Kitco News
(Kitco News) – Doubleview Gold (TSX-V: DBG) announced Wednesday that it reached a communication and engagement framework with the Tahltan Central Government (TCG).
The post Doubleview Gold apologizes to First Nations, announces engagement agreement appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Indian mining giant Vedanta announced today that in India, its mined zinc-lead-silver metal production for Q2 2021 was 221,000 tonnes, up 9% as compared to Q2 2020 primarily due to higher ore production at the world’s second largest Rampura Agucha zinc mine.
The post Indian mining giant Vedanta boosts quarterly zinc production appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver prices are higher in midday U.S. trading Wednesday, with gold notching a three-week high.
The post Gold, silver get a lift as Fed’s Powell leans easy on money policy appeared first on WorldSilverNews.
Wall Street Silver
Wed, 07/14/2021 – 03:20
Bloomberg/Swansy Afonso/7-11-2021
“With the pandemic pushing millions into poverty or bankruptcy, many Indians are now turning to their last resort: selling their gold jewelry to make ends meet. In rural India, the biggest bullion buyer, a brutal new wave of the virus has had a catastrophic impact on the economy and incomes. With fewer banks around, people in rural areas rely on gold in times of need as it can be easily liquidated.”
USAGOLD note: In India, gold is savings. People tap their savings if need be. That draw down, however, does not correlate with a sudden loss of faith in gold’s value. If anything, it will enhance it. Down the road, those forced to sell gold are likely to buy it back as circumstances improve.
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FoxBusiness/Staff/7-12-2021
“Inflation’s here for a while. We’re getting the whirlwind of what was done last year and the year before. Even before COVID, the Fed was printing too much money. They went on a binge last year, perhaps for understandable reasons, but they overdid it.”
USAGOLD note: Steve Forbes stakes ground in the entrenched camp, warns that if Congress continues with the heavy spending we will “get the kind of inflation that affected us in the 1970s…”
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