Puz,
You asked,
"Baires, will that gold valuation go from $12 to $200 with this adjustment or will it go from $12 to $1100 per ounce in the ground?"
My answer: After a couple of glasses of Argentina Malbec (a decent full size bottle's now about US$ 2.00-$3.00), Tyhee's gold valuation will at least hit $1100/oz, no problem.
But, if I finish the bottle, by tomorrow morning, hungover and depressed, Tyhee's gold valuation will look more like it will go from $ 12/oz (now) down to $5.00/oz...With a gold ounce having the purchasing power to buy a well tailored suit or maybe even a half barrel of oil, as Ian Gordon firmly believes.
B.