Gold Telegraph
@GoldTelegraph
Several life insurers in India are seeking approval to invest in gold exchange-traded funds (ETFs). Another trend appears to be unfolding.
The President of the United States is encouraging the leader of the Federal Reserve to resign. Well… The pressure is on.
According to the Bank of America, bearishness on the U.S. dollar hit a 20-year high among global fund managers in May.
Note: The world’s second and third largest sovereign gold holders are now considering bringing their gold back home from the U.S.
The movie continues to play.
Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s. Back then, gold anchored the world financial system. Do you think it’s a coincidence?
The Bank for International Settlements is warning that we have entered a pivotal moment in the global economy, marked by rising uncertainty and declining trust in institutions like central banks. This is the central bank for central banks. Trust is fading.
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Central banks move markets. Mineral belts move empires. Many people still do not understand this fact. They will eventually.
Source(s):
https://x.com/GoldTelegraph_/status/1938665207582068880
https://x.com/GoldTelegraph_/status/1938759084418732102
https://x.com/GoldTelegraph_/status/1938761578523803931
https://x.com/GoldTelegraph_/status/1939095563724525657
https://x.com/GoldTelegraph_/status/1939332896432717987
https://x.com/GoldTelegraph_/status/1939510738227511494
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