Tag Archives: Gold

Calls for accountability over latest death at South African gold giant

South Africa’s government faced demands to hold gold giant Sibanye-Stillwater accountable after the latest deaths at its mines. The firm was accused of “serious lack of care for black mineworkers” after a man was killed. The National Union of Mineworkers (NUM) condemned the firm in a statement on Tuesday after the miner was killed in the Number 1 shaft at ...

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Not-so-snow White: Shaun White’s snowboarding gold clouded by sex assault allegations

US snowboarder Shaun White romped to a record-breaking third gold medal at the PyeongChang 2018 Winter Olympic Games on Wednesday, but his celebrations were overshadowed by the resurfacing of past sexual assault allegations. White’s 97.75 in the men’s halfpipe on Wednesday ensured that he became the first snowboarder in history to win three Olympic gold medals. The American had previously ...

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Gold medal for enthusiasm: All eyes on N. Korea’s cheerleaders in PyeongChang (VIDEOS)

North Korea’s cheerleading squad has become the unlikely center of attention at this year’s Winter Olympics, mesmerizing audiences with their highly synchronized routines. The 229-member cheer squad are part of a last-minute North Korean delegation to the Winter Olympics in PyeongChang, South Korea. Dressed in matching red tracksuits, the group sings and cheers in unison, competing with the athletes for ...

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Bitcoin better than gold & will be worth $340,000 – cryptocurrency billionaire Winklevoss

Bitcoin has the potential to grow up to 40 times its current value, according to cryptocurrency billionaire Cameron Winklevoss, who described the leading digital currency as “better than gold”. “Taking bitcoin in isolation… we believe bitcoin disrupts gold. We think it’s a better gold, if you look at the properties of money. And what makes gold gold? Scarcity. Bitcoin is ...

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Africa’s second-biggest oil exporter wants to diversify into gold

OPEC member Angola wants to expand its commodity mix into gold and hopes to start producing small quantities of the precious metal next year, its oil and mineral resources minister Diamantino Azevedo told Reuters on Tuesday. The minister does not expect OPEC to impose deeper cuts to its member states this year, and told Reuters that Angola would not exceed ...

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Russian banks ramping up gold purchases at record pace

The Russian government has purchased two-thirds of all the gold mined in country, buying it from local banks to add to reserves as the Kremlin sees the precious metal as a safe haven at a time of geopolitical turbulence. “For banks, this is good business. They credit mining companies, which return the loan with the gold they extracted. Then banks ...

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Gold price could smash $10,000 on crashing dollar & other factors – Jim Rickards

A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. Read more “This is gold’s breakout year. We are in the third bull market of my lifetime – and we have a very long ...

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Toilet humor: Museum refuses White House request for Van Gogh, offers gold lavatory instead

The Guggenheim Museum has reportedly denied a request from the White House to borrow a Van Gogh painting for the president’s living quarters. Not to be uncharitable, the museum is said to have offered a golden toilet instead. READ MORE: A throne fit for a king: Golden toilet available for use at the Guggenheim Hoping to hang ‘Landscape With Snow’ in ...

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Investors dump US dollar & rush to gold

The gold price rose to its highest level in more than a year on Thursday as investors seek a safe haven after the US dollar dipped to a three-year low against a basket of six major currencies. The precious metal rose as high as $ 1,370 during the trading session before dropping six dollars, but still trading in the green compared ...

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New global gold standard in kilobar may soon be coming

The World Gold Council (WGC) is considering a global standard for 1 kilogram gold bars so they could be used as collateral in futures markets and potentially encourage demand. People close to the matter told Reuters the aim is to include companies from the world of gold refining, banks and brokers that trade the precious metal in the futures and ...

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