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Gold Telegraph: The Glue of the Economy

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Gold Telegraph 
@GoldTelegraph

China’s central bank extended its gold-buying streak to 14 months. Nobody truly knows how much gold China really owns. The biggest producer and consumer on the planet.

Gold has surpassed US Treasuries as the world’s largest reserve asset globally for the first time in 30 years. Change is in the air.

BREAKING NEWS: S&P GLOBAL IS WARNING A BIG COPPER SHORTAGE TO POSE SYSTEMIC RISK TO GLOBAL ECONOMIES

You don’t say? The copper story is going to continue getting loud.

“Data group forecasts deficit of 10mn tonnes by 2040, equivalent to nearly one-third of current global demand…”

Source: https://www.ft.com/content/9d69ce4d-648e-44f9-812d-ecb811b751e5

Glencore and Rio Tinto have resumed discussions around a potential megamerger… one that would create the world’s largest mining company. $260 billion megadeal. The COPPER story is really heating up.

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Here: https://news.sky.com/story/glencore-and-rio-tinto-resume-talks-on-mining-mega-merger-13492203

A BHP executive is warning that COPPER will hit a structural deficit around 2030. The scramble for copper continues. The world is going to soon wake up to the fact that this mineral is the glue of the economy. Up over 2% today.

Nearly a quarter of global copper demand may go unmet by 2040. The world obsesses over artificial intelligence… But copper is the intelligence beneath the intelligence. First principles.

Copper is no longer just an industrial metal. It is a stress test for the global order. The world is catching up to this reality, as we saw S&P Global warn that a big copper shortage poses systemic risk to global economies. Minerals run the world. Don’t forget that.

United States federal prosecutors open inquiry into Federal Reserve chair Jerome Powell… I have always said we would see the lights. Welcome to Hollywood.

Jerome Powell says DOJ is threatening the Federal Reserve with criminal charges for refusing to follow President Trump’s interest rate demands. Grab popcorn.

Source(s):
https://x.com/GoldTelegraph_/status/2009036569022185696
https://x.com/GoldTelegraph_/status/2009245379859218933
https://x.com/GoldTelegraph_/status/2009330372149133747
https://x.com/GoldTelegraph_/status/2009386833197535727
https://x.com/GoldTelegraph_/status/2009619408608530461
https://x.com/GoldTelegraph_/status/2009788672858546362
https://x.com/GoldTelegraph_/status/2010170331886203067
https://x.com/GoldTelegraph_/status/2010517322897727496

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