Gold Telegraph
@GoldTelegraph
Hard assets having a big day.
BREAKING NEWS
FIRST RUSSIA-CHINA BARTER TRADE MAY COME THIS AUTUMN
Here we go…
“A top manager at a large Russian bank said a barter scheme was being prepared, but refused to disclose details…”
The Prime Minister of Malaysia says BRICS is key to breaking free from dollar dependence.
These countries hold the keys to commodities around the world.
I am looking forward to my discussion with @Frank_Giustra in 6 days in Beaver Creek, Colorado.
When I first started talking about BRICS years ago… people laughed.
Today?
I see very serious looks and not much laughter.
We live in a cold world.
Canada’s unemployment rate hits 7-year high.
They cut rates yesterday.
The Canadian dollar has lost almost 30% of its purchasing power relative to gold over the past year.
Canada owns zero gold.
Oh Canada.
What are we doing?
Canada’s unemployment is hitting 7-year highs, inflation is still above target, and the loonie is getting absolutely hammered by gold
Canada is home to serious mineral wealth
Canada needs to utilize mining to drive prosperity and preserve its sovereignty
Gold… @Frank_Giustra
Russia has ramped up its daily gold purchases by 601% this month and will soon conduct barter trade with China to sidestep the eye of the Western financial system.
You don’t need to be a genius to see where this leads.
