News, Rumors and Opinions Monday Night 1-18-2021
TNT:
Shybaby: Gold in the Philippines: How much is it really worth?
Country sits on billions worth of gold deposits
HIGHLIGHTS
Does the Philippines actually sit on "mountains of gold"?
All the gold in the world is worth about $8 trillion
Local communities must deal with mine tailings laden with cyanide, a highly toxic chemical, and a key ingredient in extracting gold and silver
The country reportedly holds the world’s second-largest gold deposits
Income from mining is finite; consumed by the present generation
Dubai: Gold is one of the rarest and priciest metals. The Philippines, it's been said, sits on "mountains of gold". This epithet needs a closer look.
Figures from the Mines and Geosciences Bureau (MGB), a government agency, show that the country produced (MT) of 20.765 metric tonnes (MT) of gold in 2018, valued at $866.72 million (Php44.8 billion, Dh3.14 billion).
It was slightly down from the previous year (2017), when the Asian country produced 22.749 MT of gold, valued at Php46.79 billion ($894.64 million, Dh3.2 billion), MGB data show.
The yellow metal is a hugely important part of the global economy, with total output from the world's gold mines at 3,150 MT in 2017, valued at $146.58 billion.
20.765 metric tonnes of gold produced by the Philippines in 2018
About half of the world's gold production ends up as jewellery, some 10% for industrial use, while one-third goes into bars and coins held by monetary authorities and central banks around the world.
Gold is traded daily, bought and sold by individuals, funds and banks. Price is dictated by supply and demand. Currently, all the gold in the world is worth about $8 trillion.
Traces of gold found in rocks. To extract the gold, the ore is crushed, then the gold is separated from the ore by various methods. The Philippines' Mines and Geosciences Bureau (MGB) figures show that the country produced 20.765 metric tonnes (MT) of gold in 2018, valued at $866.72 million (Php44.8 billion, Dh3.14 billion).
About half of the world's gold production ends up as jewelry, some 10% for industrial use, while one-third goes into bars and coins held by monetary authorities and central banks around the world.
Gold is traded daily, bought and sold by individuals, funds and banks. Price is dictated by supply and demand. Currently, all the gold in the world is worth about $8 trillion.
More....
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KTFA:
Don961: January 25 .. Davos conference kicks off, with the participation of 1,500 economic leaders
Posted 2 minutes ago
News source / Independent Press Agency
The Independent / - Davos Economic Forum announced the participation of prominent country leaders in its annual conference, which will be held this year due to the hypothetical Corona pandemic.
And as the forum announced, the hypothetical "Davos Agenda Week", which will be held from 25 to 29 January, will be attended by Chancellor Angela Merkel, French President Emmanuel Macron, as well as Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, in addition to many others. Among the representatives of international organizations such as the Secretary-General of the United Nations, Antonio Guterres.
According to the Davos Foundation, more than 1,500 economic, government and civil society leaders from more than 70 countries will participate.
A second meeting is expected to be held in person in Singapore at the end of next May , in which government and economic leaders will participate. During this meeting, the results of the hypothetical meeting will be discussed.
For his part, Klaus Schwab, founder of the forum, said today, Monday: "In light of the Covid-19 pandemic , the need to set new priorities and reform systems in all parts of the world has become stronger ."
He added that "re-creating trust and strengthening global cooperation" are critical factors "to support innovative and courageous solutions to promote a robust recovery from the pandemic." Referring to the Singapore meeting that will take place in person, Schwab said: “Business
Networking is important , of course, but personal communication is important in order to create a level higher m women pray in confidence. "
The post January 25 ... The start of the Davos conference with the participation of 1500 economic leaders appeared first on the independent press agency. LINK
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Monday Night X22 Financial Report
Ep 2381a – Economic Foundation Built, Time Is Up For The [CB]
The time has come, Trump and the patriots have built the foundation for the next economy. An economy without the [CB], this has been planned a long time ago. The [CB] is losing control and now it is time to take back our economic future.
https://x22report.com/aiovg_videos/ep-2381a-economic-foundation-built-time-is-up-for-the-cb/
Be Ready For Higher Taxes , Soaring Gas & Food Prices & Runaway Inflation !!
The Atlantis Report: Jan 17, 2021
Be Ready For Higher Taxes , Soaring Gas & Food Prices & Runaway Inflation A wise man once said ,you can't tax your way out of debt, and you can’t spend your way into prosperity. A government big enough to give everything is a government big enough to take everything.
For anyone who has their investments tied up in dollars, which are going to be inflated away with the Federal Reserve's endless money printing: No safe can keep your money safe when a corrupt government controls the printing press.