The chances of that happening are probably slim to none right now,” he said. “But what we really want to do is get things set up for the treasurer to be prepared. If, for whatever reason, we have a calamity in the financial markets, we have alternatives to trade with
The United States welcomes the February 17 Communiqué of the 1140th meeting of the African Union Peace and Security Council (PSC) on the situation in eastern Democratic Republic of the Congo (DRC). We join the PSC in expressing concern over the deteriorating humanitarian situation, condemning the human rights abuses committed by armed groups, particularly the M23, ISIS-DRC, CODECO, and FDLR, and demanding that all armed groups cease hostilities and unconditionally withdraw from the eastern DRC. We appreciate the leadership of South African President Cyril Ramaphosa at the PSC.
Rejected offer triggers expectations of a new wave of industry consolidation
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. The “Save our Swiss gold” proposal, spearheaded by the right-wing Swiss People’s Party (SVP), aims to ban the central bank from offloading its reserves and oblige it to hold at least 20 percent of its assets in gold. The referendum is scheduled for November 30. The SVP argues it would secure a stable Swiss franc. REUTERS/Arnd Wiegmann
ABU DHABI, 24th January, 2023 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan received, at Qasr Al Bahr Majlis, Felix Tshisekedi, President of the Democratic Republic of the Congo, who is on a working visit to the UAE.
During the meeting, the two sides reviewed various aspects of joint cooperation and opportunities to enhance them to serve the mutual benefit of the two friendly countries.
Central banks have been buying gold in quantities not seen since 1967. After decades of efforts to demonetize gold, why would the guardians of the monetary system suddenly invest large sums into a metal that demands crippling mining costs and offers little return? The answer is not so simple.
Apparently so. The CMI Table of Comparative Critical Minerals’ Lists below tells the story. But, first, some background.
If you possess physical gold you don’t face that risk. You also have the potential for appreciation. We’re at the beginning of trends that are going to increase the demand for gold, and inflation and geopolitical tensions will determine the rate at which gold increases. This year gold will appreciate versus the dollar, and also over a three, five and 10-year basis.
The U.S. dollar will be dethroned as the sole global reserve currency, leaving a bifurcated monetary system with the BRICS (Brazil, Russia, India, China, and South Africa) and their allies using a reserve currency backed by gold, alongside Western countries retaining the U.S. dollar.
Tin, tantalum, tungsten and gold. All of these minerals are found in our electronics and all are considered conflict minerals, due to their potential origin in the Democratic Republic of Congo. While the African country contains an estimated $24 trillion in untapped mineral resources, it remains mired in poverty and violence, and mining these four metals can help fund armed conflict in the region.
