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.
The FrumForum teased out an interesting factoid after Republican presidential candidate Mitt Romney filed his financial disclosure report: he and his wife Ann own a significant amount of gold.
Out of a personal wealth of $190 and $250 million, the couple own between $250,000 and $500,000 in gold.
Given his personal wealth, however, that may be considered light. Some financial experts suggest that a minimum of 5% of an individual’s wealth should go to gold as an insurance policy. In that case, the couple are about $2 million short.
The couple’s gold investment also equals the amount they have tied up in two horses, also valued between $250,000 and $500,000.
Story was originally reported by the LA Times.
Image from Mitt Romney Media.
