Closing the gold window opened the door to Modern Monetary Theory (MMT)
Official gold reserves currently stand at 261 million ounces. That’s not enough metal to support an economy as large as the U.S.
Latest Stories
China rescues first person from Shandong gold mine
The miner was trapped 14 days below ground by an explosion.
China covid-19 outbreak halts copper price rally
"Commodities had a phenomenal run, and that just screams correction."
Snapshot: key lithium mining projects around the world
Europe makes strides to reduce dependency on Chinese battery supply chain, but downstream won’t be so easy, Fitch says.
TIMELINE: The battle for Simandou
Simandou in Guinea is home to the world's richest untapped deposits of iron ore.
Gold stocks’ upleg intact
Gold stocks’ young upleg remains intact despite January’s sharp selloff.
US rock legend inspiring magnate’s green steel revolution
Fortescue founder Andrew Forrest is “runnin’ down a dream” of a green-powered Australian steel-making renaissance.
SQM shareholders approve $1.1 billion capital increase
The world’s No. 2 lithium producer expects to double its capacity to produce lithium carbonate in Chile.
CHART: US spending less on electric cars than three years ago
New report shows US spending on electrified transport peaked in 2018 with Tesla Model 3 launch. Europe’s spending in 2020 was 4 times larger, surpassing China.
