from Health Ranger Report:
TRUTH LIVES on at https://sgtreport.tv/
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.”
by Mike Maharrey, Gold Seek:
After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council.
Net central bank gold buying in March was downwardly revised to 3 tons with the late reporting of a 12-ton sale by the Phillippines. Uzbekistan, Thailand, and Jordan also reported large decreases in gold reserves in March.
But with minimal selling and a large number of purchases in April, the March slowdown in net central bank gold buying appears to have been an anomaly.
Eight central banks added a ton or more of gold to their reserves in April.
by Craig Hemke, Sprott Money:
As 2023 ends, let’s take a quick stroll down memory lane to see if there are any clues as to where gold and silver prices are headed in the new year.
Sometime early next month, I’ll compose and post my forecast for 2024. I’ve been publishing these annual forecasts for the past seven or eight years, and I do so for two primary reasons:
to hold myself accountable for mistakes, errors, and misjudgments;
to have a permanent record of what I was thinking as the previous year began.
If you’d like to go back and review this year’s “macrocast”, here’s the link. Maybe you’ll find it to be of interest?
by Egon Von Greyerz, Gold Switzerland:
With the US shooting itself in the foot again, we are now certain that this is the final farewell to the bankrupt dollar based monetary system.
More about this follows but, in the meantime, an extremely important warning:
If you have never been a goldbug, this is the time to become one.
I decided 25 years ago that the destiny of the world economy and the financial system necessitated the best form of wealth preservation that money could buy.
by Claudio Grass, Claudio Grass:
For the longest time, according to conventional and widely embraced wisdom, all responsible and prudent members of society had to have a savings account. All those hardworking taxpayers and all those forward-thinking and sensible individuals that understand the importance of planning ahead, of being prepared for whatever the future holds and of securing a better life for their children, have traditionally been expected to put whatever they could afford aside from their paycheck every month, and to deposit it in that “untouchable” account. It was strictly meant to be used after retirement, or for their kids’ college tuition, or in case of a devastating illness or other catastrophic emergency.
by Peter Schiff, Schiff Gold:
The Bank of Tanzania plans to buy 12 tons of gold during the fiscal year in an effort to boost its foreign exchange reserves. The East African nation joins a growing number of central banks turning to gold.
Tanzania Minister for Minerals Anthony Mavunde said the central bank will purchase gold from domestic miners and refiners in Tanzanian shillings. According to Mavunde, the funds have already been allocated.
by Uriel Araujo, Global Research:
Earlier this month Brazil’s Supreme Court lifted its ban on X (formerly Twitter) after Elon Musk finally complied with the court orders. It was the end of a months-long standoff between Justice Alexandre de Moraes and Musk (X was suspended on August 31). The matter has often been addressed as an issue of “free speech”, but with the recent BRICS Summit Declaration on digital sovereignty, one can clearly see that the discussion here should not be just about “censorship”. The BRICS Summit in Kazan, held from October 22 to 24 (2024), for the first time held a meeting with its expanded format, now including new member states such as Iran, Saudi Arabia, Egypt, and Ethiopia.
from Birch Gold Group:
by Peter Schiff, Schiff Gold:
For all of economic history, gold has served as the preeminent money. Individuals holding gold could rest easy knowing they had a hedge against economic uncertainty, at least until President Franklin Roosevelt made it illegal to own the yellow metal. 50 years after this tyrannical edict was repealed, sound money advocates should thank Gerald Ford for restoring gold to its rightful monetary role.
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.
from Silver Doctors:
TRUTH LIVES on at https://sgtreport.tv/
from 21st Century Wire:
This is the second part of my BRICS Coin series examining the many facets of the emerging BRICS financial system. In it, we will look at some of the new proposed institutions that have been announced, and what we can expect going forward.
BRICS+, a group of non-Western nations, are developing a new parallel set of financial institutions. In response to increasing Western sanctions and the weaponisation of hegemonic financial institutions – the emerging multi-ploar consensus has decided that enough is enough, and that they will build their own monetary system, outside of the US dollar dominion.
by Jan Nieuwenhuijs, Gold Seek:
The share of global official gold reserves not stored at the Federal Reserve Bank in New York (FRBNY) and Bank of England (BOE) in London has reached 78% in 2024, from 51% in 1972.
The shift in this ratio appears to be accelerating and can be seen as a proxy for the West’s decline in financial dominance.
“Gold is the bedrock of stability for the international monetary system,” wrote former President of the German central bank, Jens Weidmann, in 2019. Not surprisingly, no national currency has ever become the world reserve currency without a substantial amount of precious metal supporting it.