Concerns are mounting about whether the world has reached “peak gold” after the price of the commodity soared to a record high last month. The coronavirus has plunged the U.S. economy into a recession since February and the ongoing financial carnage has prompted investors to hedge against that volatility, driving gold prices past $2,000 per ounce for the first time in history in August. Rising political uncertainty in the U.S. is another reason demand for gold is rising with UBS recently warning its clients to buy safe-haven assets such as gold in case there is a contested presidential election that leads to further stock market volatility.
The level of demand for the precious commodity is now prompting serious questions about whether global gold reserves are being exhausted. Indeed, some experts think we have already reached “peak gold” with yearly production largely levelling off in recent years. In fact, mining is
Born in Tanzania in 2014, Magawa has since age 2 enjoyed a highly successful career detecting land mines in Cambodia. So far, he’s found 39 land mines and 28 items of unexploded ordnance, according to Apopo, a global nonprofit started in Belgium that breeds and trains rats for humanitarian work such as sniffing out land mines and tuberculosis.
Magawa’s impressive record makes him Apopo’s most successful working rat, or “HeroRat,” to date. It also makes him the first rat in UK animal charity PDSA’s 77-year history of honoring critters to win a coveted PDSA Gold Medal. Other animals to receive the award have included dogs, horses, a pigeon