from Boring Currency:
TRUTH LIVES on at https://sgtreport.tv/
Zimbabwe is launching gold-backed digital tokens: What you need to know
by Myra P. Saefong, Market Watch:
Zimbabwe is looking to gold to “expand value-preserving instruments,” launching a gold-backed digital currency last week as the nation suffers from hyperinflation and its currency continues to diminish in value.
The move is an “interesting experiment to see if locals will warm up to a more stable currency and trust the nation’s central bank in its endeavors,” Peter Spina, president of GoldSeek.com, told MarketWatch.
The Reserve Bank of Zimbabwe said it was issuing the gold-backed digital tokens in a move to “expand value-preserving instruments” available in the nation’s economy, as well as “enhance the divisibility of the investment instruments and widen their access and usage by the public.”
GOLD PRICE ROSE BY $0.35 TO $1919.15//SILVER WAS DOWN 8 CENTS TO $22.91
by Harvey Organ, Harvey Organ Blog:
GOLD PRICE CLOSED: UP $0.35 TO $1919.15
SILVER PRICE CLOSED: DOWN $0.08 AT $22.91
Access prices: closes 4: 15 PM
Gold ACCESS CLOSE 1919.00
Silver ACCESS CLOSE: 22.91
Shanghai Gold Benchmark Price
USD oz 
AM1973.52
PM1973.83
Historical SGE Fix
New York price at the time: $1920.00
premium $53.00
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Bitcoin morning price:, $25,832 DOWN 45 Dollars
Bitcoin: afternoon price: $25,790 DOWN 87 dollars
Platinum price closing $895.35 DOWN $14.15
Palladium price; $1198.00 DOWN $19.90
END
Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading
I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS
CANADIAN GOLD: $2,618.13 UP DOWN 7.80 CDN dollars per oz (ALL TIME HIGH 2,775.35)
BRITISH GOLD: 1540.00 UP 2.20 pounds per oz//(ALL TIME HIGH//CLOSING///1630.29)
EURO GOLD: 1793.31 DOWN 0.50 euros per oz //(ALL TIME HIGH/CLOSING//1861.21)//
Why Rick Rule Sold 80% of His Silver but Says Don’t Sell Gold
by Craig Hemke, Sprott Money:
Silver has surged from $20 to $75 and Rick Rule explains why the recent pullback may simply be a correction inside a much larger precious metals bull market. This is essential listening for anyone looking to buy gold, buy silver, or understand where the silver price and gold price are headed next.
Zimbabwe gold-backed currency undervalued against dollar – central bank
from RT:
The ZiG should be trading at around 15 to the greenback, rather than the official rate of about 25, Reserve Bank chief John Mushayavanhu has said
Zimbabwe’s gold-backed currency (ZiG) is undervalued by nearly half and should be trading much stronger against the US dollar, the southern African nation’s central bank has said.
Reserve Bank of Zimbabwe Governor John Mushayavanhu said on Friday that the ZiG should be valued at around 15 to the US dollar, compared with the official rate of about 25, Bloomberg reported on Monday.
Silver is Becoming a Systemic Risk
by Graham Summers, Activist Post:
I want to talk to you about what is happening with silver today.
As you no doubt are aware, silver has gone parabolic, rising from $45 per ounce at the end of October to over $85 per ounce today. Throughout that period, the precious metal has had only two significant down days!
Now, obviously there are multiple fundamental reasons for this move. As I’ve noted, the current macro backdrop is EXTREMELY bullish for risk assets, specifically inflation hedges.
SRSROCCOREPORT INTERVIEW: Have The Fundamentals For Precious Metals Changed?
by Steve St. Angelo, SRSRocco Report:
It’s been a while since I chatted with Patrick Vierra, so it was nice to discuss what is happening in the Global Markets and Precious Metals. Patrick had been doing interviews at Silver Bullion PL in Singapore, but has now moved to Auctus Metal Portfolios, also in Singapore.
I really like Patrick as an interviewer because he tends to stay away from the hype, even though he interviews most of the same people in the precious metals community.
India Unleashes Silver as Banking Collateral with 10-to-1 Gold-Silver Ratio—Declares Silver as Global Monetary Metal.
by The Silver Academy, Silver Academy:
India sets silver as collateral for bank loans, capping gold at 1 kg, silver at 10 kg—creating an industry-shaking 10-to-1 monetary metal benchmark
Foreword:
India’s bold move to recognize silver as banking collateral at a 10-to-1 gold-silver ratio catapults silver into the monetary spotlight—reshaping global finance and fueling the next era of silver-backed lending, credit access, and industrial expansion
The Silver Stocks Big Rally Crushed Immediately
by Ed Steer, Silver Seek:
Gold’s initial choppy rally in early Globex trading ended minutes after 10 a.m. in Shanghai — and it then chopped sideways until shortly before London opened. It was then forced to chop lower until the COMEX open in New York. Its rally attempt from that point was capped at the 10 a.m. EDT afternoon gold fix in London — and it was then engineered lower in price until minutes before 12 o’clock noon EDT. From there it had a broad and slightly ascending up/down move centered around 2 p.m. in after-hours trading — and ending when the market closed at 5:00 p.m. EDT.
USA DEPLOYS A NUCLEAR SUBMARINE OFF ISRAEL’S SHORE AND THEN TELLS EVERYBODY WHERE IT IS LOCATED
by Harvey Organ, Harvey Organ Blog:
GOLD CLOSED DOWN $9.90 TO $1981.75// SILVER CLOSED DOWN 6 CENTS $23.12//PLATINUM WAS DOWN $25.95 TO $911.50 WHILE PALLADIUM CLOSED DOWN $27.40 TO $1105.95//EXCELLENT GOLD COMMENTARY TODAY FROM SIMON BLACK//UPDATES ON THE WAR BETWEEN ISRAEL AND HAMAS//TWO EXCELLENT EDITORIALS FROM THE JERUSALEM POST//POLICE OFFICER STABBED TO DEATH BY AN EAST JERUSALEM 16 YR OLD AS HE WAS NEUTRALIZED//USA DEPLOYS A NUCLEAR SUBMARINE OFF ISRAEL’S SHORE AND THEN TELLS EVERYBODY WHERE IT IS LOCATED//COVID UPDATES//VACCINE INJURY REPORT//DR PAUL ALEXANDER/SLAY NEWS ETC
