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Zen84
01-24-2008, 02:28 AM
Hey all,
I'm hoping someone can help me with a question or two.
I've been working on a gold-related muse and besides the obvious challenges of finding a company to outsource to/work with, I'm having a bit of a moral dilemma.
From what I understand, mining is one of the most polluting industries there is. I understand that this is fairly relative, as just about any industry involves pollution, but mining seems to be the top of the pile by a landslide. Also, although I know there is gold mining in the US, it would seem that a lot of gold is probably mined via some pretty harsh labor conditions (child labor, unfair compensation, etc.).
Has anyone else faced similar quandaries? Does anyone know more about the gold industry?
I appreciate any help with this, and hope everyone is finding success with their own muses.

kamakiri
01-24-2008, 02:45 AM
Instead of the labor conditions surrounding gold, you might want to look at the reasons for trying to enter the market. The financial and legal barriers to entry in that market are nearly insurmountable. If you are looking at futures trading, then you also going up-hill.

Moral dilemma aside, you also can't stay away from the markets for any period of time. One small change by the fed, and you might have to make a margin call bigger than your yearly income because the gold market operates all over the world and does not sleep.

Doing a bit more research, possibly even a 'google search' on the topics you mentioned might even shed more light on your questions. The topics of child labor and pollution are pretty much out of the scope of advice on a forum like this, and if you do look further into your muse, you will want the opinions of far more qualified people.

squeegee
01-28-2008, 06:08 AM
Can you tell us more about what you're selling? Does it have a high markup (8-10x)?