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Precious Metals & Values
February 3, 2014

Is gold undervalued?

''Hickey: There are a lot of ways to value gold.  It is clear to me that it is undervalued when Goldman Sachs says 20% of existing mines are non-economical now.  A lot of gold mines, particularly in South Africa, have high costs and are shutting down.  We are going to have production declines, starting in 2015.  If the price of corn is so low that you can't grow it, it is too low.  It's the same with gold.''

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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