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Comments
Yes, this is how it is supposed to work - Gold mining licence is for a one use only:
2000 gold + GML = 4000 gold.
So one GML is worth 2000 gold and when you use it, its gone.
Note that GGS (company behind the game) sells gold for real money - this is how they get their salaries.
Gold is therefore very hard to get inside the game (without paying for it with real money).
Upgrading the mine will only get you gold quicker, but it is not really worth it. Take care how you use your gold. The game offers you many opportunities to spend gold. You have to decide if it is worth or not.