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This must be the new Zimbabwe math. It would be impossible to fall more than 100% unless they were taking gold back rather than delivering it.

By the article's own numbers of 352 kg last year and 125 kg this year, gold deliveries only fell by 64.5%

Back to school! Oh that's right, they're all closed.

ht comments

1 posted on 11/20/2008 12:07:35 PM PST by george76
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To: SunkenCiv; Clive

The sector has virtually shut down as miners cannot fund operations, senior Zimbabwe chamber of mines official Douglas Verden told Reuters.

At its peak, Zimbabwe produced more than 2 400 kg of gold monthly, but miners, who are owed millions of dollars by the central bank and have to cope with the world’s highest inflation rate above 231 million percent, have ground to a halt.

http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2429845


2 posted on 11/20/2008 12:09:30 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

You didn’t factor in the inflation rate...


3 posted on 11/20/2008 12:09:41 PM PST by null and void (0bama is Gorbachev treating a dying system with the same poison that's killing it in the first place)
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To: george76

I sure wish fuel prices would fall 181.6%...


6 posted on 11/20/2008 12:11:11 PM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th)
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To: george76

That place is a blueprint for how to dismantle an economy and F up your country. Probably ‘The “Mr. I Hate America” President’s’ playbook for his administration. Can’t wait!!!


8 posted on 11/20/2008 12:12:26 PM PST by SMARTY ("Stay together, pay the soldiers and forget everything else" Lucius Septimus Severus)
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To: george76
I know oil companies keep several sets of books (they never pay the stated per barrel cost).

These guys have to be just as bad or worse.

Never think what whorescum like these tell you is anything more than a nice yarn spun to sway opinion in their favor, it's the only thing that spurs them on to flap lips in the first place.

9 posted on 11/20/2008 12:12:55 PM PST by norraad ("What light!">Blues Brothers)
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To: george76

They must teach such things in journalism school — “Math 001: Those pesky percentages”.


10 posted on 11/20/2008 12:13:42 PM PST by USFRIENDINVICTORIA
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To: george76

What the hell!?!?!? You mean people have to actually WORK and then be paid for it for things to happen?

But they told us Utopia was no work and everyone’s every desire would be fulfilled!


11 posted on 11/20/2008 12:15:58 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: george76

Apparently the miners are so mad they’re putting gold back into the ground.


12 posted on 11/20/2008 12:17:58 PM PST by ctdonath2 (I AM JOE THE PLUMBER!)
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To: george76

They have their own Obama.


15 posted on 11/20/2008 12:21:44 PM PST by Doctor Raoul (It's no longer the Press Van, it's a "Tanker" Truck!)
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To: george76

Can you imagine living in a place like Zimbabwe, where you work like a dog, you’re money’s worthless and there’s just stilfling government regulations? Oh, wait, did I just describe America under current and future Democrat rule?


16 posted on 11/20/2008 12:23:26 PM PST by TheThinker (It is the natural tendency of government to gravitate towards tyranny.)
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To: george76

ditto


18 posted on 11/20/2008 12:41:22 PM PST by Jaded
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To: george76

Obviously, even the soldiers are too week to do any mining, what with living on tree bark and insects.


19 posted on 11/20/2008 12:49:16 PM PST by 50sDad (-/\/\/\- Obama's coming; be a Resistor!)
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TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: diamonds; gold; goldbugs; platinum; silver; zimbabwe
27 posted on 11/20/2008 4:37:27 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile finally updated Saturday, October 11, 2008 !!!)
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To: george76; null and void

Had it risen from 125 to 352 they would have said it rose by 181%. But yes, that is a 64% drop.


28 posted on 11/20/2008 4:52:53 PM PST by scrabblehack
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To: george76

Just remember, Zimbabwe is the model the left aspires to imitate. That is Obama’s dream, to be the Mugabe of North America.


31 posted on 11/20/2008 9:07:27 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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