In short, when China really starts buying, it’s not going to be able to disguise it any longer. And that could cause a run on gold like the world has never seen before.
Gold used to be important.
During and after World War II, every major developed country amassed as much physical gold as they could. It stabilized currencies and signaled independence.
But with the end of the gold standard in 1971, most countries began to sell off their reserves.
So much so that in 1999, an agreement was formed to limit the amount of gold that central banks could sell. Fast forward to today, and Canada’s central bank owns ZERO gold.
Despite the agreement, most countries continued to shed their gold reserves as fast as possible.
That is until a few years ago, when a handful of countries reversed course. Central Banks started buying gold with fury, and they haven’t let up since.
In the final quarter of 2018, central banks purchased more gold than in any other quarter on record.
By the end of the year, central banks collectively held around 1.064 billion ounces of gold (equivalent to 33,200 tons).
That’s about one-fifth of all the gold ever mined.
In the first half of 2019, central banks purchased 11.97 million ounces of gold (374 tons).
Once again, that was far more than ever before. And it’s equivalent to one-sixth of total gold demand in that period. And total central bank gold purchases for 2019 were the second highest they’ve been in the last 50 years (2018 being the first).
And the Keyser Söze of gold is Vladimir Putin.
I’ve been very quiet about Russia and Putin the last few years as I’ve been swamped with media requests following the success of my NY Times Bestseller The Colder War.
Don’t underestimate what the Russians are doing, as others are starting to follow…
While the world focuses on China, Russia has positioned itself at the center of the global political chessboard.
Here’s what’s interesting about the recent central bank gold purchases: the vast majority of that unprecedented purchasing came from just four countries. These are places you’d never expect.
One of those countries is Kazakhstan, whose GDP is smaller than Kansas’s. Kazakhstan grew their reserves from 2.4 million ou...
Trump has mentioned in his books many times, if someone screws you, screw them back 10X harder. He’s been screwed over from day one by virtually every democrat and especially the Main Stream media. I have a feeling he wants revenge and he’s going to take out what he can, ahead of November.
The debts are so large, the lack of “dollars” so big, that they have no choice but to do all this madness. But the fact is that the minute they don’t, the WORLD markets crash.
Too bad the people who really need to hear this message stopped reading this article when they realized it wasn't really about the Iowa caucuses.
I feel the economic fallout is however going to be bigger than most expect for China especially. When you start shutting in 50 to 100 million folks, that disrupts a lot of supply chains.
So, if we were to craft a headline for this article that avoided Betteridge's Law, what would it be? "Something Just Happened in Russia But No One Is Sure Precisely What." Hmmm.
If Meng is extradited to the US, she’ll face a 13-count indictment, charged with bank fraud, wire fraud, conspiracy to commit bank and wire fraud, and related charges.
So The Riddle of the Camera has a very simple answer: A camera is not a camera when the EU says it isn't. And that answer says so much about the matrix in which we live.
Over the next two – three weeks we’re going to hear from thousands of companies. If you’re holding individual stocks, it is worth your while to look up their earnings releases and maybe selling out a day ahead of their reports.
The 2020s could be a time of cooperation. A time of community building. A time of casting off hierarchies and the tyranny of authority. Or it could be the last gasp before the descent down the slope toward total tyranny.
...like the bogus employment reports, they twist the numbers and tart them up so much their own mother wouldn’t recognize them.
...we'll have some rousing images of some flag or other being hoisted on Mars and be able to witness the collective head explosion of all the flat earthers, so there's something.
...the decade ahead promises to be even more chaotic, violent, transformative and—if we do not participate in the building up of meaningful alternatives—destructive decade in living memory...
So, my friends we arrive at the fork in the path. Down one route we see the promise of radical decentralization of everything, even currency itself.
...don’t think badly of yourself if you find it harder and harder. The insanity is reaching levels unexpected.