What I ask myself if, does it make sense to run from inflation into gold mining when the oil price is going to the moon aswell? Because more expensive oil makes digging more costly.
So, what do you think will it be a zero sum game?
are you doing WAG or do you have cites for the notion of fuel costs being a major issue in gold mining? I would have WAG’ed that the mine mostly runs on electricity which comes from South African coal-powered plants.
problem for the miners in the world. You are right in South Africa they have lots of coal
but at least in many countries I know when oil price goes up also gas goes up and the power bill.
I tend to thing gold will go up more quick than oil in an inflation. but on the other hand oil is the stuff that is really much needed in daily life…