Gold Telegraph
@GoldTelegraph
French President Emmanuel Macron warns that the European Union could die unless it becomes more competitive with the US and China.
Last year, Macron wanted to be the first Western leader invited to the BRICS summit.
Power dynamics are changing…
BREAKING NEWS
USE OF THE CHINESE CURRENCY FOR CROSS-BORDER TRADE INCREASED BY 21.1% IN THE FIRST EIGHT MONTHS TO 41.6 TRILLION YUAN (US $5.9 TRILLION)
It keeps growing…
“China’s central bank vows to support Shanghai and Hong Kong as finance centres as it takes ‘next step’ in internationalisation…”
Be grateful to be alive.
This period will be highlighted in the history of books.
We are all a part of it.
You might as well smile through it all.
The CFO of Costco says gold and silver sales continue to be a meaningful part of e-commerce sales growth at the company.
This is one of the largest companies in America.
Nothing to see here…
Global silver mine production in 2024 is projected to reach 824 million ounces, reflecting a 1% decline compared to the previous year.
The deficit?
The Silver Institute estimates a deficit of 215 million ounces for 2024.
A perfect storm approaching?
The projected silver deficit for 2024 represents around 26% of annual mine production.
Deficits don’t last forever.
They are typically resolved through:
1) Increased mining.
2) Higher prices.
The same can be said for copper in the coming years.
Poland’s central bank has expanded its gold reserves to 4*0 tonnes.
Poland’s central bank announced its goal to hold 20% of its currency reserves in gold.
The race continues to be on.
The Russian government is considering spending $535.5 million over the next three years to boost its precious metals reserves.
The proposal suggests that the Russian government aims to expand its holdings to include silver and platinum.
Things continue to get interesting, no?
Japan is currently seeing the highest number of bankruptcies in a decade.
