Chairman of Rio Tinto recently talked about the rich resources available in Africa, how its a strategic fit, how it compares to gold mining in central asia, base cases and other plausible scenarios that could be quality drivers. The mistake that most of us make is we look at cross-currency rates as a measure of the value of fiat currencies and that's the wrong way to look at it. You have to measure them against gold.
Joel Kessels’ Post
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Gold maintains last week's rally as it reaches a new 52-week high today Following escalating geopolitical tensions around the world and increased market volatility, gold has continued its massive 2024 rally, reaching a new five-year high shortly after the open. Gold has long been considered a safe haven from geopolitical instability, but there's more than one way to invest in the asset. For example, companies with significant gold assets like Nova Minerals Limited and Aya Gold & Silver have benefited from the rise in the price of bullion. #Gold #Mining #Equities #Geopolitics
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London Gold Xchange was born out of necessity. The precious metal market is ripe for disruption, and when the global pandemic pulled back the curtain on how volatile many commodities, equity, bond, and property markets can be, we saw an opportunity to take action. You needed a way to diversify your investments and hedge against systemic risk without overpaying. We wanted a way to utilize our connections in the mining regions of Colombia to instil our agility and integrity into the gold market. Unbeatable prices on gold with known origin is the winning result. https://lnkd.in/eNYBQUw5
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Get expert gold market insights in the 60+ pages of quick-reference charts : https://bit.ly/3uocl9u Does the Mixture of Geopolitical Tensions and Structural Inflation Drivers Lead to a New Wave of Inflation — One That Again Escapes Everyone's Radar? — p.51 of the Gold Chartbook (published by Ximen Mining partners, In Gold We Trust). #XimenMiningCorp #InGoldWeTrust #Gold #GoldStocks #GoldPrice #GoldInvestment #InvestInGold #PreciousMetals #Inflation #GoldBullion
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🌟In 2023, over 3,000 tonnes of gold was produced globally 🌟 China, Australia, and Russia were the top gold producers, with China responsible for over 12% of total production. China emerged as the largest buyer of gold, with its central bank alone purchasing 225 tonnes. Global gold mine production is expected to grow 15% over the medium term (2023-2032) due to high prices encouraging investment and output. The gold price climbed to another record high in April, passing $2,360 per troy ounce, marking a 28% increase in the last six months. #Mining #GoldProduction #GoldMining #GoldPrices #MiningInsights
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The #KimberleyProcess (KP) aims to stop the trad of #conflictdiamonds 💎 ⛏️ However, restrictions contributed to a rise in artisanal gold mining and smuggling. KP’s nature as a political compromise does not credibly assure that no conflict diamonds are exported into formal markets. 💡How can sanctions be tweaked to better fulfill their purposes? 👉 https://buff.ly/4bNabRQ
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Head of Department of Coordination of Financial Monitoring System, FIU of Ukraine. PhD in Economics
The Kimberley Process and the Illicit Diamond Trade in the Central African Republic 💎🇨🇫 1. The Kimberley Process was established in 2003 to prevent "conflict diamonds" from entering the legal market. 🏹💎 2. The Kimberley Process definition of "conflict diamonds" only covers diamonds that finance rebel movements. 🪖🔫 3. The Central African Republic (CAR) was a key test for the Kimberley Process due to the widespread use of diamonds by armed groups. ⚔️💎 4. In 2013, the CAR was suspended from the Kimberley Process to curb the trade in conflict diamonds. ⛔💎 5. A partial lifting of the suspension in 2016 allowed diamond exports from certain regions in southwestern CAR. 🔓🗺️ 6. However, the Kimberley Process proved to be a "blunt tool" for addressing the situation in the CAR. 🔧❌ 7. The CAR's suspension from the Kimberley Process led to a decrease in official diamond exports and an increase in illicit trade. 📉🔍 8. Diamond smuggling accounts for 90% of all diamonds mined in the CAR, and the state loses revenue. 🚨💸 9. Artisanal gold mining increased as an alternative source of financing for armed groups. ⛏️🥇 10. Cameroon became the main transit point for smuggled diamonds from the CAR. 🚚🇨🇲 11. Dubai is a key hub for "laundering" smuggled diamonds by mixing them with legitimate ones. 🌆🧼💎 12. Armed groups are flexible in their financing, taxing a wide range of goods and activities. 🪖💰 13. The Kimberley Process failed to sever the link between diamonds and conflict in the CAR. ⛓️💎 14. Different stakeholders within the Kimberley Process have divergent priorities and interests. 🙍♂️🙍💼 15. NGOs are calling for the expansion of the definition of "conflict diamonds" to include state actors. 🗳️🔎 16. The current Kimberley Process suspension cannot be considered effective protection against conflict diamonds entering legitimate circulation. ⚠️🛡️ 17. The risks of depriving artisanal miners in the CAR of a legal market need to be carefully weighed against the benefits of Kimberley Process restrictions. ⚖️👥 18. The Kimberley Process's role should be considered part of a toolbox for promoting peace and security. 🕊️🧰 19. Targeted sanctions can play a complementary role in changing company behaviour, as in the case of Badica. 🎯💼 20. Mining communities in non-compliant zones should be offered a legal market for their minerals. 💱👥 21. Strategic assessments should precede the implementation of trade regimes, considering their potential negative impact. 🔍📊 22. Kimberley Process certificates should accompany diamonds throughout their entire trajectory to the market. 📜💎 23. The certification process needs to be digitized to track the origin and path of each diamond. 💻🔍 24. Mixed parcels of diamonds of unknown origin create opportunities for abuse and require regulation. 🌪️💎 25. The Kimberley Process alone cannot promote peace and security by addressing the illicit diamond trade. 🕊️🚫💎 #KimberleyProcess #IllicitTrade #Sanctions
The #KimberleyProcess (KP) aims to stop the trad of #conflictdiamonds 💎 ⛏️ However, restrictions contributed to a rise in artisanal gold mining and smuggling. KP’s nature as a political compromise does not credibly assure that no conflict diamonds are exported into formal markets. 💡How can sanctions be tweaked to better fulfill their purposes? 👉 https://buff.ly/4bNabRQ
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📈 Among commodities like silver, wheat, and natural gas, gold is emerging as a lucrative frontrunner. Reports from J.P. Morgan predict that gold prices could reach a booming average of $2,175/oz by the fourth quarter. Greg Shearer, Head of Base and Precious Metals Strategy at J.P. Morgan noted that "across all metals, we have the highest conviction on a bullish medium-term forecast for both gold and silver over the course of 2024." Dive into the full market outlook: https://bit.ly/4bjGJlR. Let us know your thoughts on the 'year for gold'! ✍️ #CTG #Gold #Silver #Mining #StockstoWatch
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Receive your FREE June Gold Compass here: https://bit.ly/4b9OJok Get up-to-date about current gold market trends in the June Gold Compass. Published by Ximen Mining partners, In Gold We Trust, this monthly report has 60+ pages covering topics such as gold, macro, mining, and silver. Interesting developments for this month include: ▪️ Continued outflows in gold ETFs. (Slide 17-18) ▪️ Junior miners are outperforming. (Slide 29-30) ▪️ Inflation was relatively flat across the board. (Slide 34-36) ▪️ The price of natural gas jumped 30% MoM in May. (Slide 37) #XimenMiningCorp #InGoldWeTrust #Gold #GoldStocks #GoldPrice #GoldInvestment #InvestInGold #PreciousMetals #Inflation #GoldBullion
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