Gold Telegraph
@GoldTelegraph
Silver has quietly been up over 20% these past 6 months.
Watch that gold/silver ratio closely.
Look at historical averages.
In June, Saudi Arabia joined the China-led CBDC mBridge project.
This past week, Saudi Arabia’s minister said that Saudi Arabia is open to the petroyuan.
We are in the middle of a digital transformation…
Watch the influence of the petrodollar closely.
You know things are not good when leaders start threatening 100% tariffs to FORCE countries into using the dollar.
In short:
‣ Use the dollar or face massive tariffs.
‣ Play by the rules, or watch your foreign reserves get frozen.
Gold is at an all-time high for a reason.
Gold prices have hit record highs in USD, while crude oil has dropped below $70 per barrel.
Why is this important?
Energy costs make up a big portion of operating costs in gold mining.
The larger the gap between gold prices and energy costs boosts cash flow.
