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Mines Tighten Belts as Gold Boom Ends

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Mines Tighten Belts as Gold Boom Ends BYLINE: Eddie van der Walt London THE BIGGEST gold bust in three decades is about to end a six-year expansion in mine output. From Russia to South Africa to North America, the biggest producers saw profits turn to losses as prices plunged, forcing them to cut spending on mines in half over three years. While bullion output would probably reach a record this year, the increase would be the smallest in at least six years, before production dropped 1 percent in 2016, according to Barclays. Mines supplied 3 114 tons last year, a record high valued at about $127 billion (R1.5 trillion), after companies stepped up investment to capitalise on prices that surged more than fivefold in the decade through 2011. While the appeal of gold as a financial asset means that supply does not usually influence the precious metal's value as much as economic or monetary policies - partly because every ounce ever mined still exists - demand is gr...
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Clarence Mines Gold in Adelaide

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Clarence Mines Gold in Adelaide THIRTEEN Clarence Valley rowers turned out in Adelaide last week to compete in the Australian Rowing Championships and Interstate Regatta. The gruelling week of competition means a minimum of three races and in some cases four. Despite some Valley rowers contesting more than three events, they managed to bring home two gold and four silver medals. Rachael See, struggling with the weight limits for lightweight rowers, managed a solid second place in the B final of the under- 23 women's single scull but her partner was unable to make weight for her double scull. Her highlight was a silver medal in the under- 23 women's quad scull. Perinne Tyler, competing in her first nationals, was competitive in all her races, just missing the semis of the under- 19 double scull and single scull. Cameron Kitcher, balancing training with his HSC, performed well in his single and just missed the semis. He made up for that in his schoolbo...
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Treasure Hunting Estate Sales Can Be Gold Mines for Savvy Shoppers

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Treasure Hunting Estate Sales Can Be Gold Mines for Savvy Shoppers Respess, Susan P., The Florida Times Union When Cindy Bishop goes shopping, she dons comfy clothes, packs a lunch and takes no purse. She hopes for dismal, rainy weather. It's her strategy for shopping estate sales, and it's won her a houseful of treasures at bargain prices. Almost every weekend in the Jacksonville area, a professional dealer is holding an estate sale to clear out a household, usually after the owner has died, moved away or become too ill to remain. Sometimes, one house may have items from more than one estate. Usually, the first ones at the door are antiques dealers. They scan every corner of the house, the garage and yard for items. The dealers will resell the items in their antique shops, often at a markup. However, you can go to the estate sale and buy directly. Shoppers like Bishop, look for collectibles and antique...
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