Earnings360 Newsletter for 9/25/2024

Police in eastern Congo once found twelve gold bars and $800,000 hidden under a car seat. A Swiss research group later uncovered a bigger gap: 435 tonnes of gold, more than a tonne a day, leaving Africa with no export record anywhere on Earth.

Ghana banned foreign gold traders and raided a house 48 hours later, arresting ten Chinese nationals. Meanwhile China has logged twenty straight months of official gold buying, with outside estimates suggesting the real total is nearly five times what Beijing reports.