Pilbara’s gold rush: a complete guide to the main players

One of the best things about gold is that there is never any need for a marketing department.

Once a miner has dug up the ore, processed it and poured it into bars, there is no problem selling off the end result, partly due to gold’s premier position as a portable store of wealth and a physical world currency.

Indeed, should the world economy hit a sour patch the price of gold often goes up, making gold mining a nicely counter-cyclical business.

At the moment, gold is trading around US$1284 an ounce (A$1654) but it obviously fluctuates over time and even when it stays stable in US dollar terms it can still fluctuate in Australian dollar terms as the US dollar strengthens or falls.

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