Gold Anti-Trust Action Committee | Exposing the long-term manipulation of the gold market
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Home > Time Magazine: The new gold rush

Time Magazine: The new gold rush

Submitted by admin on Sat, 2025-10-18 13:29 Section: Daily Dispatches

By Charlie Campbell
Time Magazine, New York
via Yahoo News, Sunnyvale, California
Wednesday, October 15, 2025

KUMASI, Ghana -- Drive an hour south of Kumasi, Ghana’s bustling second city, and before long the dense jungle gives way to denuded hills peppered with rickety timber frames. On every slope, gumbooted workers shovel the tawny earth down to muddy pools in the furrows, from whence the sludge is pumped to the frame’s zenith to gush down a shallow ramp lined with webbed plastic matting. At the base, more workers sweep the outflow with metal detectors.

... Dispatch continues below ...


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Several times a day, the incessant din of diesel engines pauses while the mats are delicately removed and placed in outsize tubs for washing. It’s only then that the glistening purpose of this toil materializes through the murky soup: gold -- tiny flecks, yet with global prices breaching a record high of $4,000 an ounce, valuable enough to render any other labor foolish by comparison.

"I’ve worked galamsey for 15 years," says dad of five Steven, using the local term for wildcat gold mining, as he rests wearily on his shovel. His work here earns 1,000 Ghanaian cedis ($81) each week, he says, or eight times the national minimum wage. "I also work as a driver and grow plantain, cassava, and coconut on my family farm. But the money here is so much better." ...

... For the remainder of the report:

https://www.yahoo.com/finance/news/gold-rush-105413681.html [3]

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"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:

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Source URL: https://www.gata.org/node/24189

Links
[1] https://www.firstmajestic.com/
[2] https://www.firstmint.com
[3] https://www.yahoo.com/finance/news/gold-rush-105413681.html
[4] https://neworleansconference.com/gata/
[5] https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1
[6] http://www.gata.org
[7] http://www.gata.org/node/16
[8] https://www.gata.org/sites/default/files/GATA-silver-round-front.png