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Gold/Mining/Energy : Precious and Base Metal Investing
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To: baystock who wrote (745)12/6/2001 10:14:42 AM
From: russwinter  Read Replies (2) of 39344
 
<SA gold shares go ballistic, despite the pooh-poohing>

It's that slave labor (over half of costs) that's is the key to their success. Their formula: give the mining unions a 10% wage increase in Rand terms. Then laugh all the way to the bank when the Rand declines 30%, wiping out workers real income in a heart beat and more. As long as they can keep one step ahead of paying a living wage to that large work force they are home free. Problematic, if you ask me.
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