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Gold, News, Commentary, and The Unmasking of Economic Truths. 🌍
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This week,

The digital yuan was used for the FIRST TIME in an oil transaction.

This is a very significant milestone.

In December, the Chinese President proposed that Gulf nations utilize the Shanghai Petroleum and Natural Gas Exchange for energy transactions.

In 2022, the seven Persian Gulf countries accounted for approximately 32% of global crude oil production and possessed around 49% of the world's proven crude oil reserves as of the beginning of 2021.

Remember this as digital currencies increasingly become more relevant in the global monetary system.

Look out for a detailed article on this topic in the days ahead.

Read: https://x.com/goldtelegraph_/status/1718762766109168090?s=46
The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease.

60% of Canadian mortgages will renew within the next three years.

Central banks are trapped.

Very easy to see.

Read: https://twitter.com/GoldTelegraph_/status/1719039336812044668
The World Bank is warning that oil prices could be pushed into uncharted waters if the conflict in the middle east escalates.

The World Bank just said the quiet part out loud.

Inflation always starts with energy.

Read: https://x.com/goldtelegraph_/status/1719096485776859145?s=46
Today,

The Japanese yen has experienced its most significant daily decline against the dollar since April.

Gold back at all-time highs in Japan.

Remember,
Gold is a hedge against stupidity.

Read: https://twitter.com/GoldTelegraph_/status/1719408962167296269
Gold imports from Russia to Hong Kong surged by 750% from January to September 2023, compared to the same period the previous year.

There is a global gold reshuffling right now.

It is very clear,

Gold is playing a central role in the financial strategy of China and Russia.

Read: https://twitter.com/GoldTelegraph_/status/1719436115038601692
BREAKING NEWS

THE SWISS CENTRAL BANK HAS POSTED A $13.36 BILLION LOSS FOR THE THIRD QUARTER

Welcome to Hollywood.

Read: https://x.com/goldtelegraph_/status/1719445694908608814?s=46
The U.S. Ambassador to Canada says that for a secure transition to clean energy, Canada and the United States must enhance their domestic mining and refining of critical minerals.

Countries are starting to rush for critical minerals.

Copper...

Many continue to sleep on this.

Read: https://x.com/goldtelegraph_/status/1719485591887245725?s=46
Around the world,

Government officials, billionaire investors, and the largest asset manager in the world are warning about the need for MORE critical minerals to power our future.

The writing is on the wall.

Read: https://x.com/goldtelegraph_/status/1719496027336749306?s=46
MUST WATCH

Investing Legend Stanley Druckenmiller:

“We gotta stop guys, we are drunk. We are digging this deep hole. What are we doing here?"

100%

Watch: https://x.com/goldtelegraph_/status/1719731569701920936?s=46
Today,

China's biggest index provider launched two stock indices linked to gold, which include shares of global gold mining companies.

Read: https://x.com/goldtelegraph_/status/1719809391174865082?s=46
Japan has announced the country will spend over $113 billion in a new package to help people deal with inflation.

$113 billion.

Economically,

Japan is on another planet at this point.

Read: https://x.com/goldtelegraph_/status/1719905956367319290?s=46
The world's largest pension fund reported a $4.5 billion loss for the quarter.

Which pension fund is this?
Japan’s state pension fund.

The movie is getting good.

People are significantly underestimating the monetary mess in Japan.

Read: https://twitter.com/GoldTelegraph_/status/1720249602555924920
Saudi Arabia is engaged in ongoing discussions with Pakistan to purchase a portion of the government's stake in a $7 billion copper project, which is co-owned with Barrick Gold

The second-largest gold producer

The Kingdom is increasingly hunting for metal assets.

A trend...

Read: https://twitter.com/GoldTelegraph_/status/1720483410098188506
BREAKING NEWS

THE UK TREASURY WILL HAND OVER £170 BILLION TO THE BANK OF ENGLAND TO OFFSET LOSSES FROM ITS BOND-BUYING SCHEME OVER THE COMING DECADE

Yes, £170 billion.

The hits keep coming.

I see the lights of Hollywood.

Read: https://x.com/goldtelegraph_/status/1720526826018369725?s=46
History.

Monetary resets always start with a small group of people.

"Whoever has the gold, makes the rules"

Read: https://x.com/goldtelegraph_/status/1720551889497121069?s=46
The beautiful chaos of elements.

One of the most interesting things about the minerals we all hunt for is their deep connection to nature… which is almost unexplainable.

From the eruption of volcanoes to star collisions, elements demonstrate that they are not a social phenomenon but a universal one grounded in the complexities of our planet.

Many forget about this.

Read: https://x.com/goldtelegraph_/status/1721220686134587675?s=46
South Korea will ban short-selling shares until June to ensure a "level playing field."

Absolutely wild.

Financial markets are being manipulated all over the world right now.

You know what actually needs a level playing field?

The international monetary system.

Gold.

Read: https://x.com/goldtelegraph_/status/1721241563412770922?s=46