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IVZ media thread, page-7056

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cdoyle

775 Posts.

273

17/07/24

07:36

Post #: 74784959
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Originally posted by oilfarmer: ↑

Zimbabwe Central Banker Stockpiles Gold in a Move to Bolster ZiG Currency

Governor targets gold reserves of over three tons by year-end

Gold coins scrapped, redirected to build up bullion reserves

Zimbabwe’s new central bank Governor John Mushayavanhu is building up the nation’s gold reserves to help support the ZiG currency, taking steps that have so far helped curb exchange-rate volatility and an inflation spiral.

“In the 100 days that I have been in office we have increased those reserves by about 30%.

We are now on about $370 million worth of reserves,” Mushayavanhu told Bloomberg in an interview from his office in the capital, Harare.

“These have been increased through royalties that we are collecting from mining companies, we are making steady progress.

By the time we get to the end of the year we should be talking of no less than three tons of gold.”

https://www.bloomberg.com/news/articles/2024-07-16/-usd-zwg-zimbabwe-central-bank-chief-boosts-gold-reserves-to-back-zig?embedded-checkout=true

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3 tonnes of gold by the end of the year? Get some money into Scotty's pocket and he'll give you 100 billion barrels of black gold by the end of the year.

IVZ Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.3¢		Change 0.002(2.82%)		Mkt cap ! $103.5M

Open	High	Low	Value	Volume
7.3¢	7.4¢	7.1¢	$176.0K	2.404M

Buyers (Bids)

No.	Vol.	Price($)
3	230132	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	20500	1

View Market Depth

No.	Vol.	Price($)
3	230132	0.073
4	108310	0.072
8	1426718	0.070
4	224592	0.069
5	346625	0.068

Price($)	Vol.	No.
0.074	20500	1
0.075	201858	5
0.076	690227	4
0.077	528285	3
0.079	576000	4

Last trade - 16.10pm 18/07/2024 (20 minute delay)

IVZ (ASX) Chart