WELCOME TO THE FUTURE? 🤔
The Central Bank in Zimbabwe has accumulated nearly a ton of gold since introducing a law that forces mining companies to pay part of their royalties using gold.
Now, they are working on backing the nation’s currency with gold.
Zimbabwe has applied…
There is a rush for copper...
This space is heating up.
Watch for high-grade assets in safe locations to generate significant interest from mainstream investors and big corporates.
These high-grade deposits are becoming harder and harder to find.
There is a rush for copper...
This space is heating up.
Watch for high-grade assets in safe locations to generate significant interest from mainstream investors and big corporates.
These high-grade deposits are becoming harder and harder to find.
As I have been saying,the threat of losing $$ supreme reserve status will be a national security issue.But when you need to force countries to use your currency,you have lost the battle
@GoldTelegraph_
The World Bank is warning that commodity prices could keep inflation high.
You can't print minerals.
Inflation starts with the periodic table.
This is truly the definition of first principles.
Russia is confiscating nearly $500 million of assets from JP Morgan as the country continues to stockpile gold.
This is the bank that was caught spoofing the gold price for years.
Russia should send a thank you note.
BREAKING NEWS
CHINA'S FINANCE MINISTRY HAS EXPRESSED SUPPORT FOR PLANS TO EXPAND THE PEOPLE'S BANK OF CHINA'S TRADING OF GOVERNMENT BONDS THROUGH OPEN MARKET OPERATIONS.
Money printing.... why not?
Former President Donald Trump's economic advisors are exploring strategies to discourage countries from moving away from the dollar.
Interesting...
If the United States did not feel threatened would this even be a discussion?
We are living in a period when nearly $300 billion of a country's assets could be confiscated like a light switch.
As
@Frank_Giustra
said yesterday,
This is where the power of gold, being a neutral asset, shines bright.
China is buying oil from Russia at record speed without using the dollar.
China is the biggest importer of oil.
It is not a secret that China and Saudi Arabia are starting to get much closer.
This is what change looks like.
It does happen overnight.
We are in the middle of a financial war as we see nations scrambling for minerals that many have not clued in on yet.
They eventually will.
As more and more currencies decay vs. these hard assets… life will serve as the teacher.
The copper market is starting to heat up.
BHP has proposed a US$ 39 billion acquisition of Anglo-American, putting the company on a path to become the world's largest copper producer.
The giants are waking up.