Gold Telegraph
@GoldTelegraph
Paul Volcker once said something compelling:
“The truly unique power of a central bank, after all, is the power to create money, and ultimately, the power to create is the power to destroy.”
It is the truth.
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The United States is racing to catch up in the global battle for critical elements.
Two key battlegrounds define this fight:
1. Financial Supremacy
2. Mineral Control
Financial power will slowly fade if you don’t influence and have large control over certain minerals.
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What makes the world so different today? Old alliances are breaking down. Traditional allies are turning on each other. This is what makes the world more unpredictable. When bonds shatter, new alliances rise, often in ways no one expects.
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Something that many people are sleeping on. The CURRENT chairman of the United States council of economic advisers recommended last year that countries should be forced to swap their holdings of US Treasuries for 100-year bonds. Gold. @judyshel
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Billionaire Jeffrey Gundlach says gold is going to reach $4000. Welcome to the era, @TruthGundlach.
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BREAKING NEWS: RUSSIA IS USING CRYPTOCURRENCIES IN ITS OIL TRADE WITH CHINA AND INDIA TO SKIRT WESTERN SANCTIONS… INCLUDES TETHER
Ok.
“Crypto small but growing part of Russia’s $192 bln oil trade, sources say…”
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Countries are now turning to cryptocurrencies to settle oil trades, while Iran and Russia have long been have discussions about creating a gold-backed stablecoin. Watch the petrodollar closely in the years ahead. Many remain asleep. The financial war is heating up.
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Another thing many people are NOT talking about is the possibility of a repricing event of the gold reserves of the United States from their statutory value of $42.22 per oz to their current fair market value.
This was mentioned in a recent “Act” pushed forward…
I have talked about this for months, and recently, I have been with Dr. Ron Paul.
Also, with Sean Boyd, who has helped lead the world’s most valuable gold producer.
If this happens, this will push gold into the hot light and totally discredit anyone in the media who has called gold a barbarous relic.
Again, does the movie seem to be just starting?
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A fierce debate is raging among Western governments and the mining industry:
Is China deliberately overproducing critical minerals to crush Western competitors and dominate the supply chain?
This is why the U.S. is scrambling to secure its critical mineral supply chains.
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Gold ETFs recorded their highest monthly inflows since March 2022 last month… This is what a safe haven looks like.
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BREAKING NEWS: KYRGYZSTAN LAUNCHES GOLD-BACKED STABLECOIN
You don’t say?
“Initially collateralized with $500 million worth of gold, its reserves are projected to increase to $2 billion within 24 months…”
