Published on October 13, 2021

Latest replays relevant with gold exchange, gold coin investors, silver markets, tax advice for gold investment, and South African Gold Mining Stocks, SOUTH AFRICA: MEMORIAL SERVICE FOR DEAD MINE WORKERS.


In the wake of South Africa’s latest mining disaster in which 104 miners were killed last week, international experts are discussing ways in which to improve safety on mines and in factories.

The international conference hosted by the National Occupational Safety Association will continue discussing the issue today (Thursday).

Yesterday (Wednesday) miners and the families of the dead gather on mine property for a memorial service.

It’s exactly a week since the Vaal Reefs Gold Mine accident in which a mine locomotive plunged down a shaft and crushed a lift carrying the night shift workers.

President Nelson Mandela, who visited the scene on Monday, called on the public to observe a national day of mourning yesterday (Wednesday.)

Since gold was discovered in South Africa in the 1880s the
industry has relied on a cheap labour force, mainly black men from
the rural areas of the country and from neighbouring states.

While conditions have improved slowly over the years, it took the installation of Mandela’s government last May to give the mining industry a friendly nudge in the direction of better worker relations.

An inquiry set up by Mandela to investigate the disaster needs to
examine who or what was to blame for the accident. But the focus is
very firmly on ensuring better safety on the mines.

“It definitely is a tragedy for South Africa. We at Nosa must
look at ourselves and have a look at when the findings of the Vaal
Reefs tragedy come out. We need to have a look at what happened and see if we ourselves can improve in anyway possible to pre-empt such things happening again.”
SUPER CAPTION: Bryan Keague, operations manager of the National Occupational Safety Association

“It was terrible and we are sorry that people died and I think
if stricter measures were taken the accident could have been
SUPER CAPTION: Boney Mogotsi, occupational health officer

The accident came at a time too when the world’s largest gold
producer seems to be losing it’s grip on the market – the gold
mines shares on the Johannesburg Stock Exchange were down 39% as compared to the same time last year.

The main reason is that South Africa is still mining the same mines as it was 100 years ago and miners are now having to go deeper into the ground to get the gold.

The result has been a rise in labour costs and a drop in safety standards.

Clearly the mine owners must take a long hard look at safety as
they try to negotiate the minefield of creeping competition even
within Africa.


“Well, the mine disaster actually puts us in a position we
should emphasize the need for safety and I believe that probably if
the safety was viewed with concern, it should be taking that mine
disaster could not probably have happened.”
SUPER CAPTION: Dr William Sakari, director of Occupational Health Safety Services, Kenya.

Political changes and a more labour-friendly government means
that this mine disaster will be thoroughly probed. South Africa’s
Mineral and Energy Affairs Minister Pik Botha visited the mine last
week and has added his voice to the call for an enquiry.

“It is obvious that there will have to be a very proper and
thorough investigation when this matter – it is impossible at least
for me to in the time that I have here – it is too complex. We will
have to get a very proper enquiry.”
SUPER CAPTION: Pik Botha, South Africa’s Minister of Mineral and Energy Affairs.

President Nelson Mandela visited the mine himself on Monday but
steered clear of blaming either workers or management.

He simply went personally to investigate and to offer his
condolences to the workers. His donation of part of his salary to

You can license this story through AP Archive:
Find out more about AP Archive:

South African Gold Mining Stocks


Investing In Gold Implies Investing For Your Kids

They sell little gold ingots (1 gm down to 0.2 gm) as a physical gold bullion financial investment. In the special system of 401K both the company and the employee can add to make it broaden.

SOUTH AFRICA: MEMORIAL SERVICE FOR DEAD MINE WORKERS, Explore trending updated videos relevant with South African Gold Mining Stocks.

How Can A Personal Individual Buy Gold?

That is because of the crash of any other kinds of financial investment and mostly of the real estate market. Currently StreetTracks Gold Shares stores about 584 lots of gold, with a value of practically 18 billion dollars.

As a financier in gold with long term goals- I initially got thinking about this yellow metal in 1998- I have seen gold investing options boost greatly over these years together with the gold rates. Because really year, I opened my Gold Financial investment Account (Equivalent to gold ETF now) without any monetary advice.

Unless you are wishing to propose to your loved one, it is an awful time to be buying gold. Why? It might be years before the gold market moves significantly higher before you see a profit since if you buy gold now. Now if you have a few hundred thousand dollars to invest, then it may be a good opportunity to catch it in a slight dip in price. However if you are a regular man like me, I have problem simply putting a number of extra dollars back for retirement right now in this tough economy. You may think about investing into a Gold ETF, but unless you are a smart financier, STAY AWAY.

Purchasing mining companies is another easy method to be an effective gold financier. There are various ETF’s that invest money on companies that virtually mine gold.

You can acquire gold bullion in the form of coins, ingots, bars and rounds. The basic size products are easy to buy and easy to sell. If you don’t want the physical metal than you can acquire a gold ETF or among the more popular Gold Mining Stocks. There is danger in the stock exchange, so utilize due diligence and take care about picking the smaller companies or penny stocks.

Well, ETF’s (Exchange Traded Funds) are similar to stocks. They are easily purchased and sold. You can get in and out quickly. They appear like the ticket for buying silver or gold easily, without the problem of personally owning it and offering it. It appears that method on the surface anyways.

Does this noise familiar? Its occurred to me. This time. I thought, I’ve found an actually excellent service. I check out the blurb. Its really convincing. These gurus are making fortunes (or they definitely offer the impression they are) but I’m not. Where, I wonder, am I failing? If I buy Gold Investment advice – is it worth paying for?

If your not into all of this problem, and your trying to find a quick and hassle-free method of doing it. then you deal with a refinery that buys gold. The most popular and relied on online technique is through Cash4Gold. They will send you a prepaid envelop to deposit your precious jewelry in and get back to you by phone. You’re under no obligation to accept their offer, and many times if your not pleased with the offer, they will generally up their offer. Remember, contrary to what you might think, 14k gold is not pure. it’s just 58%.

Not just can you utilize your new site to share your experience about gold financial investment, but you might utilize it to earn some additional money too. You might sell your own informational products. When you have been online a while and you have your own following it will be easy to write and market your own product. You can release and make money from your own guide either by offering it straight as an ebook, or you might even release a kindle edition. You can likewise earn money by ending up being an affiliate for other companies. You would place banners and links on your site, and when someone buys the item you would earn a portion.

Their stocks was among the greatest in the world. Right now, silver rates are around $18 per ounce. There is a huge dispute in between the supplies and demands of silver. By contrast, SGOL has just a dual custodian arrangement.

If you are looking more entertaining comparisons relevant with South African Gold Mining Stocks, and opinion on the price of gold, gold coin value please list your email address our email subscription DB for free.

Enjoyed this video?
"No Thanks. Please Close This Box!"
%d bloggers like this: