SINGAPORE: A foreigner who led an 80-man illegal gold mining operation in Indonesia’s West Kalimantan has been sentenced to five years’ jail and a 50 billion rupiah (US$3.2 million) fine for mining without a permit. The Chinese national, identified only as YH by the Indonesian authorities, was arrested in May and will serve an additional … Read more
New Delhi: Gold prices declined by Rs 200 to Rs 78,100 per 10 grams, snapping a 10-day winning streak, in the national capital on Tuesday, according to the All India Sarafa Association. The precious metal closed at Rs 78,300 per 10 grams on Monday. However, silver remained flat at Rs 92,500 per kilogram on Tuesday. … Read more
Movie Title: Something Like Gold Language: English Running time: 1 hour 46 minutes Release date: 2024 Streaming platform: Netflix Director: Kayode Kasum Cast: Sandra Okunzuwa, Mercy Johnson, Kunle Remi, Timini Egbuson, Samuel Perry, Patrick Doyle, Segun Arinze, Bukky Ogunnote, Olayemi Soyeju, Waliu Fagbemi, Teni Aladese Article Page with Financial Support Promotion Nigerians need credible journalism. … Read more
Scion Asset Management founder Michael Burry is known for betting against the housing market during the 2008 financial crisis. The trade, which netted him $700 million, was chronicled in the award-winning film Big Short. His contrarian approach and unique foresight also prompted trades like buying water assets, forecasting future scarcity, and investing in GameStop before … Read more
Tangible assets like gold appreciate over time because they are limited in supply, have universal demand, and are highly exchangeable worldwide. Gold has been seen as a sign of wealth for many centuries. Its intrinsic store of value and negative correlation to stock markets have made it one of the few asset classes that reached … Read more
American businessman and the author of “Rich Dad Poor Dad,” Robert Kiyosaki, indicated in multiple posts on X this month that the best time to “get rich” is approaching soon. He added that we must overcome a major crash in real estate, bitcoin, gold, and stock prices before markets start climbing for years in late … Read more
New Delhi: Gold prices rose Rs 200 to Rs 73,310 per 10 grams in the national capital on Friday, July 5, in line with global trends, according to HDFC Securities. The yellow metal settled at Rs 73,110 per 10 grams in the previous session. Silver also climbed Rs 350 to Rs 93,400 per kg against … Read more
New Delhi: Gold prices rose Rs 70 to Rs 72,550 per 10 grams in the local market on Tuesday in line with firm global trends, according to HDFC Securities. The precious metal had closed at Rs 72,480 per 10 grams on Monday. However, silver prices plunged by Rs 400 to Rs 91,500 per kg. In … Read more
New Delhi: India’s gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to USD 10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic … Read more
Thursday, June 6, marks the 80-year anniversary of D-Day, the day of the greatest military invasion in modern history. Codenamed “Operation Overlord,” D-Day (June 6, 1944) began at 6:30 am when an Allied force of 156,000 troops made up of primarily Americans, Britons, and Canadians landed on five beaches stretching 50 miles along a heavily … Read more
