Diamond News Archives
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The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued on last week. Some of those payments include "plus-up" adjustments for people who received less money than they were entitled to in earlier checks.
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(IDEX Online) - A South African village is in the grip of a diamond rush, after a herd man dug up an unidentified stone on Saturday.
More than 1,000 people have since flocked to KwaHlathi, in KwaZulu-Natal province, armed with picks, shovels and forks in the hope of making their fortune.
The stones have yet to be identified but that hasn't deterred the crowds, nor have concerns about who owns the land.
Stones have reportedly been changing hands for between 100 and 300 rand ($7.24 to $21.73).
The provincial government is urging prospectors to stay away, because of concerns over the spread of coronavirus.
Screen grab from Newzroom Afrika...
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Demand should also be strong, as one in five central banks intend to increase reserves over the next year, according to the World Gold Council.
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Stressed companies piled on debt as interest rates plummeted, but could face a reckoning in the next economic downturn. Total debt for nonfinancial companies has reached about half the size of the U.S. economy.
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"Contrived scarcities, in principle, could be gone tomorrow if the government’s economic policies fostering, creating and sustaining them were abolished and eliminated. The individual’s freedom of choice and action as both consumer and producer will have been more fully restored with a less...
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