people have been telling us that probable in-ground oil reserves have been known for decades, but those estimates keep going up. I see no reason to believe ther

people have been telling us that probable in-ground oil reserves have been known for decades, but those estimates keep going up. I see no reason to believe there is a better estimate for in-ground gold reserves, nor do I believe the true size of those reserves is factored into the price. Considering the 40+% margins shown by Barrick Gold, I doubt even the marginal cost of mining gold is factored that well into the current price.