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Monday, January 26, 2004


There's an article in The New York Times about how the strong
Rand is hurting the profits of South African miners (see Rising Rand Takes a Toll on Gold Earnings).

As has been pointed out many times before in this blog, the price of gold in Rand isn't so high.


"It's not so much that the rand-gold prices are low, it's more the uncertainly about where the rand is going," said Ilja

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