Gold Telegraph
@GoldTelegraph
China has accumulated a reported gold stockpile worth $170 billion.
They are the biggest importer of gold and the biggest producer I am currently in Washington DC to discuss critical minerals, but there are many people here talking about the gold rush in China…
Change is coming.
A Chinese state think tank is warning that China needs to reduce its treasury holdings further to diminish the United States’ potential leverage. Things are starting to heat up.
Pay attention.
Many are speculating that Japan intervened in the market, explaining its currency’s movement against the dollar. Enjoy the ride. It is just getting started…
APRIL 28
The Japanese yen slides past 160 against the dollar for the first time since 1990.
The yen has lost nearly 25% of its purchasing power against gold over the past six months.
The President of Kenya will push for global financial system reform as African presidents meet tomorrow. These are the types of things you see during resets.
APRIL 27
Countries threaten to seize each other’s assets as nations worldwide stockpile gold and store it in the country. The writing is on the wall.
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SGG-Research
@sggresearch
Sounds like a high stakes game of Monopoly where everyone’s convinced Boardwalk is the only property worth buying!
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Win Smart, CFA
@WinfieldSmart
COMMODITIES DURING
-SPANISH FLU/WW1
-GREAT DEPRESSION
-WW2
-70s OIL CRISIS
-GFC
