Gold has become a 'four-letter word' for many Australian investors over recent times.
Despite a solid rise in the price of the metal over the past few years to record highs, most gold companies have failed to perform.
The simple explanation for this is that operating costs within the gold industry, particularly in Australia, have unfortunately risen at a much faster rate than the underlying gold price itself.
Poor management decisions have added to shareholder misery.
Gold has become a 'four-letter word' for many Australian...
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