Hedging

I have read lots of articles suggesting investments in overseas markets as a mean for hedging. Why bother when you can invest in gold stocks?

Those gold producers that produce gold as predicted (number of ounces produced and cost of production) usually make good profit and the market likes them. Those that come up with excuses for under-performing get hammered. NCM is a good example where production in Lihir Island will come down because the processing plant has not been maintained properly. Oooops!