One gram of gold now equals a month's wage for Iranian workers
Submitted by admin on Sun, 2025-12-21 12:17 Section: Daily DispatchesFrom Iran International, London
Sunday, December 21, 2025
An Iranian labor representative said soaring prices have eroded wages to the point where one gram of gold now equals a full month's minimum pay for a worker.
"Today one gram of gold is equal to a full month's minimum wage for a worker," said Habib Sadeghzadeh Tabrizi, an inspector with the country's High Council of Islamic Labor Councils.
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Agnico-Eagle's Boyd: 'The guys running the printing presses are buying gold'
Submitted by admin on Sat, 2025-12-20 16:07 Section: Daily Dispatches4:08p ET Saturday, December 20, 2025
Dear Friend of GATA and Gold:
Sean Boyd, former chief executive and current board chairman for Agnico-Eagle Mines, the third-largest gold mining company, tells The Gold Telegraph's Alex Deluce that the monetary metal's future seems especially bright because "the guys running the printing presses are the guys buying gold now."
That is, central bankers.
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Mining entrepreneur Eric Sprott reviews a great year for the monetary metals
Submitted by admin on Fri, 2025-12-19 21:11 Section: Daily Dispatches9:11p ET Friday, December 19, 2025
Dear Friend of GATA and Gold (and Silver):
On behalf of Sprott Money, Craig Hemke today interviewed Canadian mining entrepreneur Eric Sprott for their 2025 yearly review and they celebrated what seems like the imminent triumph of the monetary metals.
Sprott notes that the usual price smashes in the New York futures market now are often reversed within an hour and that physical prices are now being set in Shanghai.
Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
Submitted by admin on Thu, 2025-12-18 10:28 Section: Daily DispatchesBy Nelson Banya
Reuters
Wednesday, December 17, 2025
HARARE, Zimbabwe -- Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups.
A royalty rate of 5% would continue to apply for gold prices between $1,200 and $5,000 per ounce, according to the revised budget bill, which was approved by Zimbabwe's lower parliament chamber in the early hours of Wednesday following lengthy debate.
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Ivory Coast miners start paying higher royalties after failed resistance, sources tell Reuters
Submitted by admin on Tue, 2025-12-16 17:08 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Tuesday, December 16, 2025
Gold mining companies in Ivory Coast have begun paying a new 8% royalty on revenue, backdated to January, after months of disputing the legality of the levy, three industry sources told Reuters.
Reuters previously reported that the top cocoa producer, which is seeking to diversify its economy, replaced the previous 3% to 6% range linked to contract terms with the flat 8% rate.
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China is quietly destroying the dollar ... and that'll cost you
Submitted by admin on Tue, 2025-12-16 16:45 Section: Daily DispatchesBy Charlie Garcia
MarketWatch, New York
Tuesday, December 16, 2025
China controls the rare earths. China controls the cobalt. China, through its Belt and Road spending spree, now controls most of the mines in Africa that produce the stuff inside your phone, your car, and your refrigerator.
And now China has figured out how to price and settle all of it without using a single U.S. dollar.
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