Gold Telegraph
@GoldTelegraph
BREAKING NEWS
V************N CALLS FOR GREATER BRICS ROLE IN GLOBAL ENERGY MARKETS
Here we go… The dots are all starting to connect.
“In the past, the forum was also attended by delegates from Saudi Arabia, the world’s largest oil exporter…”
https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-russias-p***n-calls-for-greater-role-for-brics-on-worlds-energy/
A report on alternative payment systems will be prepared for the BRICS summit.
We are less than a month away from the summit.
We could see a proposed common unit backed by gold, with 40% tied to the value of gold and the remaining 60% in a basket of national currencies from BRICS countries.
We may also see additional proposals focused on digital currencies.
Things continue to heat up.
I will be covering the event in real-time.
Copper +2%
The glue of the economy is moving alongside the majority of hard assets.
Crude oil is also up over 2%.
BREAKING NEWS
MOODY’S IS WARNING THAT THE UNITED STATES’ FISCAL HEALTH IS EXPECTED TO DETERIORATE FURTHER UNDER THE NEXT ADMINISTRATION
Surprise. Where is the violin?
“Moody’s lowered the outlook on its triple-A U.S. credit rating to negative from stable in November 2023…”
https://www.reuters.com/world/us/us-fiscal-profile-set-weaken-under-next-administration-moodys-says-2024-09-24/
The foundation is shaking.
Years of work are finally starting to bubble up to the surface.
Thank you all for reading over the years.
It has been a ride.
Wait until you see what is on the other side.
China’s yuan has hit a 16-month high against the U.S. dollar.
V************n has made it very clear that he wants BRICS to have more control of global energy markets.
The East is now focusing on the petrodollar.
Commodities vs. Finance is playing out.
I am starting to hear gold bashers say there is an endless supply of gold.
What they don’t mention?
All of the gold ever mined would only fit into a crate of 22 metres cubed.
That is in physical form.
