Thursday, February 22, 2024

Zimbabwe Floats the Idea of Putting Its Currency on a Gold Standard

by Mike Maharrey, Gold Seek:

Could arguably the world’s worst currency become its best? 

If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.

Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a “structured currency,” but he didn’t explain what that meant. On Monday (Feb. 12), Finance Minister Mthuli Ncube shed some light on the plan, saying the goal was to “manage the growth of liquidity which has a high correlation to money supply growth and inflation.”

Inflation Won’t Die

by Jim Rickards, Daily Reckoning:

The January inflation numbers came out this morning, and they weren’t good for Wall Street.

The consumer price index (CPI) rose 3.1% in January. That’s a decrease from December’s 3.4%, but it exceeded consensus estimates of 2.9%.

Core inflation, which excludes food and energy, rose 3.9% on an annualized basis, which is unchanged from December. But the consensus estimate was 3.7%. Core inflation also rose at its highest rate since April 2023.

Gold & Silver in the Bible

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by Joel Baumann, Schiff Gold:

The Bible features more than 700 references to gold and silver, emphasizing their timeless significance. The term ‘gold’ alone appears in 47 of the 66 books of the Bible.

Beyond their current cultural relevance, these precious metals play a crucial role in scripture, highlighting three key attributes: their divine origin, intrinsic value, and monetary quality.

Why Gold? Why Now?

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by Jim Rickards, Daily Reckoning:

Despite the Wall Street happy talk about the Federal Reserve winning the battle against inflation, that battle has not been won.

Headline CPI (the kind Americans actually pay, not constructs like “core” and “super-core”) was 3.4% in December. That compares to 3.1% in November and 3.0% last June (the January numbers will come out tomorrow).

In other words, inflation is not gone and may even be on the rise with higher oil prices lately due to geopolitical concerns. The Fed will not raise rates, but they will not be quick to cut them given continued inflation.

Chiefs and 49ers Play Super Bowl Game for…. SILVER!

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by Michael Maharrey, Activist Post:

On Sunday, the San Francisco 49ers will take on the Kansas City Chiefs. The winner will take home the silver!

No… I’m not inferring that the winner will get a second-place prize. I’m referring to the Lombardi Trophy. It’s made of silver.

So, what is that thing worth anyway?

Not as much as you might think despite being formed out of a precious metal.

Central Bank Gold Buying in 2023 Topped 1,000 Tons – Just Shy of 2022 Record

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by Mike Maharrey, Money Metals:

Central banks gobbled up gold again in 2023. Central bank gold buying fell just 45 tons short of 2022’s multi-decade record.

According to the World Gold Council, central banks net gold purchases totaled 1,037 tons. It was the second straight year central banks added more than 1,000 tons to their total reserves.

Central banks now hold an estimated 36,700 tons of gold as the global scramble for Federal Reserve note alternatives continues.

Sorry, You Can’t Have Your Gold

by Jeff Thomas, International Man:

In this publication, we warn regularly of the risk involved in storing wealth in banks. They’ve made the removal of your deposits increasingly difficult in addition to colluding with governments to allow them to legally freeze or confiscate your money. To add insult to injury, they’re creating reporting requirements with regard to the contents of  safe deposit boxes and restricting what can be stored in them – again, at risk of confiscation.

Election-Year Gold Trends & Factors for 2024

by Peter Schiff, Schiff Gold:

While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.

From the January to the September preceding elections since 1980, gold prices have tended to rise. This is often attributed to the nature of the relationship between incumbent presidents and the Fed, as existing administrations put pressure on the central bank to maintain looser monetary policy to foster an illusion of economic prosperity (which presidents can then “take credit” for). Meanwhile, knowing that they’re more likely to be replaced if the other side wins, Fed chairs have an incentive to play ball.

EVERYTHING IS A LIE — BIX WEIR

from SGT Report:

Bix Weir is back to talk about banksters, the “TRILLION DOLLAR” silver market and the fact that at this point pretty much everything we have ever been sold or told is a LIE.

Protect Your Retirement W/ a Gold and/or Silver IRA:
https://www.sgtreportgold.com/
or CALL( 877) 646-5347 – Noble Gold is Who I Trust ^^
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The Royal Mint’s Growing Interest in Singapore

from BullionStar:

The Royal Mint, which is the United Kingdom’s official government mint, is taking a growing interest in Singapore and Southeast Asia’s bullion market and is expanding its presence and product offerings in the gold and silver-hungry region.

With an illustrious history going all the way back to 886 AD, The Royal Mint is one of the world’s oldest mints and is famous for its high quality bullion products including the long-running Gold Sovereign coin, the gold, silver, and platinum Britannia, Queen’s Beast, and Tudor Beast series of coins, as well as a variety of gold, silver, and platinum bullion bars.

BREAKING: Biggest News In Silver History Just Happened

from The Alex Jones Show:

TRUTH LIVES on at https://sgtreport.tv/

WARNING: Globalists Buying Gold And Silver At Record Rate

from The Alex Jones Show:

TRUTH LIVES on at https://sgtreport.tv/