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Zimbabweans mend shabby dollar notes amid economic crash
By Farai Mutsaka
Associated Press
via Washington Post
Friday, November 13, 2020
HARARE, Zimbabwe -- Albert Marombe takes a grimy, tattered $1 note and delicately, expertly glues it back into one piece, holding it up for inspection.
"I don't care how torn it is. All I want to see is the serial number being visible on both sides," said Marombe. He'll sell that shabby $1 note for 80 cents and it will get back into circulation. Many shops will reject it but market traders will take it, although at a reduced value.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...
Worn out or shredded by rats, $1 notes are king in Zimbabwe, which is beset by a continuing economic crisis. One-dollar bills are used by many people to buy their daily bread and other small purchases. Crisp new notes are not coming into Zimbabwe, so enterprising traders are repairing old ones for desperate customers.
Formal businesses reject such notes, forcing people to sell them to traders like Marombe for a fraction of their original value. Informal street markets will usually -- with some negotiation -- accept the glue-patched notes that Marombe sells for transactions. Zimbabwe's booming informal economy employs about two-thirds of the population, according to the International Monetary Fund, so there are lots of such dirty dollars in circulation. ...
... For the remainder of the report:
https://www.washingtonpost.com/world/africa/zimbabweans-mend-shabby-doll...
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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