LPW 20: Last Plodder Wins

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Tribs

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We are not important on the global scale - we will get it towards the end
If we had more gold - it would be different
 

Tribs

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I always hope that the first day of the new year will feel different - but it never does. Just more of the same and a huge mess to clean up
 

Dave

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We are not important on the global scale - we will get it towards the end
If we had more gold - it would be different

SA still has plenty of gold (and other precious elements), but you should remember that perhaps your government has different priorities to yours.




South Africa nevertheless has gold reserves of 6,000 tonnes, which is more than 10% of the world total, and exported 119.6t of gold worth R65.1bn during 2017 and sold worth R17.7bn locally. The country's platinum-group metals reserves of 63,000t represent more than 90% of the world total.

The local diamond mining sector was the world's sixth largest producer in terms of volume during 2017, producing 9.7 million carats worth US$3.1bn, and exporting 9.9 million carats worth US$1.3bn. While total gold demand declined during 2017, demand for gold jewellery increased, as did demand for diamonds. Local and export sales of gold, platinum-group metals and diamonds amounted to R178.1bn during 2017,
 

Tribs

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SA still has plenty of gold (and other precious elements), but you should remember that perhaps your government has different priorities to yours.




South Africa nevertheless has gold reserves of 6,000 tonnes, which is more than 10% of the world total, and exported 119.6t of gold worth R65.1bn during 2017 and sold worth R17.7bn locally. The country's platinum-group metals reserves of 63,000t represent more than 90% of the world total.

The local diamond mining sector was the world's sixth largest producer in terms of volume during 2017, producing 9.7 million carats worth US$3.1bn, and exporting 9.9 million carats worth US$1.3bn. While total gold demand declined during 2017, demand for gold jewellery increased, as did demand for diamonds. Local and export sales of gold, platinum-group metals and diamonds amounted to R178.1bn during 2017,
Wow I was way wrong. So there must be other reasons we are last on the list
 

Jings

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Been asleep last few hours. What a lazy Friday afternoon. Perfect.
 
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