Independent thinking for complex markets and current events
View post on imgur.com The Bank of Korea has made its stance clearโBitcoin has no place in its foreign exchange reserves. Citing concerns over extreme price swings, the central bank dismissed the idea outright, stating that the cryptocurrency simply does not meet the International Monetary Fundโs standards for reserve assets. This decision is not just …
The gold-to-oil ratio just hit its highest levelโsomething that would have sounded like pure fantasy just a few years ago. Mining companies are the ones raking it in right now, and theyโre in the driverโs seat as gold prices climb. Gold has surged almost $1,000 an ounce over the last year, while production costs barely …
The share of US dollar reserves held by central banks fell to 59 percentโits lowest level in 25 yearsโduring the fourth quarter of 2020, according to the IMFโs Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in …
The S&P 500 is at the same level today as it was on the day after the election. It has gone nowhere for two months, amid EPIC levels of bull shit. New highs – lows peaked the week of the election and are now negative. The election gap that was a bear trap on the …
AUSTIN, Texas (Nov. 25, 2024) โ A bill filed in the Texas House would require the state to hold precious metal reserves. This would create a foundation for the Lone Star State to achieve more financial independence and take a small step toward undermining the Federal Reserveโs monopoly on money. Rep. Mark Dorazio filed House …
๐จ๐ท๐บ RUSSIA: FULL TEXT OF NUCLEAR POLICY Russia views nuclear weapons as a last resort, intended only to safeguard its sovereignty and territorial integrity in the face of unavoidable and extreme threats. The decision to use nuclear weapons rests entirely with Putin, who canโฆ pic.twitter.com/KWNbcIzFDk — Mario Nawfal (@MarioNawfal) November 19, 2024 RUSSIA'S MOSCOW EXCHANGE …
— Adam Hamilton 'Gold Stocksโ Secular Breakout' Gold stocks just achieved a major secular breakout to four-plus-year highs.ย A little more rallying will lift GDX to its best levels in nearly a dozen years.https://t.co/jqdO3DIjNV — Peter Spina โ GoldSeek | SilverSeek (@goldseek) October 26, 2024 BREAKING: Central banks now hold 12.1% of global gold reserves, the …
NBP head Glapiลski made sure to note Poland’s credibility and solvency, even with a war going on next door Adam Glapiลski, president of the National Bank of Poland, announced at a press conference on Thursday that โon behalf of all Poles,โ the bank now has 420 tons of gold, making it part of the โexclusive …
by Mike Maharrey Russia reportedly plans to add silver and boost its gold, platinum, and palladium holdings in its state fund next year. This would be the first time Russia has held silver in its state fund. According to anย Interfax report,ย the 2025 budget calls for an allocation of 51.5 billion rubles to buy precious metals …
by Mike Maharrey Tanzania is poised to expand its gold reserves. According toย aย Reutersย report, the East African nation’s mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank. The Bank of Tanzania (BoT) began purchasing gold from local traders and miners earlier …
Each second of every day, this much oil is being produced in Kuwait. ๐ฐ๐ผ pic.twitter.com/hYOOEMzbzE — Hesh (@orbithm) September 3, 2024
This graphic ranks the top 10 countries by the change in gold reserves over the past decade (2013-2023). The figures, measured in tonnes, were compiled by theย World Gold Council. https://visualcapitalist.com/countries-bought-the-most-gold-2013-2023/โฆ Ranked: The Countries That Added the Most Gold Reserves (2013-2023) https://t.co/dYEw9eMSvp by @VisualCap pic.twitter.com/aewTX7WOAa — Jesse Felder (@jessefelder) August 22, 2024
by Mike Maharrey Dollar dominance is slowly ebbing as the world looks to diversify away from the greenback. The share of dollars making up global reserves has dropped by 14 percent since the turn of the century, according toย data compiled by the Atlantic Council. As of 2002, dollars accounted for 72 percent of global reserves. …
https://www.youtube.com/watch?v=ML-lzx9BHUg
True, $AAPL is a huge chunk of Swiss Central Bank reservesโฆโฆ. https://t.co/rI2Pj7VQOV — JustDario ๐โโ๏ธ (@DarioCpx) July 11, 2024 The big boys love this stock. It's also in some central bank holding. If the stock tanks their holding become less valuable, so even if it's shit, they need to keep the price up through all …
Nigeria is bringing its gold reserves home to keep it safe. According toย a report byย The Star, Nigerian officials decided to repatriate the countryโs gold in April โto mitigate risks associated with the weakening U.S. economy.โ โEconomic indicators such as rising inflation, escalating debt levels, and geopolitical tensions have raised apprehensions among Nigerian policymakers about the …
World Central Banks buying gold spree has been the longest since the 1950s and 1960s. As a result, Official world gold reserves reached 1,170 million fine troy ounces, higher than just before US President Richard Nixon broke the US Dollar's link to gold in 1971. Got gold? pic.twitter.com/LR8adyEJrh — Global Markets Investor (@GlobalMktObserv) June 28, …
Inflation has persisted so long now Iโm forced to consider whether the Fed is really as concerned with it as Powell lets on. Maybe they realize the cure could kill the patient? From Peter Reagan forย Birch Gold Group Key Takeaways Deliberate inflation robs us not only of purchasing powerย but of heartbeats The Fed has destroyed …
The 2024 Central Bank Gold Reserves (CBGR) surveyย conducted by theย World Gold Councilย reveals thatย 29%ย of central bank respondents plan toย increase their gold reservesย in the next twelve months.ย This is theย highest levelย observed since the survey began in 2018. The motivations behind these planned purchases include a desire toย rebalance gold holdings, domestic gold production, and concerns related toย financial markets, including …
Kusti Salm, the Ministry of Defenseโs Permanent Secretary, announced his voluntary resignation due to the governmentโs inaction. He cited a critical shortage of ammunition as the reason. Salm had repeatedly proposed increasing Estoniaโs ammunition stocks, but unfortunately, the decision was not taken. He emphasized the need for a โฌ1.6 billion investment to address this shortage. …
China sold $50B of US bonds last quarter.Officially, they buy $25B of gold per year.At that rate, theyโll flip reserves by 2026.They will hold more gold than Treasuries. https://t.co/lZ8D253KoL — Balaji (@balajis) June 2, 2024 Chinese state media is explicit about their goal: reduce dependence on US debt and acquire gold instead[1]. The math on …
The world is witnessing an alarming escalation in gold reserves, hitting levels not seen since the tumultuous 1970s. Central banks have amassed a staggering 21% increase in gold holdings over the past 13 years, surpassing even pre-Nixon era levels. Official world gold reserves have reached 1,170 million fine troy ounces, the most since the 1970s. …
Amidst Biden’s decision to deplete the U.S. Strategic Petroleum Reserve (SPR), China has amassed more oil reserves than the United States. https://twitter.com/amuse/status/1787166197080825967
๐ด Egypt, South Africa, Nigeria, Ghana, Cameroon, Senegal, Algeria, and Saudi Arabia have begun withdrawing their national gold reserves from the United States. #GoldWithdrawal #NationalSecurity #EconomicStrategy ๐ช๐ฌ๐ฟ๐ฆ๐ณ๐ฌ๐ฌ๐ญ๐จ๐ฒ๐ธ๐ณ๐ฉ๐ฟ๐ธ๐ฆ — SilencedSirsโผ๏ธ (@SilentlySirs) April 28, 2024 Fed Chairman Jerome Powell is refusing to divulge information about the U.S. central bankโs gold holdings. Insiders say such information could be …
๐บ๐ธ US net interest and miscellaneous payments on assets by private enterprises $95.2 billion. ๐๐ผ๐๐ฒ๐๐ ๐๐ถ๐ป๐ฐ๐ฒ ๐ค๐ฐ ๐ญ๐ต๐ณ๐ฒ! Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV — Alex Joosten (@joosteninvestor) April 28, 2024 This means …
They knew what was coming. Iran is about to stop oil shipments from the middle east. Soon the only choice will be electric vehicles or Public Transportation. Now you know why they’ve been pushing this so much recently. AC
“Since Q1 ’22, rest of the world has had change of attitude toward the US dollar and fewer people are willing to hold it for reserves and trade; it’s not a flood yet but bad enough to show up in macro-level data; also seeing higher prices hide lower international trade volumes:” Since Q1 '22, rest …
Fed reports its largest loss in history: $114 billion in a single year. That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses. Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K — Peter St Onge, Ph.D. (@profstonge) January 16, 2024 U.S. Banks are facing unrealized …
via schiffgold: Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserveโs monopoly …
I always find this chart staggering to look at. We've never seen the Federal Reserve slow the economy this violently before. Rates went from 0% to 5.33% within 18 months. That's unheard of. https://t.co/KoQ4CsPV0H pic.twitter.com/2vldAWuGei — Financelot (@FinanceLancelot) December 23, 2023 Don't believe that data. If inflation is 10% but official numbers say 5%, then …