Why Are Famous Billionaires Buying This Gold Miner?

Gold legends-Eric Sprott, Goldcorp founder Rob McEwen, and Kinross founder Bob Buchan-each own a sizable stake in a small Nevada gold miner. Why? Because it's already producing gold, has major infrastructure in place, and sits in one of the world's top gold mining regions. When billionaires get in early, there's a reason.

A quick look back at this week’s biggest stories

The Associated Press
August 09, 2025

It's been a busy news week. If you're just catching up, here's a look at the top stories of the week of Aug. 3 -- as well as some lighter content.

-- Trump's tariffs come into force

The United States began imposing tariffs of 10% or higher on goods from more than 60 countries and the European Union on Thursday. The economic fallout from President Donald Trump's tariff policy has already hit the U.S. economy, with growth and job gains slowing and inflation ticking upward.

Read our detailed analysis of the tariffs, what U.S. consumers can expect from them, and look at our collection of photos. Dive deeper into the tariffs on computer chips.

-- Israel says it will occupy Gaza City

Israel said Friday it plans to take over Gaza City, a major escalation of its war with Hamas as the Gaza Strip moves toward famine. Israeli Prime Minister Benjamin Netanyahu said this was needed to remove Hamas. Critics say it will lead to more Palestinian death and displacement.

Read our analysis of what's coming next, and the story of a young surgeon trying to save lives at a crippled Gaza hospital. Watch this photo gallery of Palestinians trying to get food aid, a video that shows what they eat day-to-day, and see the destruction of the territory from the air.

-- Trump agrees to meet Putin on Ukraine

After threatening new sanctions if Russia failed to agree to a ceasefire in Ukraine this week, the White House said Trump was ready to meet with Russian leader Vladimir Putin. The meeting, scheduled for Friday in Alaska, would be seen as a diplomatic coup for Putin.

Read our analysis of what led to the planned meeting, past meetings between Putin and American presidents, and what Ukrainian soldiers think about the prospect of peace.

-- Away from the headlines

If you're looking for lighter content, meet the woman on a mission to visit every single museum in New York City, or read about a monkey sanctuary in Mississippi helping military veterans with PTSD.

See the week in global photos, our top photos from Latin America, a gallery of people from Hiroshima looking for victims 80 years after the atomic bombing - and photos of a Roma performer fighting discrimination, one Elvis song at a time.

Continue Reading...

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Japan's chief trade envoy postpones US trip as Tokyo calls for faster action on its tariffs deal

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Why Are Famous Billionaires Buying This Gold Miner? - Ad

Gold legends-Eric Sprott, Goldcorp founder Rob McEwen, and Kinross founder Bob Buchan-each own a sizable stake in a small Nevada gold miner. Why? Because it's already producing gold, has major infrastructure in place, and sits in one of the world's top gold mining regions. When billionaires get in early, there's a reason.

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Today's Top Gold Stock Trading Around 50 Cents? - Ad

The founders of Kinross, Goldcorp, and Kirkland Lake have bought into a low-priced Nevada miner that's already pouring gold. The operation is active, the infrastructure's in place and yet the market hasn't caught on. It has a startup-price, but it's probably not long before word gets out about the legends who are baking this company.

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How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

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Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Business News Digest

Here are the AP’s top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP’s coverage, visit AP Newsroom’s .

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