In late August, Burkina Faso, a country in West Africa, took a bold step by taking control of two gold mines from Endeavour Mining, a big company based in London. This move highlights a bigger issue in Africa, where many countries are rich in natural resources like gold, yet still
The world is going through a big financial crisis, pushing countries to find new ways to protect their economies. Gold, with its skyrocketing value, is now a popular way for countries to strengthen their financial systems. Africa, home to vast gold resources, understands this well. But there’s a problem: most
UK has refused to give Venezuela $1 billion of its own gold. President Nicolas Maduro’s attempt to recover his own country’s assets was rejected by the top court in Britain.
Even though it’s still too premature to predict how the US dollar will fare during this economic shift, it is almost certain that it will emerge weaker and less dominant than before. This comes as a result of the gold backed ruble which is the new paradigm shift for the
Weeks after Venezuelan intelligence crushed a secret plot to overthrow President Nicolás Maduro, now Venezuela has sued the Bank of England for refusing to give back its Gold. President Nicolas Maduro has also announced that Venezuela will sue US in International Criminal Court (ICC) for severe damage caused by the economic
