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Gold Telegraph
@GoldTelegraph
The Prime Minister of Malaysia is heading to India to reset ties.
They want to join BRICS.
Remember, they wanted to reintroduce the gold dinar as a reserve currency in late 2023?
Things that make you go hmmmm.
That last line I thought of @ttmygh.
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Gold Telegraph
@GoldTelegraph
There is a gold rush in India.
– The central bank continues to add to its reserves.
– Local demand is surging with the recent reduction in import duties.
Access to gold is becoming easier in one of the world’s biggest consumer markets.
Another nation belonging to BRICS.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
WOOD MACKENZIE IS WARNING THAT REMOVING CHINA FROM THE WORLD’S COPPER SUPPLY CHAIN WOULD CREATE A $85 BILLION GAP FOR WESTERN ECONOMIES TO FILL
We need more high-grade copper projects to come online in the West.
“WoodMac estimates that demand for the metal is set to rise as much as 75% to 56 million tonnes by 2050…”
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Gold Telegraph
@GoldTelegraph
Gold staying above $2500 to start the week.
Nice to see.
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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
CHINA AND THE UNITED STATES TO APPOINT CONTACT PEOPLE TO DEAL WITH ANY FUTURE “FINANCIAL STRESS EVENTS”
Interesting…
You should be asking:
“Why now?”
“Two sides shared names of contacts during Shanghai meeting…”
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Gold Telegraph
@GoldTelegraph
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Janet Yellen:
In 2017:
“We will likely not have a financial crisis in our lifetimes.”
In 2024:
Works out an agreement with China to have contact people to deal with any future financial stress events.
How can you not laugh?
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Gold Telegraph
@GoldTelegraph
For the first time in history, 400-ounce gold bars have surpassed the $1 million mark in U.S. dollar terms.
In other words,
Gold is starting to showcase its superiority against the dollar.
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It still is very quiet out there…
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