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#gold

50 posts34 participants3 posts today

Tanami Desert mine to build Australia's deepest gold shaft
By Victoria Ellis

One of the country's most remote mines is getting a billion-dollar upgrade, taking gold production deeper into the Tanami Desert as gold prices hit record highs.

abc.net.au/news/2025-04-14/new

ABC News · Remote Tanami mine digs deeper as gold prices hit record highsBy Victoria Ellis

Hydro project in 'recycled' gold mine could power 2 million homes
By Nikki Sorbello

A Queensland gold mine at the end of its life could one day be converted into a renewable energy project capable of powering up to two million homes a day.

abc.net.au/news/2025-04-12/mt-

ABC News · Pumped hydro plan for Mt Rawdon mine gets $50m boost from state governmentBy Nikki Sorbello
Continued thread

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Many nations before have experienced the same deflation of importance and influence. England, France, Spain, Portugal, China, and so on. And in each circumstance where a new global reserve currency enters the stage, there’s a greater chance of a transition through war, rather than a peaceful transition.

This leads to the present day and US President Donald Trump, who has stated that he does not like trade deficits.

I remember when #Bitcoin was relatively new and #Gold was having a bullrun. I was one of the muppets without a proper #economics education who bought the latter near the top, and never bought the former. So I still have to work.

Never sold my precious metals ETFs, though. I figured it was a sunk cost, maybe one day my great-grandkids would thank my ghost for holding on to them.

But.... here we are. Dusting off the old bookmarks. Watching this chart again. 🍿
kitco.com/charts/gold

Fears of a sharp downturn in the global #economy have sent #markets convulsing again, w/action focused on #currencies & #bonds as the escalating #US#China #TradeWar has investors fleeing #dollar-based assets.

Stock futures in Europe pointed to a subdued open but the Swiss #franc reached a 10-yr high & the #yen was its strongest in 6 months. #Gold prices resumed their march to successive record highs & the #euro rose to levels not seen since Feb 2022.

King dollar no more.