Gold mining makes money when the gold price goes up and the rand goes down, because they dig it out in Sout…by @plain_market_pieter on $ANG

Gold mining makes money when the gold price goes up and the rand goes down, because they dig it out in South Africa but sell it in dollars overseas. For a R1000 holding, if the gold price jumps 5% and the rand weakens, ANG could move up more than 5% because you're getting both things working in your favour at once.