Goldilocks’ Comments and Global Economic News Thursday Evening October 12, 2023
Good evening Dinar Recaps,
In September, India’s central bank made its largest monthly gold purchase in 15 months.
Read: https://x.com/goldtelegraph_/status/1712253002357387454?s=46
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China has added gold for 11 straight months
They have purchased 243 tonnes of gold since they started reporting these purchases
We are witnessing the local #gold premium in China soar to record highs when compared to international pricing A new system is emerging?
Read: https://x.com/goldtelegraph_/status/1712202649666502700?s=46
“Bitcoin and gold have similar inflation-hedge narratives. Currently, gold has a lower inflation rate (1.7%) than Bitcoin (1.8%), but it will be a monumental flip at the halving. A simplistic inflation story would require gold and bitcoin to rise together. However, gold is getting hammered in the last few days while bitcoin is bouncing.”
About a week ago we talked about this taking place. We talked about how assets would decouple from each other and how price distortions would occur during a time of War. In the end, a reset/revaluing of assets would occur.
© Goldilocks
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“Zimbabwe launched a new gold-backed digital currency in an effort to halt re-dollarization, which the administration of President Emmerson Mnangagwa worries could destroy the country’s already struggling economy.”
At this time, this is only for citizens of Zimbabwe and can’t be purchased out of the country. But this shows the initiative is not only in the Middle East and Asia but also in Africa.
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ZIMBABWE
🟠INTRODUCES GOLD-BACKED CURRENCY
🟢IF SOMEONE IN ZIMBABWE HAS GOLD IT CAN BE CONVERTED TO DIGITAL TOKENS
✅GOAL IS TO DE-DOLLARIZE
https://allafrica.com/stories/202310100479.html
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It’s time for liquidity to flow out of energy and into other markets
https://youtu.be/g6TxjlOoLAk?feature=shared
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Artificial intelligence is beginning to take over the banking system at this point. It will begin driving Market direction and integration through a series of data points that give us a path going forward.
This will change the landscape of management inside our banking systems, and it will create new opportunities inside the markets that will revolutionize the way we create money.
Computers work with real values. This is why the banks, markets, and payment systems have to work with a decentralized system based on real values supported by the commodity markets.
Gold gives solid values to our new digital asset-based trading system. Look for November going into December to create life-changing events in our banking system and our markets.
© Goldilocks
IBS Intelligence Link
The Street Link
Analytics Insight Link
The Currency Analytics Link
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Aside from leading the banking sector in profitability as of half year ended June 30, 2023, United Bank for Africa (UBA) also outperformed other Tier-1 and Tier-2 banks in Capital Adequacy Ratio (CAR) and Liquidity Ratio (LR) to maintain soundness and resilient financial system, THISDAY investigation has revealed.
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“Derivative Exchange Deribit to Start XRP Options Trading January 2024.”
An option contract is linked to an underlying asset, e.g., a stock or another security. In other words, this gives XRP the ability to trade in pairs.
Currency pairs set values of one vs. another, and their exchange rates will continuously fluctuate based on their respective changing values.
Do you remember a while back when we saw XRP being paired to the IQD? Both currencies provide support to one another when they are paired together. It keeps the fluctuations of individual exchange rates in check offering more value to each one together than alone.
In January 2024, XRP is being called up to play in the Big Leagues. This will transform our traditional markets across all sectors.
Yes, Babe Ruth (XRP) is stepping up to the plate, and it will bring with it a grouping of other currencies to stabilize values in the new digital asset-based trading system.
© Goldilocks
The Crypto Basic Link
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Fed’s Barr frames capital reform as final chapter of Dodd-Frank | American Banker
American Banker Link
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BRICS: Saudi Arabia & China Partner to Develop New AI System
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INTRODUCING | Stellar and PwC Launch a Financial Inclusion Framework to Assess and Judge Blockchain Projects in Emerging Markets
The framework was developed by analyzing 12 blockchain applications operating in Colombia, Argentina, Kenya, and the Philippines.
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US #inflation in September came in above forecasts, raising the odds the Fed will hike #InterestRates
US Consumer Price Index:
▪️ m/m = +0.4% (expected +0.3% / previously +0.6%);
▪️ y/y = +3.7% (expected +3.6% / previously +3.7%);
▪️ Core #CPI = +4.1% yoy (expected +4.1% / previously +4.3%).
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WEF: Are You Ready For A.I. To Monitor Your Thoughts?
https://www.youtube.com/watch?v=DZsxUl2qihQ
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BREAKING NEWS
AN IMF OFFICIAL IS WARNING THAT THE UNITED STATES IS ON A UNSUSTAINABLE FISCAL PATH WITH BIG DEFICITS
Surprise, surprise.
Read: https://x.com/goldtelegraph_/status/1712563495840129368?s=46
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It’s not until you look behind that you see how things are connected.
We have been covering the QFS for over 2 years. We have been following it as a group from the ground up. Now, we are beginning to reveal how things are interconnected.
© Goldilocks
