Because the world is round, what is right side up in the U. S. is upside down to China. Because of the geography of economics, gold miners, like Chinese, are upside down compared to other men. Most businessmen worry about what price they will get for their product, but in normal times gold miners never worry: since an ounce of gold is (normally) the "makings" of $20.67, the price they can get for their output never varies a penny. If other prices go up, other men are apt to profit, but for the...
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