South Africa seems content to die obediently


10:56a ET Sunday, July 7, 2013

Dear Friend of GATA and Gold:

Reuters reports today that 60 percent of the gold mining industry in South Africa is now estimated to be unprofitable:

But there is not a peep from that industry, the Chamber of Mines, the mineworkers unions, or the South African government about the gold price suppression by Western central banks that is amply documented by GATA here:

No, all of South Africa seems content simply to die obediently at the request of imperialism, one more rich country insisting on being poor. Maybe its government officials and plutocrats figure that they always can flee to apartments in Mayfair. But as South Africa goes down, the rest of Africa will follow. Is there not one patriot in the country?

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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