The Phaserl


Will Suriname join the struggle against gold price suppression?

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

Your secretary/treasurer has just returned from what seemed like a productive week in Suriname, the former Dutch Guyana in northeastern South America, a county whose foremost export revenue generator is gold, thanks to the Gros Rosebel mine operated by Iamgold.

The plunge in the gold price from $1,900 to below $1,200 over the last year and a half has been terribly damaging to Suriname, as it has been to many gold-producing developing countries. The difference is that, thanks to the clamor raised by Winston Wirht, president of the national mining company, Grassalco, Suriname seems interested in learning about gold price suppression by Western central banks.

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