Gold Telegraph: One of the Many Reasons Countries are Rushing to Gold

Gold Telegraph 
@GoldTelegraph

I had a great first day at the Precious Metals Summit in Beaver Creek.

It was great meeting many readers today.

Gold is still well above $2500.

Interest payments on the U.S. national debt have now exceeded the Defense Department budget.

You have 35 trillion reasons to own gold…

What they should have asked in the debate?

A question about the U.S. dollar’s shrinking share in global reserves, which has fallen to 54.8% in 2024 from 71% in 2001.

What is helping eat away at this?

Gold.

Elon Musk said today that America is going bankrupt extremely quickly.

This is one of the many reasons why countries are rushing to gold.

Central banks bought a record 483 tonnes of gold in the first half of 2024.

Source(s):
https://x.com/GoldTelegraph_/status/1833747744566952361
https://x.com/GoldTelegraph_/status/1833750316140974163
https://x.com/GoldTelegraph_/status/1833756319452397974

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