(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Goldilocks and Seeds of Wisdom
Japan has now signaled that officials are on standby to intervene in the market to address the yen.
Gold is at record highs in Japan.
The Bank of Japan has distorted its capital markets, and the world will feel the effects.
Read: https://x.com/goldtelegraph_/status/1773887121268396146?s=46
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The Bank of Japan is in a very difficult position. They hold a lot of US dollars in reserve that could be utilized to prop up their own currency if they were to sell it off. The problem is that a move like this would disturb the balance of trade on a worldwide level. Shifts in the prices of other countries’ currency values may start a domino effect.
A stronger Yen would create a lower US Dollar if too many sales of the US dollar were to be put into the market so quickly. Normally, lowering interest rates creates more purchasing power for a country, this is currently not working for their economy. Because of this reason, a currency intervention is being contemplated.
Normal banking protocols are currently not able to pull them out of their situation at this time. They are Basel 3 compliant, and a move towards more reliance on gold as a Currency Reserve may be an option they cannot rule out at this point.
A clear backing and more gold support while selling off the dollar in small increments may be a choice that has validity at this time. Either way, the country needs to increase the value of their currency soon, and choices are becoming very limited quickly.
CNBC
Japan Times
Financial Services Agency
© Goldilocks
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“The State Bank of Vietnam (SBV) has withdrawn nearly VND75 trillion from the banking system over the course of the last five trading sessions.”
Moves like this one create a shift in trading imbalances and currency rate exchanges. And, a VND drain makes it difficult for policymakers at the Central Bank of a country be able to control the supply of money.
This will also reduce the ability of their Central Bank to intervene upon their currency. Ten of Vietnam’s Commercial Banks are Basel 3 compliant, and gold will become the backing and standard for future interventions creating a more sovereign country.
Vietnam Net
EY
© Goldilocks
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FED LEAK: Massive Storm for GOLD & SILVER – Andy Schectman | Youtube
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Currency risks will drive gold and silver sky-high by year-end – BMO Capital Markets | Kitco
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SGX to disclose trader positions on commodities in Q3 | XM
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Indonesia: Crypto Products Required To Pass On Regulatory Sandbox After New Rule
OJK’s new measure requires Financial Services Institutions (FSIs) to enter new products and services in Indonesia’s regulatory sandbox. According to the reports, the regulation includes banking, insurance, and crypto companies that “are guaranteed to be suitable for use by consumers.”
Bitcoinist
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A MESSAGE FROM SAM OLIVER on the Transition into Gold
“Gold will set you free”
https://t.me/c/1545617426/75865
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Source: Dinar Recaps
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