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Brace yourself for the coming gold shortage
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Friday, February 12, 2010
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From The Money Game:

Brace yourself for the impending gold shortage.

Gold shortage? Yup.

With the launch of a flurry of dedicated gold ETF's last year, total ETF holdings of the barbaric relic, now exceed total world production. South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a shortage of skilled workers, and more stringent mine safety regulations have been blamed.

Choked off credit has frozen...

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Topics: Gold | Stocks | Commodities
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