Gold Telegraph
@GoldTelegraph
China is creating a fund to rescue financial companies and prevent them from collapsing.
The debt problems are global.
Gold is a major chess piece for China.
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Gold Telegraph
@GoldTelegraph
Last year, $2.3 billion of capital from Middle Eastern sovereign wealth funds flowed into China, a significant increase from around $100 million in 2022.
Watch this trend closely…
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Gold Telegraph
@GoldTelegraph
Watch the US Treasury market.
• Total deficits in the United States are projected to equal or exceed 5.5% of GDP annually from 2024 to 2034.
• We are seeing countries divest and accumulate more gold to protect themselves from potential confiscation or asset freezing in the West.
• The United States Treasury launched a buyback program last month to provide market participants with a regular opportunity to sell off-the-run securities back to the Treasury. This is the first time they have done a buyback in decades.
Japan’s ongoing warning of a potential currency intervention is a factor that could significantly impact the demand for American debt. As the largest holder of US Treasuries, any action by Japan could have far-reaching implications.
• The size of the Treasury market has quintupled since the financial crisis
• Longer-dated Treasury auctions are at record sizes at some maturities
When liquidity becomes an issue, the Federal Reserve steps in to stabilize the situation, as it did in 2020.
However,
Central banks worldwide have been dealing with the consequences of their aggressive QE programs for years, with losses piling up.
There is a big reason why central banks continue to be net buyers of gold… it is evident:
They don’t want counterparty risk.
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Gold Telegraph
@GoldTelegraph
Japan’s top currency official says that authorities are ready to intervene.
The clown show continues…
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Gold Telegraph
@GoldTelegraph
BREAKING
NEWS JAPAN’S TOP CURRENCY OFFICIAL WARNED THAT AUTHORITIES STAND READY TO INTERVENE IN CURRENCY MARKETS 24 HOURS A DAY IF NECESSARY.
What a time to be alive.
“24 hours a day”
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Gold Telegraph
@GoldTelegraph
“If there are excessive currency fluctuations, it has a negative impact on the national economy…”
