Don961: Iraq is among the world’s largest gold buyers in 2018

5-02-2019 11:39 AM

“Iraq, along with other countries, is one of the largest gold buyers last year,” the World Gold Council said Tuesday.

The board also cited Iraq, Kazakhstan, India, Poland and Hungary as major buyers of gold last year. Turkey was among the world’s top gold buyers to boost its yellow reserves in 2018 after the central bank added 51.5 tons of gold to its reserves.

Net purchases by central banks reached 651.5 tons in 2018, an increase of 74 percent over the previous year’s 375 tonnes. The World Gold Council estimated that central banks now have about 34,000 tonnes of gold.    link


Don961:  Iranian oil minister: Iraq owes Iran two billion dollars

TEHRAN, March 5 (IranMania) – Iran has resumed talking about debt owed to Iraq by buying gas and electricity. “Since the United States re-imposed sanctions on the Iranian energy sector, Iraq has suspended an agreement with Tehran to exchange crude produced from the Kirkuk field for Iranian oil,” he said, adding that Iraq owes Iran $ 2 billion on gas exports to Iran. And electricity.    link

David Stockman – Central Banks Created Fiscal Doomsday Machine

Greg Hunter:  Published on Feb 5, 2019

Reagan White House Budget Director and best-selling author David Stockman says, “Yields are going to go up, and we are going to have a day of reckoning in terms of this whole massive artificial structure of debt that’s been created. . . . The growth rate is a third of what it was historically . . . there is no magic way out of it.

So, I call it a ‘Fiscal Doomsday Machine.’”

Stockman has been touting gold as a must-have insurance policy. Stockman says, “The essential attribute of gold is that it is a contra central bank asset. It’s the one asset that can’t be influenced, manipulated, created or destroyed, for that matter, by the central banks.

It’s the one asset that history has proven, without a doubt, can retain its value regardless of the mayhem and financial disorder caused by governments. . . . Gold is the alternative asset to a bubble ridden financial system that is driven by the central banks.”