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The S.Africa experience

Posted by Ororeef @ 11:08 on February 5, 2016  

anybody doing business in Africa needs to learn from Anglo   years ago when Communist Mandela was threatening ..the big Miners simply BORROWED Gold from Central Banks ,about 20 years worth of production and SOLD it ..Then moved the money out of S.Africa …The Banks then had a LIEN on the Mines future production to be paid in GOLD Bullion…!(not paper like Zimbabwe) ….NOW if they tried to confiscate all financing would end including payroll money ….SO that stopped the Communist confiscation.  The mine owners moved the risk back to the Politicians and left with the money for a more friendly place.

THATS WHAT STARTED THE SHORTING OF GOLD ,WORLDWIDE ..ANGLO SOLD WHAT WASENT MINED YET …A SHORT SALE !

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.