Gold Telegraph
@GoldTelegraph
Gold surging. $2378
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Global Markets Investor
@GlobalMktObserv
Meanwhile, GOLD share in global international reserves held by central banks exceeded Euro for the 1st time in history.
Yellow metal now accounts for 17.6% of all worldwide reserves.
Gold demand is rapidly rising.
What’s next for gold?
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https://www.globalmarketsinvestor.xyz/p/chart-of-the-week-gold-is-the-2nd
Chart of the week: Gold is the 2nd largest asset held in global reserves
Global central banks gold holdings as % of all reserves reached 17.60% in 2023 and are still rising
GLOBAL MARKETS INVESTOR
MAY 25, 2024
In 2023, gold share in global international reserves held by central banks exceeded Euro for the 1st time in history. Yellow metal now accounts for 17.60% of all worldwide reserves. The first place invariably takes the US dollar with a 48% share. The United States dollar has been the world’s reserve currency for over 60 years.
Official world gold reserves also reached 1,170 million fine troy ounces, the highest level since the 1970s’. They are now higher than just before US President Richard Nixon broke the US Dollar’s link to gold in 1971.
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Gold Telegraph
@GoldTelegraph
Costco has been selling gold and silver at a rate of $200 million per month. The heat is rising. Hello?
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Gold Telegraph
@GoldTelegraph
Welcome to the era of gold.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS: INDIA’S CENTRAL BANK INCREASED ITS GOLD RESERVES BY THE MOST IN ALMOST TWO YEARS LAST MONTH
Another one.
“India added more than nine tons in June, the council says…”
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Gold Telegraph
@GoldTelegraph
The race is on for gold from central banks not just to buy the pet rock but to bring it home.
Hey, @paulkrugman. I hope you are taking notes.
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Gold Telegraph
@GoldTelegraph
Paul Krugman:
– Underestimated the internet
– Calls gold a “pet rock”
– Was one of the first to describe inflation as transitory
Meanwhile, Inflation has destroyed the middle class as wealth inequality.
He is a Nobel Prize winner. Believe in yourself.
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