Gold Telegraph
@GoldTelegraph
BREAKING NEWS: THE EUROPEAN CENTRAL BANK SAYS GOLD HAS OVERTAKEN THE EURO AS THE WORLD’S SECOND MOST IMPORTANT RESERVE ASSET FOR CENTRAL BANKS
The pieces are starting to come together.
“Bullion second only to US dollar in 2024 after record central bank purchases…”
Source: https://www.ft.com/content/0d175cad-db7c-4dc2-83a8-90736f96f198
Billionaire Jeffrey Gundlach is warning that a reckoning is coming for US debt, which may lead investors to move out of dollar-based assets. The alarm bells continue to ring.
We have now reached the amplified poetry stage.
Today, the ECB announced that gold has overtaken the euro as the second-largest reserve asset.
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Yes, the same ECB that recently warned physical gold demand is a risk to financial stability.
Imagine that? This is getting beautiful.
There is a reason gold is one of the most feared assets on the planet by many powerful people.
The World Bank is warning that the global economy will see the slowest decade for global growth since the 1960s. When it rains. It pours.
I wrote this three months before one of the most significant global conflicts erupted. History doesn’t repeat, but it rhymes and the signals were there. Our world is far more interconnected than most understand.
Gold is approaching record highs in US dollar terms.
Join @Frank_Giustra and me at the 2025 Precious Metals Summit in Beaver Creek, Colorado on September 9th for a in depth 45-minute discussion.
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Given the state of global markets and geopolitics, there will be no shortage of topics to cover…
You can apply to attend the event, here: https://precioussummit.com/events/2025-precious-metals-summit-beaver-creek/…
It is always lots of fun. I hope to meet some of you there.
Since 2000, China’s official gold reserves have increased from 395 to over 2,200 tonnes, according to their claims.
No one really knows the true number.
Biggest producer.
Largest consumer.
Today?
Gold is the world’s second-largest reserve asset.
Vietnam has officially gained admission to BRICS as a “partner country.” Another one.
The Strait of Hormuz moves 26% of the world’s oil. With everything going on today… Anyone watching energy markets should keep a close eye on this chokepoint.
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Source(s):
https://x.com/GoldTelegraph_/status/1932814500736217577
https://x.com/GoldTelegraph_/status/1932936464050049223
https://x.com/GoldTelegraph_/status/1932944801630208109
https://x.com/GoldTelegraph_/status/1932960866967957722
https://x.com/GoldTelegraph_/status/1933345366415716697
https://x.com/GoldTelegraph_/status/1933607181594824855
https://x.com/GoldTelegraph_/status/1933619205221593230
https://x.com/GoldTelegraph_/status/1933620659659419784
https://x.com/GoldTelegraph_/status/1933667113895591999
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