South Africa's gold resources said vastly overstated

Section:

1p ET Tuesday, November 17, 2009

Dear Friend of GATA and Gold:

MineWeb's Barry Sergeant reports on a study that concludes that South Africa's gold resources are a fraction of what is claimed. If the study is correct, there's another challenge facing the alchemists of central banking. Sergeant's report is headlined "SA Gold Miners on Final Deathwatch as Scientist Finds Gold Reserves More than 90% Less Than Claimed" and you can find it at MineWeb here:

http://mineweb.co.za/mineweb/view/mineweb/en/page34?oid=93062&sn=Detail

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

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