Global Initiative against Transnational Organized Crime’s Post

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

Rates seem to be moving. Inflation refers to the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power. It's a key economic indicator that affects decisions in finance, investment, and policy making. #commodities #Inflation #Herdingbehavior

Thomas Parilla this a reponce to post by Charles-Henry Monchau, CFA, CMT, CAIA -Henry Monchau, CFA, CMT, CAIA, OK the #Bitcoin ETP, yet the price of the underlying asset, is under $45,000, $1000 below what it was when the ETF started. 🤔 Understand what was agreed and what this means for the Bitcoin ecosystem. While the post is in reference to the Bitcoin ETF, it also answers your question about Physical #gold and #silver. https://lnkd.in/enbuspy2

Money is information. A currency must move at the speed of information or it will cease to be money. Before telecommunications, the speed of information was the speed of physical matter: the speed of a letter on horseback or a message on a carrier pigeon. In the Internet age, digital (fiat) currency is money because it moves at the new speed of information: light speed. If the banks collapse, we aren’t going back to gold unless the Internet also fails. What’s a money that is bankless, stateless, and moves at light speed? #Bitcoin THAT is your hedge for a US Banking Crisis. Want proof? Check the #BTC-USD chart in March 2023. And then check GLD. Which one would you rather have?

Why have all the leading BRICS nations been buying gold for years? Now it’s more clear than ever. The dollar will be challenged over time. The devaluation of the dollar will accelerate if Biden of replacement is reinstalled this November. If however, President Trump wins and returns to office to lead an America that is still mostly intact, the dollar will rebound and America may become permanently energy independent and our industrial engine rebuilt to restore our ability to operate independently of globalist and Communist led nations.

#Zimbabwe – Nervy gold-backed currency becomes official unit for exchange transactions. 💰 What risks do businesses face as authorities implement the new #ZiG currency? 📉 What are the prospects for slowing #inflation amid regional #drought conditions? 🤔Will the government amend the #constitution if the president cannot run for a third term? Our Insight Members can download the full briefing through the link in the comments section. #Harare #Mnangagwa #Ncube #ZimDollar #maize #gold #mining #forex #riskforecasting #PangeaRisk

Gold Market Update: Impact of Today’s NFP Report As today’s NFP report is released, our team is keeping a close eye on gold’s trajectory. Historically, weaker-than-expected job numbers can drive demand for safe-haven assets like gold, especially as the market anticipates potential Federal Reserve rate cuts later this month. With the Fed's next meeting on September 17-18, we may see a 25-50 basis point cut in rates, depending on the strength of the labor market. These decisions could be a major catalyst for gold prices, potentially pushing them beyond key resistance levels. We're eager to see how today’s economic data and upcoming Fed speeches shape the markets. What are your thoughts on how this will play out? #MarketUpdate #Gold #NFP #FedMeeting #FinancialNews #RPGM

Mining stocks ready for HUUUUUUUUUUUUUUUUUGE upside performance

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

If you are late in on the Awale story, check out Andrews interview on the Dig Deep Mining Podcast. #mining #cotedivoire #gold #copper #greenfields #juniormining #miningnews