Kitco News
(Kitco News) – Today, Ivanhoe Mines (TSX: IVN) announced that Kamoa Copper has signed copper concentrate and blister copper off-take agreements on competitive arm’s-length commercial terms, for 100% of Kamoa-Kakula’s Phase 1 copper output, which is projected to be approximately 200,000 tonnes of copper per year.
The post Kamoa-Kakula’s phase 1 copper output reserved for Zijin and CITIC appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices are seeing mild losses in late-morning U.S. trading Wednesday. Bullish technical chart postures remain in place for both metals and that’s keeping the markets afloat.
The post Gold languishes amid scant risk aversion at present appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
In the last couple of weeks international media sources have stumbled all over each other to report the victory of NGOs and activist shareholder groups over international oil and gas majors.
The post Climate Activists and IEA’s LaLa-Land Approach to Push Oil Prices Significantly appeared first on WorldSilverNews.
Insignia Consultants
Wed, 06/09/2021 – 10:05
World Gold Council/Staff/6-8-2021
“Central banks continue to be positive on gold, with roughly the same number of central banks expected to buy gold compared to last year. Gold’s performance during periods of crisis has risen to become the top reason for central banks to hold gold.”
USAGOLD note: I can remember a time – way back when – when nearly every mainstream media report on gold, particularly when the price was declining, included the reference “due to the threat of central bank gold sales.” According to this survey from the World Gold Council, 21% of the world’s central banks intend to add gold to their reserves this year and 68% intend hold on to what they’ve got.
Graphic courtesy of World Gold Council • • • Click to enlarge
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Mises Institute/Ludwig von Mises/6-5-2021
“The struggle against gold, which is one of the main concerns of all contemporary governments, must not be looked upon as an isolated phenomenon. It is but one item in the gigantic process of destruction that is the mark of our time. People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty.”
USAGOLD note: This article is excerpted from von Mises’ Human Action published in 1949. It is a refutation of John Maynard Keynes’ reference to the gold standard in 1944 as a “barbarous relic” and one of the most concise, realistic and principled available even now over seventy years later. It is unlikely we will ever go back to the gold standard. Such is the stuff of dreams, but if we have learned anything at all during the last fifty years of the fiat money system, it is that gold has proven to be an adequate and reliable hedge against its excesses.
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