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[sharechat] Gold

From:	"soarer2" <soarer2@xtra.co.nz>
Date:	Tue, 4 Feb 2003 22:28:05 +1300

There has been discussion on this site re US$ / NZ$ / Gold price and how no money would have been made in NZ$.

If you purchased one Gold futures Gold contract last year at US$ 310 ( it traded at this level for months and months ) and sold this month at $365 ( currently $375 )

Your profit after currency adjustment and brokerage would have been aprox NZ$ 9268.18 before tax.

The initial margin outlay and brokerage totalled NZ$ 3,591.09. Return on money invested 258%

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