Gold Telegraph
@GoldTelegraph
The Federal Reserve says stablecoins could back the dollar’s reserve status. A sovereign wealth fund is being formed right now, and the USA on record holds 8,133.5 metric tonnes of gold priced at $42 on its balance sheet. Now… This would be a powerful move; gold stablecoin.
“We’re going to monetize the asset side of the US balance sheet for the American people. There’ll be a combination of liquid assets, assets that we have in this country…” – Scott Bessant
US Sovereign Wealth Fund:
“We’re going to monetize the asset side of the US balance sheet for the American people. There’ll be a combination of liquid assets, assets that we have in this country…”
– Scott Bessant, US Treasury Secretary
“Liquid assets”
— Gold Telegraph ⚡ (@GoldTelegraph_) February 3, 2025
The one thing the gold situation at the Bank of England is exposing: Fractionalized gold ownership is a very dangerous game.
https://www.ft.com/content/f6459ed1-8a65-4d89-8bd8-40e8546912f0
“Some hedge fund contemporaries of Scott Bessent, the hedgie-turned-US Treasury secretary, are speculating about a revaluation of America’s gold stocks….”
Bingo. @gilliantett The mainstream is starting to see it.
BREAKING NEWS: CHINA’S CENTRAL BANK EXPANDED ITS GOLD RESERVES FOR A THIRD MONTH IN JANUARY
China continues to stockpile… At record prices.
“The move shows the PBOC’s commitment to diversify reserves…”
China will now allow insurance funds to buy gold. This is massive news. The rush is on.
The Canadian Prime Minister says the United States talks about absorbing Canada as “a real thing” and linking it to the country’s rich natural resources. I touched on this a few weeks ago… The battle for resources is on.
Canada is second largest country by land mass and home to some of the world’s best minerals…
Read:
CANADA AND GOLD. 🇨🇦
The time is now.Canada’s neighbour wants to absorb it.
If that’s not a good reason to start buying gold to safeguard its sovereignty, I don’t know what is.
Canada urgently needs a neutral asset in its reserves.
It holds ZERO gold, while BRICS nations are… pic.twitter.com/HxXIWqJnSS
— Gold Telegraph ⚡ (@GoldTelegraph_) January 7, 2025
With Canada now saying that the United States wants to absorb the country for critical minerals, the solution should be very clear: Develop these assets. The country has been sleeping for years with no support from its pensions.
Here is a clip from a conversation I had with billionaire Canadian business icon Pierre Lassonde that really highlighted this massive issue. Only 2% of capital from pension funds is invested in Canadian public equities.
With Canada now saying that the United States wants to absorb the country for critical minerals, the solution should be very clear:
Develop these assets.
The country has been sleeping for years with no support from its pensions.
Here is a clip from a conversation I had… pic.twitter.com/fqYcZLyLjI
— Gold Telegraph ⚡ (@GoldTelegraph_) February 7, 2025
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
This will be part of a pilot project that expands investment options under the program, including gold spot physical contracts, gold spot deferred delivery contracts, and gold leasing businesses listed or traded on the Shanghai Gold Exchange.
Key: Shanghai Gold Exchange.
I don’t think people fully grasp the significance of China’s insurance companies buying gold. China is already the world’s largest gold consumer and producer. The Bank of China continues to accumulate gold. And now, insurance companies are opening the floodgates? This is big.
The United States Department of Government Efficiency team will investigate Pentagon spending to identify potential waste and fraud. It is a good idea, considering the Pentagon has failed 7 audits in a row. The U.S. spends more on its military than the NEXT 9 countries combined.
