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Gold can cost $1,500 per ounce. Here’s why it’s so expensive.

“So, as gold mining continues to slow and the costs associated with mining increase to meet the challenge of extraction, gold could become even more expensive” writes Andy Ash for Over the next century, gold mining captured people’s imagination, during the great US gold rush.These gold rushes heralded the start of modern-day gold mining.Despite humans mining gold for millennia, the complexity of this process hasn’t changed.Hewitt: If we have a look at the 190,000 tons of stock of gold aboveground, the lion’s share of it’s in jewellery.

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