Gold Telegraph
@GoldTelegraph
Hard assets are having a great day.
Gold above $2450.
Silver up nearly 3%
Copper up over 2%
has just commenced its Phase 2 drill program, targeting 16,500 meters of drilling at a deposit that hosts all those minerals.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
CHINA WILL IMPOSE EXPORT LIMITS ON ANTIMONY AND RELATED ELEMENTS IN THE NAME OF NATIONAL SECURITY
Another one.
The strategy is clear…
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“China accounted last year for 48% of global mined output of antimony, a strategic metal used in military applications…”
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
FEDERAL RESERVE PAYOUTS ADD ANOTHER $100 BILLION TO SOARING COST OF UNITED STATES DEBT
Read that again.
The jokes continue to write themselves.
“The Fed has been a significant factor in US debt-cost calculations ever since it started ramping up holdings of Treasury securities under the policy known as quantitative easing…”
Source: https://www.bloomberg.com/news/articles/2024-08-15/us-debt-cost-surge-is-100-billion-worse-when-fed-is-factored-in
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Gold Telegraph
@GoldTelegraph
Over the 12 months ending in July, the Treasury paid around $861 billion in net interest on the national debt.
$861 billion.
This is more than the United States defence budget.
As I have said for years, debt is a national security problem.
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Gold Telegraph
@GoldTelegraph
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The strike at the world’s largest copper mine has now entered its third day.
5% of the world’s total copper output.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
PROPOSAL TO BAN OPEN-PIT MINING ADVANCES IN MEXICAN CONGRESS
Mexico is the biggest silver producer on the planet.
“The changes would also prevent the exploitation of water in areas with water scarcity, with the exception of extraction in populated areas for domestic use…”
Source: https://www.reuters.com/markets/commodities/proposal-ban-open-pit-mining-advances-mexican-congress-2024-08-15/
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Gold Telegraph
@GoldTelegraph
China is acquiring mines, restricting exports of minerals where they hold monopolies, and actively pursuing de-dollarization.
Again, this is real-world sovereign chess.
The West needs to produce more minerals, not less.
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