Gold Production In South Africa Continues To Collapse – Plummets 85% From Peak In 1970 (VIDEO)
-- Published: Wednesday, 25 July 2018 | Print | Disqus
“When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people’s jobs and pensions and the livelihoods of individuals and families.
It is an important consideration that people do not frequently think about.
In the western world, we are delighted when commodity prices go lower as it means we can consume more stuff and we can buy more things and inflation is kept low.
But for emerging markets, they do not have the product and service driven economies that we have, they are more dependent on the value of their raw materials and their natural resources and therefore it is important they get a far price for them and fair value for them.
If they do, a lot of the poverty in the world that we seen in the world would be greatly alleviated …
It is one of the key issues in the gold market and we think that it is an important angle to look at …”
Trump Trade and Currency Wars With China – Goldnomics Podcast
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.