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Gold Telegraph: The Battle for Resources is on

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Gold Telegraph 
@GoldTelegraph

The Federal Reserve says stablecoins could back the dollar’s reserve status. A sovereign wealth fund is being formed right now, and the USA on record holds 8,133.5 metric tonnes of gold priced at $42 on its balance sheet. Now… This would be a powerful move; gold stablecoin.

“We’re going to monetize the asset side of the US balance sheet for the American people. There’ll be a combination of liquid assets, assets that we have in this country…” – Scott Bessant

The one thing the gold situation at the Bank of England is exposing: Fractionalized gold ownership is a very dangerous game.

https://www.ft.com/content/f6459ed1-8a65-4d89-8bd8-40e8546912f0

“Some hedge fund contemporaries of Scott Bessent, the hedgie-turned-US Treasury secretary, are speculating about a revaluation of America’s gold stocks….”

Bingo. @gilliantett The mainstream is starting to see it.

BREAKING NEWS: CHINA’S CENTRAL BANK EXPANDED ITS GOLD RESERVES FOR A THIRD MONTH IN JANUARY

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China continues to stockpile… At record prices.

“The move shows the PBOC’s commitment to diversify reserves…”

Source: https://www.bloomberg.com/news/articles/2025-02-07/china-s-central-bank-buys-more-gold-as-prices-hit-record

China will now allow insurance funds to buy gold. This is massive news. The rush is on.

The Canadian Prime Minister says the United States talks about absorbing Canada as “a real thing” and linking it to the country’s rich natural resources. I touched on this a few weeks ago… The battle for resources is on.

Canada is second largest country by land mass and home to some of the world’s best minerals…

Read:

With Canada now saying that the United States wants to absorb the country for critical minerals, the solution should be very clear: Develop these assets. The country has been sleeping for years with no support from its pensions.

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Here is a clip from a conversation I had with billionaire Canadian business icon Pierre Lassonde that really highlighted this massive issue. Only 2% of capital from pension funds is invested in Canadian public equities.

@PierrePoilievre

Watch the full conversation, here:

This will be part of a pilot project that expands investment options under the program, including gold spot physical contracts, gold spot deferred delivery contracts, and gold leasing businesses listed or traded on the Shanghai Gold Exchange.

Key: Shanghai Gold Exchange.

I don’t think people fully grasp the significance of China’s insurance companies buying gold. China is already the world’s largest gold consumer and producer. The Bank of China continues to accumulate gold. And now, insurance companies are opening the floodgates? This is big.

The United States Department of Government Efficiency team will investigate Pentagon spending to identify potential waste and fraud. It is a good idea, considering the Pentagon has failed 7 audits in a row. The U.S. spends more on its military than the NEXT 9 countries combined.

Source(s):
https://x.com/GoldTelegraph_/status/1887683245812179152
https://x.com/GoldTelegraph_/status/1887701378463617327
https://x.com/GoldTelegraph_/status/1887734078491017386
https://x.com/GoldTelegraph_/status/1887796169117417494
https://x.com/GoldTelegraph_/status/1887812519085138375
https://x.com/GoldTelegraph_/status/1887930283057614879
https://x.com/GoldTelegraph_/status/1887977036733628770
https://x.com/GoldTelegraph_/status/1887981324729979356
https://x.com/GoldTelegraph_/status/1887993862930710538

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