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Gold Price Forecasts Skyrocket Following Moves by China and the Fed
BMO Capital Markets published updated commodity price forecasts with gold upgraded to $2,700 per ounce. Traditionally bearish on precious metals, BMO has been forced to acknowledge the resiliency of gold and silver recently. Their previous fourth quarter forecast had gold at $2,350, but that was before the Fed’s first rate cut in four years.
Moving the needle for the long-term in the eyes of many economists is China’s position, prompting forecasts of $3,000 ounces or higher. Their push for de-dollarization coupled with their own market woes have promoted gold in the eyes of many investors.
As gold and silver rise, Americans are increasingly moving their wealth or retirement into physical precious metals. But with the increased interest comes questions of long-term viability. If everyone is trading in the same gold and silver products, will average Americans be left out?
The massive shift of money being exchanged for physical precious metals started in 2022 with Central Banks across the globe breaking records. The frenzy caught on with large investment firms and financial institutions like BlackRock and JPMorgan in 2023.
more at:
>https://thelibertydaily.com/gold-price-forecasts-skyrocket-following-moves-china-fed/
Saudi Crown Prince Mohammed Bin Salman reportedly told Secretary of State Antony Blinken that he "personally" does not care about Israel's treatment of Palestinians.
>https://www.timesofisrael.com/report-details-how-us-stopped-israel-launching-hezbollah-war-based-on-false-alarm/
>https://x.com/stairwayto3dom/status/1839262800864014519
>Trans Jordanians
https://www.politico.eu/article/king-jordan-abdullah-tells-german-chancellor-scholz-wont-take-refugees-from-gaza-israel-hamas-conflict/
Religion of peace?
Rep. Darrell Issa sold 10's of millions of dollars in USA Treasuries last year.
>https://www.quiverquant.com/congresstrading/?
Just now disclosing it
De-dollarization to accelerate:
The BRICS member nations are jointly developing a payment and settlement framework to be used for trading within the bloc, Russian President Vladimir Putin has said.
During his speech at the Russian Energy Week forum in Moscow on Thursday, Putin stressed that supplies of Russian oil and gas to ‘friendly’ countries allow them to ensure economic stability and compete more successfully in the global market.
However, the president acknowledged that “certain difficulties” remain when it comes to foreign nations making payments for Russian energy. Russia had been switched off from the SWIFT international banking system as part of sweeping sanctions imposed on Moscow by the West over the Ukraine conflict.
”As part of cooperation with BRICS countries, we are working to create our own payment and settlement system,” he said.
According to the Russian leader, it will allow the member states to “create conditions for the effective and independent servicing of all foreign trade” amongst themselves.
Another African nation interested in joining BRICS Another African nation interested in joining BRICS
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Another African nation interested in joining BRICS
Russia is already actively switching to the use of national currencies in trading with BRICS countries and “our partners are extremely interested in this,” he said.
The share of the ruble in the country’s foreign trade operations has increased almost threefold between 2021 and 2023, Putin stressed. In the first half of this year, it stood at 39.4%, he said.
As the current chairman of BRICS, Russia is hosting the bloc’s annual summit in Kazan from October 22 to 24. On January 1, 2024,Iran, Egypt, Ethiopia and the UAE officially became new BRICS members, joining Brazil, Russia, India, China and South Africa.
Earlier this month, theNew York-based Nasdaq stock exchange warned in an article on its website that BRICS nations are looking to establish a new reserve currency backed by a basket of their respective currencies.
more at:
https://www.rt.com/news/604721-brics-payment-framework-putin/
Dollar Dominance in the International Reserve System: An Update
https://www.imf.org/en/Blogs/Articles/2024/06/11/dollar-dominance-in-the-international-reserve-system-an-update
China’s Newest Nuclear Submarine Sank, Setting Back Its Military Modernization
https://www.wsj.com/world/china/chinas-newest-nuclear-submarine-sank-setting-back-its-military-modernization-785b4d37
Today our dear government gave $16.7 billion dollars away to foreign entities for ~~war~~ killing people, when that same amount of money, if given to each American citizen, would have an extra $50 in their pocket.