South Africa Gold Mine Collapse....

MS70ORBUST

What affect will this have on the price of Gold? Article is on the MSN home page.

Could this be the excuse for the $2000 per ounce some telemarketers have been advertising? lol!!

I'm not trying to make fun of a very serious accident, but its things like this that people react to. I hope they get to the miners asap because we all know what happens if they are not found soon.

goldman86

What amazed me is that there are 3200 in one mine. Wow, I hope they are doing all they can tell help the people without regard to cost.

coinman420

i heard on the news a while ago there are 3200 people trapped in the mine.

commoncents05

I don't think this will affect the price of gold at all.

-Paul

RedTiger

AP article

From the AP article
>>
Some 3,000 gold miners were trapped a mile underground Wednesday when falling pipe damaged the elevator, but the company began evacuating workers through a smaller shaft and estimated it would take 10 hours to get them all out safely.

There were no injuries and there was no immediate danger to any of the workers in Harmony Gold Mining Co.'s Elandsrand Mine, company and union officials said.
>>

Looks like a non-event for gold, down a few cents in overseas trading.

kitco

GoldenEyeNumismatics

Temperatures in mines like that can get very, very hot (well north of 100 degrees F, with 100% humidity). It's a good thing they're getting them out, otherwise the guys would sweat to death.

mrearlygold

<< <i>What affect will this have on the price of Gold? Article is on the MSN home page.

Could this be the excuse for the $2000 per ounce some telemarketers have been advertising? lol!!

>>



I'l bet there are some dirtbags who WILL use that as an excuse to sell material to people.

pauljuno

I'm hearing from CNN that they are starting to bring the miners out, but are only able to bring out 73 at a time so it could take 24 hours to get everyone out.