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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (124612)9/21/2001 3:14:31 PM
From: s.pecunius  Read Replies (1) of 436258
 
"weak Rand": I often hear this argument, but I don't understand it.
With the costs of the mines(Rand) and the POG(USD) constant,
the earnings of the mines (USD) should rise due to lower costs(Rand).
On the other hand the costs(Rand) could rise due to inflation and investing in a country with a weakening currency is less attractive generally.
It seems that the latter points are more important...
Or am I missing something else?
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