Saudi Central Bank Caught Secretly Buying 160 Tonnes of Gold in Switzerland

Money Metals ^ | 12 Sep 24 | Jan Nieuwenhuijs

[delta7]

Saudi ditched their USD petro dollar agreement last month, has Joined Brics ( they are backing their M Bridge Unit in 40 percent Gold), ….dumping huge amounts of US debt instruments…as are other nations( yes even Japan)…dedollarization worldwide now occurring.

Note: China has recently been discovered to hold 40,000 tons of Gold to the US’s 8,000 tons…..two-plus two= Brics Summit starts Oct 22….it will be historic!

[aMorePerfectUnion]

If YOU would like to be on a Gold & Silver PING LIST, please pm me.

The Gold & Silver Ping List covers the following:

Everything Gold & Silver
Stock market investments in mining companies,
etc.

[faithhopecharity]

They’re not friendly with the Christian world. Neither are they trustworthy. But they’re not stupid when it comes to money . The Biden regime has depreciated the purchasing power of the USD by at least a third in just these last couple years. Holding USD is a LOSING strategy. Much as the vice president of the communist Chinese central bank has been complaining about.

[chud]

Yep. Countries - especially BRICS countries - seem to be buying a lot of gold.
It's almost like they're getting ready for something...

[PGR88]

Caught? Are they doing something illegal?

[PGR88]

US budget deficit hit $1 Trillion for the year, and its only Sept. 12

We should all be getting ready for something.....

[House Atreides]

“ Although the Saudis played a key role in the birth of the global dollar standard in the early 1970s, this time around they might even become a lynchpin for its dissolution.”
****************************************************************

This is my fear. This would be one of the (perhaps or perhaps not) unintended consequences of the American/EU neocon/globalists from their Ukraine Project and its attendant blowing up of gas pipelines and seizure of sovereign wealth.

[Migraine]

A better term might have been: “noticed”.

[rellic]

What is more valuable to YOU!
A pound of gold or a freezer full of food?

[SteveH]

world gold production is supposedly 3000 tons/year.

in 2.5 years, 7500 tons.

160/7500 = 2%

the gold price has gone up $70/oz in the last 9 calendar days, from about $2496/oz to about 2568/oz, or 2.7%.

[SteveH]

seeds, subsonic 22 ammo, antibiotics...

:|

[Repeal The 17th]

Well, if I were to ever buy 160 tons of gold,
I would do it secretly.

[PghBaldy]

Does US Gov use calendar year of fiscal year? If the latter, the year is nearly over. Still awful either way...

[NetAddicted]

Yep. Why does anyone care? Except investors.

[linMcHlp]

$800,000,000 - not a crisis

[montag813]

Gold is so going to $5,000 within 2 years.

[eastforker]

I remember back in the 70’s, when stationed in S Korea, you could buy an ounce of gold for about $35. I never did but I knew a few guys that would purchase a couple ounces every payday. At the time, gold trade, other than historic coins, were forbidden in the US. There was always the puzzle of how to get that gold back home. Some mailed it back a little at a time. At $35 an ounce that wasn’t that much risk.

[crazycat]

When the German asked the US for their Gold back ...it took years and much that was sent back, was new bars....suggesting that Fort Knox...may have damn all....why else take so long and have to deliver new bars...

[mabarker1]

Well the first thing I would need to know is there going to be a constant supply of Electricity to run the freezer ?

Frozen food can and will be useless if it doesn’t stay frozen.

Gold (and Lead) on the other hand doesn’t require being frozen or use electricity.

[Sirius Lee]

China has recently been discovered to hold 40,000 tons of Gold to the US’s 8,000 tons….

How do we know about the latter? When was the last time Ft. Knox was audited? 1986?