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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (745)	12/5/2001 7:47:20 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 39344

Compare currencies against other currencies and gold, silver, platinum. Is gold going up or is the Rand in free fall? pacific.commerce.ubc.ca

To: baystock who wrote (745)	12/6/2001 10:14:42 AM
From: russwinter	Read Replies (2) \| Respond to 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.