Gold Telegraph
@GoldTelegraph
The dollar’s purchasing power is getting destroyed by the OG at the moment… gold. Look out.
Russian citizens bought a record amount of gold last year. The gold rush is universal.
BREAKING NEWS: WORLD’S DEMAND FOR GOLD HIT ANOTHER RECORD HIGH LAST YEAR
The trend…
“Total gold transactions came in at 4,974 tons last year, compared with 4,899 tons in 2023, inclusive of over-the-counter investments…”
https://www.cnbc.com/amp/2025/02/05/worlds-demand-for-gold-hit-another-record-high-in-2024.html
The annualized rate for lending gold over a one-week period has increased to around 10% this year, up from the previous range of 2-3%. People are definitely sweating.
In 2024, central banks purchased 1,045 tonnes of gold. This is the third consecutive year in which central banks have purchased more than 1,000 tonnes. Unbelievable…
A timely reminder from a former Federal Reserve Chair:
“If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold? If it’s meaningless, why is everybody still holding it?” – Alan Greenspan
A timely reminder from a former Federal Reserve Chair:
“If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold? If it’s meaningless, why is everybody still holding it?”
– Alan Greenspan
— Gold Telegraph ⚡ (@GoldTelegraph_) February 5, 2025
BREAKING NEWS: GOLD IN THE BANK OF ENGLAND VAULT IS TRADING AT A DISCOUNT TO THE WIDER MARKET
Spooky hours.
“Size of divergence extremely unusual amid rush to ship to United States…”
The London Gold Pool collapsed in 1968. I have talked about it before. History is filled with interesting stories…
The London gold pool in the 1960s was a coordinated effort by Western central banks to manage the gold price to keep it at $35/ounce. In 1968, it collapsed due to endless outflows of gold, which France kickstarted. Fun fact.
The collapse of the London Gold Pool in the late 1960s led to a significant move in the gold price.
This gold pool in the 1960s manipulated the price of gold for years.
M**********n in the gold price is not a conspiracy.
It is well documented.
— Gold Telegraph ⚡ (@GoldTelegraph_) April 28, 2024
Very strange things happening at the Bank of England. They hold over $450 billion worth of gold at current prices, primarily for central banks. There are weeks long queues to withdraw bullion from its vault and its now trading at a DISCOUNT vs. wider markets.
Massive moment…
The Canadian dollar has been debased against gold by nearly 50% the past year.
Billionaire Pierre Lassonde told me late last year that the day transactions on the Shanghai Gold Exchange surpass those on the COMEX, gold pricing will shift to the East, leaving the West behind.
Right now, the LBMA says it’s working with COMEX on U.S. gold price premium…
Billionaire Pierre Lassonde told me late last year that the day transactions on the Shanghai Gold Exchange surpass those on the COMEX, gold pricing will shift to the East, leaving the West behind.
Right now, the LBMA says it’s working with COMEX on U.S. gold price premium…… pic.twitter.com/Bb3moxa31U
— Gold Telegraph ⚡ (@GoldTelegraph_) February 5, 2025
You can watch the full conversation, here:
GOLD TELEGRAPH CONVERSATIONS #2:
BILLIONAIRE PIERRE LASSONDE.“The gold price will ultimately be decided not in the United States, but in the East.” – Pierre Lassonde
Mining legend and tycoon Pierre Lassonde joins me for a compelling conversation, sharing insights and… pic.twitter.com/EssszZOg43
— Gold Telegraph ⚡ (@GoldTelegraph_) December 12, 2024
