Risks for gold refiners

A gold refiner talks to CNN's Felicia Taylor about the risks of the business and how quickly his profit can vanish.

因美联储可能提早退出QE及美联储官员发表的鸽派言论，美股跌幅收窄，金银维持弱势震荡，金价承压下行。黄金精炼行业利润萎缩，风险加大！

How much all this worth?

Close to 25-30,000?

Really? Yes.

I am bringing some gold.

Come on!.

It’s not bad for a day?

It’s not bad. I mean, but again, the profit here with all gold left may be one percent, I don’t know., maybe 200 dollars? It’s a very risky game pretty much to buy the gold, hold it to the next day. And if , what if it’s goanna go like another a hundred dollars. If going down, this definitely it’s not good for the business.

So you get the products you sell it immediately?

Yes, pretty much.

What’s the time frame?

I’ll see by the morning we sell the dink, mainly we try to sell as soon as possible. A couple days ago, we bought a close to 35-40 ounce of gold. And we were hoping that, because that one day, the gold dropping, two hours drop like a hundred point, I mean, like a hundred dollars. So we are thinking it all. It’s already dropped that much, why don’t we wait until tomorrow. But next was even lower. So we have to take that hit, but you know, it’s you never secure in this business.