Gold price, page-12373

Talking about the Real, BDR should be better off now as the Real has fallen significantly and the POG has risen in US dollars. Gold is sold in US dollars and not the Real, BDR pay some of their costs in the Real.
A good double whammy IMO. Brazil is in political and economic dire straights right now and has really been bankrupt since before the Olympics.


Personally I think goldies are better off without some of these big funds as a lot of them also have a lending and borrowing policy with their clients ie. they lend and borrow shares for shorting and pay their holders a premium. This is how some of these big funds short the crap out of a stock, by getting their clients to buy a lot of shares and then borrowing and lending.
Some of these big funds are just vultures.