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Naledi S.@newbie_naledi·MemberNeutral
sorry if this is obvious, but why do gold companies do better when the rand is weaker?
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@newbie_naledi gold is priced in dollars worldwide, so when the rand weakens a goldmine's output is worth m…by @plain_market_pieter on $GFI
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Replying to Naledi S. on $GFI“sorry if this is obvious, but why do gold companies do better when the rand is weaker?”
Pieter L.@plain_market_pieter·Neutral
@newbie_naledi gold is priced in dollars worldwide, so when the rand weakens a goldmine's output is worth more rands. ngl it's like getting a pay rise just from currency moving.