Gold Telegraph
@GoldTelegraph
Roughly half of global gold purchases since March are unaccounted for.
You don’t need to be an Einstein to see that countries are making secret purchases. The gold rush is happening, and many are just mesmerized by the daily price.
We are witnessing a financial war play out.
Silver is expected to record its fourth straight year of shortages in 2024.
Supply deficit… This is not sustainable.
BREAKING NEWS: BANK OF CANADA DEPUTY GOVERNOR SAYS ALLOWING A PERIOD OF PRICE DECLINES WOULD BE PAINFUL FOR CANADIANS
Wait… what? What a time to be alive.
“Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians…”
Central banks: “After years of inflating your currency away, get ready; price declines are going to hurt, too.”
Tell me the system is broken without telling me. This is where we are now.
The price of coffee has reached the highest level since at least 1977. My fuel is getting expensive.
BREAKING NEWS THE BANK OF JAPAN SUFFERED RECORD VALUATION LOSSES ON ITS GOVERNMENT BOND HOLDINGS IN THE FIRST HALF OF THE FISCAL YEAR
$90.03 BILLION
The circus is hitting the mainstream.
“The BOJ ended negative interest rates and stopped buying risky assets such as ETFs in March…”
https://www.reuters.com/markets/rates-bonds/boj-reaps-83-bln-dividends-etf-holdings-2024-11-27/
There is a race to secure natural resources. Many just don’t see it yet.
Price-insensitive buyers like the Federal Reserve and foreign central banks now hold just 50% of Treasuries. The lowest level since 1997. Another reason why a 50-year Treasury instrument backed by GOLD makes sense. Should I continue?
The United States made $236 billion in improper payments last year alone. This is according to the Government Accountability Office. $236 billion. Remember this when people complain about the Department of Government Efficiency.
“We don’t have a system that’s working. We have one that moves cash around and we can guarantee cash benefits as far out & whatever size you like… but we cannot guarantee their purchasing power” – Alan Greenspan (Former Federal Reserve Chairman)
“We don’t have a system that’s working.
We have one that moves cash around and we can guarantee cash benefits as far out & whatever size you like…
but we cannot guarantee their purchasing power”
– Alan Greenspan
(Former Federal Reserve Chairman)
— Gold Telegraph ⚡ (@GoldTelegraph_) November 28, 2024
Everyone is talking about the massive gold deposit that China found. Just remember, once produced, that gold will likely never leave the country, and the nation will continue to be a massive importer. Talk about a foundation…
Still wondering who is buying all the gold?
Roughly half of global gold purchases since March are unaccounted for.
You don’t need to be an Einstein to see that countries are making secret purchases.
The gold rush is happening, and many are just mesmerized by the daily price.
We are witnessing a financial war play out.
— Gold Telegraph ⚡ (@GoldTelegraph_) November 26, 2024
El Salvador’s president believes unmined gold holds the potential to transform the country. The President has proposed ending the country’s metals mining ban. Countries all over the world are starting to prioritize time-tested money. The gold rush continues.
