Putin’s gold strategy, implemented in early 2022 by tying the value of the ruble to gold, has successfully countered sanctions, aided by Russia’s status as the world’s second-largest producer of gold. Russia is the target of more than 16,000 sanctions. Nonetheless, the Russian economy and military apparatus expanded by 3.6%
Based on data from several sources, the countries with the largest gold reserves are the USA, Germany, and Italy. As a hedge and a store of value, gold continues to be significant in times of economic uncertainty. 2023 saw the metal set a new record in December, demonstrating its significance
The Polish central bank has purchased approximately 300 metric tonnes of gold in recent years in an effort to align its GDP-to-gold ratio with the average for the eurozone, as outlined in the secret EU plan. For those unaware, the European Union’s (EU) ultimate goal is for every nation to
According to UPI News, gold bar vending machines have been rolled out at South Korean convenience store GS Retail. Buying physical precious metals is a time-proven method of securing generational wealth while reckless central bankers debase currencies and ignite the worst inflation storm in a generation. Gold and silver investing
Bloomberg reported that the West is losing Russian gold to the United Arab Emirates, Hong Kong, and Turkey, which have not joined Western restrictions. A number of countries are snapping up Russian gold bullion after Western governments closed their markets as part of Ukraine-related sanctions on Moscow, Bloomberg reported on
The Toronto Sun reported that a massive gold heist, worth $22 million in gold and banknotes, occurred at Pearson Airport in Toronto.
Sen. Bryan Hughes (R) introduced Senate Bill 2334 on March 10, which could result in Texas launching its own gold-backed digital currency if it’s passed.
Saudi Arabia has announced the discovery of huge gold and copper deposits in Medina. The latest discoveries are now anticipated to draw domestic and foreign investors, which will subsequently help the Kingdom’s economy grow.
African countries emerged as “independent” nation-states in a context of a debt-based fiat money system, the fiat dollar standard. Independent is in quotation marks because Africa’s countries’ independence is nominal. That is said with due respect and gratitude to all brave men and women who fought, bled, and died to
