Rule: We Have Tight Gold Supplies & Future Supply Constraints
October 9, 2012
Today Rick Rule warned King World News about tight gold supplies and future supply constraints. This interview also discusses the frightening conditions that workers face in places like South Africa. At the bottom I also have a note about a video I sent Richard Russell a decade ago regarding the world’s deepest gold mine.
But first, here is what Rule had to say: “One of the things that is interesting to me and it should be to all mining industry investors and speculators, is the social unrest in South Africa. It’s a very, very complex situation, and I’m trying to understand it better. I’m lucky here to have a couple of South Africans who work for us with great ties to the country.”
Rick Rule continues:
“But it’s been in the news, the actions by the workers, and in one case 44 workers killed. What appears to be the problem is that some number of workers, particularly the migratory workers, are at odds with the National Mine Workers Union.
There are also allegations that some of the black empowerment vehicles, which provide mining services to the large mining companies, are actually marking up the workers wages too much, and keeping large portions of the workers’ wages by way of management….