True enough except the hedges are a short term problem overemphasised by short trem players/judges/admirers, the long term issue is that mining costs per oz will diminish as gold values per ton rise and more particularly inflation/gold price rise rises. Whilst the sale of gold by the IMF may impact short term it should be understood that the IMF have 400 tonne and scrap sales of gold per annum are 500 tonne.
True enough except the hedges are a short term problem...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)