All PM miners were taken down. Hopes for an early CC settlement based on new law have faded as Egyptian judges take everyone for a ride.
The idea is that they have a vested interest in keeping the price of gold as low as possible, thus taking away one of the barometers of financial mayhem. The theory goes that they have been secretly selling the reserve for at least 30 years and thus suppressing the price as much as possible. This may or may not include selling the reserves of other nations that the Fed holds in trust, like Germany, hence the long repatriation charade.
The US is already in technical bankruptcy as the total of their assets is outweighed by all present and future liabilities. Only the hope of further exponential growth can save the dollar. I would not bet on that.
No need as long as the mine remains open. Keep calm and carry on mining.
Only if they lose the case and the contract goes back to negotiation. Its not really up to the courts to determine the terms or even if it is "fair", only the legality of the contract.
Amazing since only 170,000 tonnes was ever mined in human history. Pompous Jerk.
Comments like that only encourage him.
What is it about chartists and egos?