Geologists in southern China have made a groundbreaking discovery—a massive gold deposit containing over 1,000 tons of gold! The find, located in the Wangu gold field in Pingjiang County, Hunan Province, was revealed by China’s official Xinhua news agency on Thursday, citing the region’s geological bureau. What Makes This Discovery
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
Many countries in Africa are making exciting changes to how they manage their precious minerals like gold. Instead of sending these valuable resources abroad in their raw form, countries such as Ghana, Tanzania, the Democratic Republic of Congo, and Ethiopia are now focusing on processing them locally. This means they
Countries like Nigeria are making headlines by bringing their gold reserves back home from places like the United States and the United Kingdom. This move is seen as a way to protect their wealth and strengthen their economies amidst global uncertainties. Economic concerns, including inflation and geopolitical tensions, have prompted
According to multiple sources, Syrian rebels, mainly affiliated with the Syrian National Army, have been recruited as mercenaries to provide security at factories and gold mines in African nations, reportedly under the direction of Turkey. Several opposition sources informed Middle East Eye this week that Syrian rebels had been hired
Recently, Bloomberg reported that you can now buy gold bars from vending machines in a GS Retail Co. convenience store in the Gangnam neighborhood of South Korea. Costco was the first to start selling gold bars—and running out of them. In South Korea, vending machines currently sell them. In one
According to the Times of India, India’s central bank, the RBI, has moved 100 tons of gold from the UK to domestic vaults because the stock was increasing abroad. A little over 100 metric tons of gold have been transferred by India’s central bank from the United Kingdom to its
After Utah, Wisconsin, Nebraska, and Kentucky, Alabama became the fifth state to have passed legislation supporting sound money by abolishing income taxes on gold and silver. Today, Alabama took a significant step toward promoting sound money concepts when Governor Kay Ivey signed a law eliminating all income taxes on capital
When asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will become as stable as gold. This month, the prices of Bitcoin (BTC) and gold have both reached all-time highs. The value of an ounce of gold
