South Africa police standoff with illegal gold miners escalates
The police sealed off access to the Buffelsfontein gold mine in Stilfontein several weeks ago to deny the miners access to food and other essentials.
Gold Hedge reports that a German newspaper is telling its readers that it’s time to buy gold:
Bild Zeitung, is Germany’s biggest- selling newspaper, is the best-selling newspaper outside Japan and has the sixth-largest circulation worldwide.
Bild encouraged German people to invest in gold as the global debt crisis continues to deteriorate and cause turmoil in global markets.
“While the companies listed on stock exchanges have lost over the past 14 days, about $8 trillion dollars in value, the price of gold climbed to a record high.”
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PrimeValues.org
Germany is a big market for gold and they have some of the most notorious and successful gold dealers in Europe. If the Germans start feeling the need to buy gold, then the price of the yellowish shiny metal will increase significantly. I believe that Germans alone can have quite a strong impact on gold’s price.