Global Gold Companies Destroyed $60 Billion In Value Since 2000
Gold prices soared during the recession, and have started to fall as investors get ready for the beginning of tapering, but both trends have happened almost independently of how gold companies are run. Global gold companies have cumulative impairments of more than $60 billion over the last 13 years, report Citi analysts Johann Steyn and Craig Irwin, and now that macro factors are turning against them more than a . . .
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