Other states, also. https://www.providentmetals.com/gold-coins-bullion-bars-rounds/gold-notes.html
Posted on 11/07/2022 3:38:36 PM PST by RomanSoldier19
Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold.
According to the World Gold Council (WGC), central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Retail demand by jewelers and buyers of gold bars and coins was also strong, the WGC said in its latest quarterly report.
WGC says that the world's gold demand amounted to 1,181 tonnes in the September quarter, good for 28% Y/Y growth. WGC says among the largest buyers were the central banks of Turkey, Uzbekistan, Qatar and India, though other central banks also bought a substantial amount of gold but did not publicly report their purchases.
The Central Bank of Turkey remains the largest reported gold buyer this year, adding 31 tonnes in Q3 to bring its total gold reserves to 489 tonnes. The Central Bank of Uzbekistan bought another 26 tonnes; the Qatar Central Bank bought 15 tonnes; the Reserve Bank of India added 17 tonnes during the quarter, pushing its gold reserves to 785 tonnes.
(Excerpt) Read more at oilprice.com ...
I’m keeping both. Lots of both.
Sorry for your loss ❤️
Good for you. And, Thanks. :)
How can gold be a money when its total value is
is like 4.5% of the worlds debt?
———-
The worlds debt is at 380 trillion dollars of paper, at current inflation rates, it turns to toilet paper. If you haven’t noticed, “ money” is moving to “ commodity based currencies “, which is the reason the Ruble has been gaining rapidly in value. You think in todays terms, not the near future
Other states, also. https://www.providentmetals.com/gold-coins-bullion-bars-rounds/gold-notes.html
Gold and other precious metals are the only real money. The debt you speak of is laid on worthless paper based on faith.
The world is heading for a commodities-based economy, and the currency isn’t going to be the dollar, or any other paper.
If the true believers were right gold and crypto would be at all time highs right now.
Guess what….
Y’all think your creditors are going to accept chickens as payment?
I have plenty of them and they taste better than gold.
Somehow I don’t think it will work that way.
Can’t eat, burn, or drink gold.
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