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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (21032)5/27/2004 7:27:01 AM
From: philv  Read Replies (1) of 81019
 
"Recently, a Johannesburg analyst even speculated that some 80% of the country’s gold operations are currently unprofitable."

miningweekly.co.za

Gold mining seems to me not to be a very lucrative business these days. Profits if any are slim, and mine resources are continually running out.

From that perspective, the price of gold is too low.
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