Gold Telegraph
@GoldTelegraph
BREAKING NEWS: RIO TINTO GROUP AND GLENCORE HAVE BEEN DISCUSSING COMBINING THEIR BUSINESSES
This has the potential to become the largest deal in mining industry history… Interesting things are starting to happen in mining.
“Rio Tinto is the world’s second-biggest miner, with a market value of about $103 billion at the close of trading in London on Thursday, while Glencore was valued at about $55 billion…”
Source: https://www.mining.com/web/rio-tinto-glencore-discuss-potential-combination/
Scott Bessent, the incoming Treasury Secretary of the United States, has opposed the idea of a U.S. Central Bank Digital Currency.
This is massive news.
Hopefully, he leverages the United States’ position by issuing a long-term bond, redeemable in physical gold, to help restore the country’s monetary integrity and take a leading role in global financial stability. @judyshel
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This represents a massive opportunity.
“Scott Bessent is a proud economic historian and, I am sure, also understands the role of gold in the international monetary system. This would come at a time when central banks are increasingly diversifying their strategies…”
Read:
IS THE UNITED STATES CONSIDERING A GOLD-BACKED TREASURY INSTRUMENT? 🇺🇸
— Gold Telegraph ⚡ (@GoldTelegraph_) November 25, 2024
Some interesting coincidences…
“We are going to have to have some kind of a grand global economic reordering.”
Scott Bessent, the incoming Treasury Secretary, is stepping into the spotlight to manage the… pic.twitter.com/LUFphhhRfb
The incoming Treasury Secretary of the United States has pledged to ensure the dollar remains the world’s reserve currency, outlining a vision for a “new economic golden age.” Interesting vision… Golden age.
The U.S. must leverage its gold to restore confidence in its monetary system Quantitative easing has fueled asset bubbles, widened wealth inequality, eroded the dollar’s value against gold and exported inflation Today? Nations are stockpiling gold and cutting treasury exposure
Source(s):
https://x.com/GoldTelegraph_/status/1880015041338175636
https://x.com/GoldTelegraph_/status/1880053206551785953
https://x.com/GoldTelegraph_/status/1880058555572818084
https://x.com/GoldTelegraph_/status/1880064554983674084
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