But in late September, authorities slashed the value of the new gold-backed currency by more than 40 percent. The ZiG is only one of several attempts Zimbabwean authorities have made to introduce ...

Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the ...

Six months in, the gold-backed ZiG touted as a solution to the currency crisis is struggling to win confidence.

A looming American debt default is a favourite; the supposed launch of a gold-backed currency by China and Russia is a new and even more fantastical forecast. But today there are more people ...

Gold prices have been on a tear all year, but the love hasn't transferred to exchange-traded funds that invest in the precious metal. But now, the tides are turning.

The Africa Report Zimbabwe’s economic instability is deepening, deterring international investment and eroding confidence in ...

Zimbabwe’s gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is ...

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join ...

As Gold prices continue their unstoppable surge higher, scaling new all-time record highs for a fifth consecutive quarter in a row – analysts at GSC Commodity Intelligence have dubbed this the ...

Economist and investor Lynette Zang sits down with Sound Money Defense League’s Jp Cortez for a powerful discussion on the ...

Another week and another all-time record high for Gold prices. That’s one of the most lucrative trends of the current Commodities Supercycle, which shows no signs of slowing down anytime soon!

For example, a currency backed by gold could see a sharp drop in purchasing power if the supply of gold suddenly increased due to new mining activity. Conversely, a change in demand for gold could ...