Gold Telegraph
@GoldTelegraph
The mining world that powers our modern lives is undergoing a seismic shift. Nations are racing to secure critical minerals, slashing red tape as the planet hungers for supply. At last, even the generalists see it… mining in outer space will not help, it’s on planet earth.
In the past 1 year, the US dollar has lost nearly 40% of its purchasing power measured in gold. 40% gone. The thesis of gold was early… but not wrong.
The United States federal debt is projected to surpass its post-World War II peak by 2029 What else happened in the 1940s? A monetary reset.
In 1944, the Bretton Woods Agreement reshaped the global monetary system, anchoring currencies to the dollar, which was pegged to gold.
From last May… “Countries worldwide are joining forces to actively combat these financial weapons by aggressively stockpiling time-tested reserve assets such as gold…”
Read:
WHEN THE FOUNDATION SHAKES?
In March, we learned that BRICS is actively developing a payment system utilizing the blockchain.
Many countries are starting to link payment systems.
Russia and China have almost stopped using the dollar in their mutual trade.
Monetary evolution?… pic.twitter.com/iEKGC2IXjd
— Gold Telegraph ⚡ (@GoldTelegraph_) May 5, 2024
BREAKING NEWS: CANADIAN CONSERVATIVE LEADER POILIEVRE PROPOSES CAPITAL GAINS TAX DEFERRAL ON PROFIT REINVESTED IN CANADA
This is big. @PierrePoilievre Oh Canada…
“That means investors could defer paying any capital gains tax until they cash out or move their investments abroad…”
Gold is marching towards $3100 in US dollar terms.
All eyes are on gold all over the world.
BREAKING NEWS: SPOT GOLD SURPASSES $3100 IN US DOLLAR TERMS FOR THE FIRST TIME….
