The west wants to punish Russia for the war in Ukraine, but there are huge potential downsides.
Russian President Vladimir Putin delivers a speech before presenting the Russian Hero of Labour gold medals in June 2023.
(Gavriil Grigorov, Sputnik, Kremlin Pool Photo via AP)
Russia has tied its currency to gold to evade sanctions. Shifting the ruble away from a pegged value and into the gold standard itself is aimed at making it a credible gold substitute at a fixed rate.
Aerial view of the Pinto Valley copper mine, located on private and U.S. national forest lands in Gila County, Ariz.
Wild Horizon/Universal Images Group via Getty Images
Hard rock minerals like gold, silver, copper and lithium on public lands belong to the American public, but under a 150-year-old law, the US gives them away for free.
History shows how conflicts can create uncertainty that can rattle financial markets. This could feed into consumer price inflation, keeping it higher for longer.
A community centred approach is key to making headway in the battle against illegal mining
The Osun River has become turbid and unsafe for consumption - threatening its cultural and biodiversity significance. Photo by: Stefan Heunis/AFP via Getty Images.
from www,gettyimages.com
The Ghanaian currency is facing structural hurdles.
Mansa Musa, the king of Mali, approached by a Berber on camelback, from The Catalan Atlas, 1375.
Attributed to Abraham Cresques/Bibliothèque Nationale de France/Wikimedia Commons
Trees that produce resin for frankincense and myrrh – used for thousands of years in healthcare, worship and trade – are facing collapsing populations.
US President Richard Nixon’s decision to end the US promise to convert dollars into gold changed the global financial system.
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Nixon’s decision left the IMF without a clearly defined role. Under the leadership of the industrialised countries, it began to fashion a new more intrusive and ideological role.