With gold and silver continuing to sell off as the Iran war continues on, and the oil price stays elevated, precious metals investors are wondering when we will ever see the rally resume.
Many of these companies have already made massive cash commitments for buildouts that require full cash-outs, even if they never complete construction or produce any significant services.
African Business Insider reports that the new refinery is expected to “capture more value from its gold production, formalize small-scale mining, and diversify its mineral exports.”
If it’s stored on a computer, it could be hacked. Given the probable rise of AI-assisted cybercrime, holding physical assets such as gold or silver will become increasingly important.
An Economist/YouGov poll earlier this month found that inflation and prices are the top concern among Americans by a wide margin. And in second place were jobs and the economy.
Despite its best efforts, the West has found it difficult to stop Russia from using gold due to its fungible nature (easy to exchange) and global demand for the precious metal.
