What can be the benefits for a gold mining company to have a consultant making gold price forecasts?
Answer by managers of GOLDIVANTI LP
Basics on finances in any gold mining activity is that you need to keep your expenses low, to attain the maximum of the income. Some people use a simple gold pan, and create 2-3 grams per day, with minimum expenses and have monthly income of US $1500 and more, with few hours of work per day. By looking at these small scale miners, you may learn that if your expenses are low, you will not need to worry about the gold price fluctuations:
These people certainly do not need a consultant, as their expenses are so low, that they make income in any case. Large companies, and those who don't care about expenses, they will not be saved by any consultant advising them how gold price will fluctuate in the future.
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