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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Square_Dealings who wrote (31482)5/1/2005 5:32:35 PM
From: Chaka  Read Replies (1) of 110194
 
well for example South African gold mines are nearly out of business because gold is priced in dollars and the value of their currency has gone up relative to the dollar

Well, to be technically correct, the SA mines are losing money because gold in RAND terms has been going down for the last couple of years while expenses in RAND terms are going up due to inflation.
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