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Will gold market in South Africa point to where prices go?

Posted on 13 December 2012

We don’t often write on the gold market (unless it has to do with broader macroeconomic issues, industrial applications, or its role as a conflict mineral), but today something piqued our interest. Turns out South Africa gold mining is not nearly as lucrative — or safe — as it used to be.
Reuters reported that “gold production in South Africa has sharply declined in the last seven years, knocking Africa’s biggest economy off its perch as the world’s top bullion producer, a position it held throughout most of the 20th century.” That sounds like a pretty big deal………………………………………..Full Article: Source


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VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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