http://www.ft.com/cms/s/0/6ab85cd8-e335-11dd-a5cf-0000779fd2ac.html
A few quotes:
“Gold production in South Africa in 2008 sank to its lowest level since the Boer War, pushing the country into third place in the league of global producers behind China and the US.”
“The country’s gold output dropped by an estimated 14 per cent, the sharpest decline since 1901.”
“GFMS said gold prices could be expected to reach a fresh all-time high above $1,000 an ounce in the first half of 2009, as investors focused on the possible return of inflation and the threat to the dollar caused by aggressive interest rate cuts and massive government spending.”
“’I’m sure a strong rally is going to emerge,’ said Philip Klapwijk, executive chairman of GFMS.”
