South Africa Squanders Gold

Africa,Democracy,Economy,Labor,South-Africa

            

As we head into possible hyperinflation, the demand for gold has remained consistently high, yet gold production is down in South Africa. Ever wonder why?

A doff of the hat to Albert Thompson for the Al Jazeera link reporting that “At least seven protesters [were] reportedly killed when police opened fire on miners at South African mine.”

Jay Taylor, who broadcasts and invests in the tradition of Austrian economics, is up on all things gold and South African. I will be talking to Mr. Taylor on Tuesday, August 28.

Gold is a girl’s best friend. Austrians in economics will be gold bugs and/or general metalheads.