GOLD 0.51% $1,391.7 gold futures

Regarding Aus gold producers. As a general rule (there are some...

  1. mja
    1,345 Posts.
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    Regarding Aus gold producers. As a general rule (there are some exceptions), the people who cash in during a resource boom are property investors in mining towns and the workers themselves. Try and find a mine worker in an inland Aus town earning less than a 100K. The theoretical increase in resource price, typically doesn't result in increased profitability as costs blow out.
 
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