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News Link • Africa: On the Map

Doug Casey and Rick Rule on South Africa and Platinum

• https://www.caseyresearch.com

Justin's note: It's hard to think of two people who have had more success in resource investing than Casey Research founder Doug Casey and Rick Rule, the president and CEO of Sprott U.S. Holdings.

Right now, they're both interested in a crisis brewing in South Africa – one that will have a big effect on a specific precious metal: platinum.

If you read last week's Dispatch, you know that Crisis Investing chief analyst Nick Giambruno says this situation is presenting one of the best money-making opportunities today.

Recently, all three guys sat down together to discuss this crisis opportunity… and why it needs to be on your radar. We hope you enjoy…

Nick Giambruno: Doug, you have extensive experience in the region. What makes you think South Africa is headed for trouble?

Doug Casey: I'm afraid it's going to come down to a racial issue. It's unfortunate, but people seem to segregate themselves according to the lowest common denominator. You see this in prisons, where blacks, whites, and Hispanics are totally divided. It's impossible for a member of one group to even talk with someone from another group. It seems to be how the primitive reptilian part of our brain is wired.

This is the case in South Africa because the blacks, who were oppressed by the whites for a long time, really think the white man stole everything from them. And there is some truth to that – even though blacks and whites arrived in the Cape more or less contemporaneously in the 1600s. But it's also true that the Europeans built the country. It's been said that the native Africans would have been indebted to da Gama if he'd just thrown a wheel out when he was rounding the Cape. He would also have needed to give them an instruction book – but nobody could read.

Ultimately, the only answer to the race problem is for people to view each other as individuals, not as members of groups. That seems unlikely, though, since even in the U.S. "identity politics" is the new rage.

South Africa is divided into 10 black tribes, two white tribes, plus the Cape Coloureds and the Indians. South Africa, like the whole continent, is famous for one group getting control of the political apparatus and using it to rip off all the others. It's the big problem everywhere, though, not just in Africa. It's proof that multiculturalism doesn't work.

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