Switzerland has long been a mecca for finance, banking and precious metals. Although all of the country’s native metal deposits were mined long ago, some of the most renowned and legendary refiners are still operating there.
As the impact of the ongoing banking crisis begins to be felt at home, many Americans are shifting their priorities to protect their financial assets.
The shifting of and diversification of assets is likely continue at a rapid pace in the coming months as excess dollars and crypto funds are moved into hard assets like gold, silver, land, ammunition, firearms and stable food in the coming months as smart investors prepare for further economic hardship.
According to a recently released statement, JP Morgan Chase is the currently sole custodian of 459,485,125.800 troy ounces of fine silver on behalf of the Blackrock owned iShares Silver Trust (SLV).
New physical gold-backed ETF to appeal to “climate conscious” investors passes along the higher cost of carbon offsets to investors.
Elected officials from both the Texas Senate and House have proposed complementary bills to create a state issued digital currency option that would be backed with gold and fully redeemable for either fiat cash or gold.
Both traders were convicted after a jury trial of manipulating market prices of precious metals up or down by placing large “spoof” orders in the COMEX and NYMEX they never intended to fill. The convictions prove that they intentionally manipulated prices for their own gain and increase profits for the banks.
It is not a conspiracy theory that the central banks intend to use CBDC as a means of control. It was explicitly explained during their annual meeting in 2020.
Auditors say the mint failed its due-diligence on Euro-Pacific customers and suggests the refiner sold or is holding precious metals of “tax cheats, kleptocrats and foreign criminals”.
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
Some see the rise in demand by central banks buying gold as a signal that countries that have been bullied by Western economic policies as being eager for an alternative system that will create a more equitable system and fairer monetary standard.