Gold Telegraph
@GoldTelegraph
& here we go.
China has announced a ban on rare mineral exports to the United States.
Again, Financial assets vs. Elements.
BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH
You wonder why change is happening in the global financial system?
The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.
BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033
This is the world’s biggest producer of copper.
“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”
Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.
Finance vs. Elements.
China is the biggest importer of copper.
Russian President V************n questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.
Jerome Powell says:
“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”
Thank you, Mr. Powell, for providing the joke of the day.
The French government has collapsed.
The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?
