Wealthy Family Offices Buying Gold
A new report from the World Gold Council indicates that private purchases of gold reached 329 tonnes from April to June, a nearly fivefold increase from the previous quarter.
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Gold Replacing the Dollar as Reserve Currency for BRICS Members
Central banks across the Global South have been actively bolstering their gold reserves in anticipation of this transition. China, a major player in this shift, has been consistently purchasing gold for 18 consecutive months, with a staggering $53.3 billion worth of U.S. Treasuries being sold off since the beginning of the year.
Why did RBI Repatriate 100 tons of Gold?
Economist and a member of the Economic Advisory Council to the Prime Minister of India, Sanjeev Sanyal, said on Friday that India will now hold most of its gold in its vaults. Citing the decline in confidence in dollar assets among central banks as one of the prime reasons
Customs agents arrest travellers trying to smuggle $240,000 of gold
The problems from illegal mining in some parts of the world extend well beyond the local level. Illegally mined gold often needs to be smuggled long distances across many borders before it can be sold.
US Government Debt now over $33.88 Trillion, USDebtClock.org
Earlier this year, the US Government hit a new milestone. The amount of government debt in the United States has grown to exceed $33.88 Trillion as a result of overspending by elected officials. The growing U.S. government debt is a complex issue with significant implications for American citizens and taxpayers.
Russian Economist Confirms: BRICS Currency Is Almost Ready
When trade happens in many different currencies, you have high costs of arbitrage of exchange rates between countries. When approaching dedollarization, central banks and countries need to simultaneously consider the fluctuations of national currencies of different countries.
Collectively, BRICS countries encompass over 40% of the world’s population and account for roughly 26% of the world’s GDP, representing a substantial share of global trade.
FBI Seizes $86 million in Cash from Customer Safe Deposit Boxes
Back in 2021, the federal agents raided U.S. Private Vaults, a private vaulting and safe deposit box company located in Beverly Hills, CA under the suspicion that the owners of the company were involved in money laundering.
More than $86 million dollars in cash and millions of dollars worth of jewelry and other valuable personal items were seized from the rightful owners, most who are innocent of any crimes or wrongdoing.
After two years of legal battles, some customers have managed to recover roughly $25 million in cash taken by the government.
Texas Committee Passes Bill To Create 100% Gold And Silver-Backed Transactional Currencies
Legislators in Texas are leading the charge against the Federal Reserve’s monopoly on fiat money by offering an option for people to conduct business in sound money.
Physical gold and silver that would support the backing of the digital currency would be stored in a pooled account at the Texas State Bullion Depository.
Zimbabwe to Launch Gold-Backed Digital Currency
Zimbabwe has had a long history of economic instability. From 2004 until 2009 the country experienced five years of hyperinflation.
More than ten years later, the economy is Zimbabwe is still in shambles. The Zimbabwe dollar was reintroduced in 2019. More periods of high inflation quickly followed.
SD Bullion Adds Buy Gold at Spot Offer for New Investors
First time customers can buy an Argor-Heraeus 10 gram Gold Bar at spot price which includes insurance and shipping. More details can also be found on the SD Bullion offer page.