The gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was...

|By:, SA News Editor

The gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was the rising rand, which meant a 29% increase in the dollar value of gold translated into just a 13% jump for the SA miners. A lower rand (SZR) could turn things around in 2011. AU, GFI, HMY, DROOY.