question for gold bugs

  1. 871 Posts.
    If the price of gold shares in Aus. have not increased like miners in the US because of the strong AUD$, would not any profits after production costs for Australian producers be larger if converted/valued in US$? Why you would want to do that escapes me but in reality US miner profits ($/ounce) are actually less if converted to AU$. Its all good the price of gold increasing in US$ terms but who will want US$'s soon anyway.
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