Gold Miners Making More Money? (GoldSeek.com)

Nov 30, 2009   //   by Admin   //   Scrap Gold Prices  //  Comments Off

Mining is a tough business and profits are rarely easy to come by. I learned the concept of the “real” price of Gold from Bob Hoye at Institutional Advisors . This concept ignores the nominal price of Gold (i.e. ignores the currency effect, which is difficult for paperbugs but easy for long term Gold bulls) and focuses on the price of Gold relative to the price of other commodities as a ratio.

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