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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Robert Jones who wrote (61704)12/5/2000 9:00:41 AM
From: Professor Dotcomm  Respond to of 116759
 
I have always understood that gold is sold for US$ - ever since the 30s when the UK abandoned the gold standard.

Therefore if your production costs are in other currencies - and these currencies rise in relation to the US$ - then your profit margin erodes.