From: http://www.bloomberg.com/news/2013-04-17/gold-miners-lose-169-billion-as-price-slump-compounds-etf-pain.html http://www.bloomberg.com/news/2013-04-17/gol

From: http://www.bloomberg.com/news/2013-04-17/gold-miners-lose-169-billion-as-price-slump-compounds-etf-pain.html http://www.bloomberg.com/news/2013-04-17/gold-miners-lose-16... Quote: "Gold producers, ignored as global stocks rebounded in the past two years and investors turned to exchange-traded funds that track bullion, face closing mines or shutting themselves down after the metal’s worst slump in three decades this week made 15 percent of miners unprofitable." I also read that the biggest gold mine in the world in South Africa (70% world production) is not profitable at these prices. But you'd need to google for that information yourself. Also, I'll add another point. The definition of bubble is that nobody knows that's a bubble. Everybody will think and tell you it's a genuine investment, actually the best investment going on at the moment. That's why one way of making sure you're not investing in overvalued assets is to ask your cab driver if he invests (or would like to invest) in that asset. Now, evey cab driver who drives me stays away from gold because it's a "bubble". But in the day they would all just love to buy Facebook. So media says gold is in bubble. All my friends do. My family does. You check the stats - the price merely covers or doesn't cover mining cost - that's your "wall of worry" factor - now you buy. Don't get me wrong gold will be a bubble. But that's in distant future. That's when I'll be selling. (if im right)