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Let the Tracking Begin.. Trial Run?
Central bank proposes mandatory bank transfers for gold
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at VNĐ20 million (US$765) and above, to enhance transparency and verify customer identities.
HÀ NỘI - The State Bank of Việt Nam (SBV) is seeking public feedback on a draft amendment to Government Decree No. 24/2012/NĐ-CP on the management of gold trading activities, introducing new rules on payment methods.
A key change is a provision requiring bank transfers for gold transactions valued at VNĐ20 million (US$765) and above, to enhance transparency and verify customer identities. The SBV noted that this measure would not impose new obligations on customers[Its No Big Deal], as identity verification is already completed when they open and use bank accounts.
https://vietnamnews.vn/economy/1719876/central-bank-proposes-mandatory-bank-transfers-for-gold.html
Germany and Italy are being pressed to bring $245 billion of gold home from U.S
Submitted by admin on Mon, 2025-06-23 00:54 Section: Daily Dispatches
By Olaf Storbeck and Amy Kazmin
Financial Times, London
Monday, June 23, 2025
Germany and Italy are facing calls to move their gold out of New York following President Donald Trump's repeated attacks on the U.S. Federal Reserve and increasing geopolitical turbulence.
Fabio De Masi, a former Die Linke member of the European Parliament who joined the leftwing populist BSW party, told the Financial Times that there were "strong arguments" for relocating more gold to Europe or Germany "in turbulent times."
Germany and Italy hold the world's second- and third-largest national gold reserves after the United States, with reserves of 3,352 tonnes and 2,452 tonnes, respectively, according to World Gold Council data.
Both nations rely heavily on the New York Federal Reserve in Manhattan as a custodian, each storing more than a third of their bullion in the U.S. Between them the gold stored in the U.S. has a market value of more than $245bn, according to FT calculations. …
https://www.gata.org/node/23918
… For the remainder of the report:
https://www.ft.com/content/e39390cc-ea02-4197-843a-1e4c242422cc
A New World Currency is Shaping Through BRICS and Is Now One Step Closer
Did you know that Muammar Gaddafi, former leader of Libya, wanted to create a gold-backed dinar for all of Africa? He was the OG BRICS member.
Or that Gaddafi wanted to stop trading oil in US dollars because he thought our global financial system was a giant Ponzi scheme?
Well, the US couldn’t let that happen, so they declared war on Libya and overthrew Gaddafi.
Now, only a few days after the U.S. attacked Iran, people like Nassim Taleb, author of The Black Swan, say the US dollar has lost its throne.
In a recent Bloomberg interview, Taleb argued that gold is now the world’s de facto reserve currency. “The dollar is losing its status as a reserve currency… and gold is effectively now the reserve currency,” he said, pointing to the growing accumulation of gold in reserves worldwide.
While the jury is out on gold—we believe in Bitcoin, obviously—one thing is for certain: the US dollar is out, and systems like BRICS are rising in prominence.
A New World Currency is Shaping Through BRICS
Countries like China, Russia, and Iran are creating their own global currency called BRICS. BRICS stands for Brazil, Russia, India, China, and South Africa, and more than a dozen other countries have already signed on.
Independently, these countries are dwarfs to the US, but together, they represent 40% of the world’s population and, according to the IMF, 50% of the world’s GDP by 2030.
The US is no longer holding all the cards at the global table.
https://99bitcoins.com/news/a-new-world-currency-is-shaping-through-brics-and-is-now-one-step-closer/