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U.S. banks will have a much harder time manipulating gold prices in the futures markets when Basel III regulations start applying to them on July 1, London metals trader Andrew Maguire says in this week's edition of Kinesis Money's "Live from the Vault" program. Pricing power in the gold market has already shifted from the New York Commodities Exchange to Asia, Maguire says, and will shift even more after July. Even now, Maguire says, China has been using smashes in the futures market to acquire as much physical gold as is available. The program is 45 minutes long and can...

Many, from Elliot Wave experts to the dollar-hugging faithful, are asking if we are now reaching a moment of “peak gold”? The evidence, and answer, is: No. Our Currency, Our Problem Gold has made massive price moves in 2025, touching $3500 just days ago and finally making headlines in a politicized world, media and financial system that has otherwise deliberately attempted to ignore and downplay gold for decades. But can we really blame those silly little “experts” with political incapacities for honesty? After all, rising gold is proof positive that a debt-soaked nation is in deep trouble, as its currency...

The BRICS+ coalition is finalizing their plans for a financial system independent of the U.S. dollar.These plans will become clear during their scheduled summit this July in Rio de Janeiro, which people have nicknamed the “Rio Reset.”5-6 July 2025This move represents what may be the most significant challenge to U.S. financial dominance since the 1944 Bretton Woods Agreement established the dollar as the world’s reserve currency.What Is the Rio Reset?The Rio Reset marks the culmination of a decade-long effort by BRICS nations (Brazil, Russia, India, China, South Africa). These nations, now joined by Iran, Indonesia, the United Arab Emirates, and...

BRICS member China has unveiled the world’s first Gold ATM that melts, tests, and converts gold into instant bank transfers. The ATM has already witnessed long queues of people trying to sell off their generational gold. Users need to book an appointment to use it, and according to early reports, appointment slots are full until as late as May. The Gold ATM is operated by China’s Kinghood Group and is installed at a mall in Shanghai. The machine weighs, checks the quality, and analyses the Gold before dispensing the money equivalent to the price that was put in. The ATM...

Amid the tariff war, China floods social media with videos revealing the truth about designer products. China has let ALL the cats out of the luxury bag. With social media capturing global attention amid the tariff war between China and the US, the contender in the red corner has unleashed a flurry of short video jabs that have essentially exposed the entire luxury goods industry. You may have seen a few (or many) already, and if not, you likely will soon. International platforms like Instagram, Threads, X, and LinkedIn are currently flooded with content creators and factory representatives detailing exactly...

China has warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world’s two biggest economies. The Asian country respects all parties resolving economic and trade differences with the United States through consultation on an equal footing, but it will firmly oppose any party striking a deal at China’s expense, its Commerce Ministry said. Chinese officials “will take countermeasures in a resolute and reciprocal manner” if any country sought such deals, a ministry spokesperson said, addressing a news report that the Trump Administration was...

China prepares war LIKE footing

Don’t go by the defiant rhetoric, China is hurting and in deep trouble over Trump’s tariffsFor the purpose of writing this column, I had to do some research as I always do. What struck me was how effortlessly China is winning the battle of narratives. It’s all a little confusing. We are apparently in the middle of a trade war, caught in the crossfire as the world’s two largest economies slap each other with tariffs in an escalatory spiral with the Donald Trump administration imposing 145% levies on most Chinese goods this month. That’s more than a little concerning for...

China is doubling down: China has just announced that they will be pulling back from US private equity investments. Chinese state-backed funds are halting new investments in US PE firms due to government pressure. According to PE executives, funds like China Investment Corporation (CIC) have already begun withdrawing planned commitments. Chinese investors are also avoiding US-linked deals, even when managed by non-US based PE funds. Just 24 hours ago, China warned they would retaliate against countries that cooperate with the US in ways that compromise their interests. It's very clear what's happening here: China is seeking to isolate the US...

@PeterSchiff Gold is not just any commodity, it's money. Under normal circumstances gold does not move the way it is now. It's already up another $58 tonight, trading above $3,483. This is the end of the U.S. dollar's dominance. Life in America is about to change in ways few can imagine.

The BRICS group of nations—Brazil, Russia, India, China, and South Africa—has long aimed to challenge Western-controlled financial systems and reduce the world’s reliance on the US dollar. Now, that mission is getting an unexpected push, thanks to new tariff policies introduced by US President Donald Trump. BRICS Bloc Gains Momentum Amid US Trade Setbacks Trump has declared what he calls “Liberation Day,” a move that marks one of the biggest protectionist trade shifts since the 1930s. These new tariffs target both enemies and allies, and are expected to slow trade, increase prices in the US, and put brakes on global...

Russian President Vladimir Putin said that Ukraine could be placed under a “temporary administration” as part of a peace process that could include help from North Korea and other Moscow allies, according to Russian state media. Speaking to a group of servicemen in Russia’s northern port of Murmansk, Putin laid out several provisions for a peace process to end the three-year war launched by Moscow in February 2022, according to Russia’s state news agency, TASS. Among Putin’s many suggestions was a call for new elections in Ukraine and the “signing of key accords” once the country is under international administration,...

China warned it is ready for any “type of war” with the US in an alarming escalation as President Trump’s tariffs went into effect. “If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,” Chinese Foreign Ministry spokesperson Lin Jian said late Tuesday. Tensions grew stiff between the two nations on Tuesday as Trump bumped up a 10% tariff on Chinese imports to 20%, claiming the trade measure would halt the flow of fentanyl into America. Jian’s statement, reiterated on X by...

US and Russian delegations to meet again in Saudi Arabia on February 25 for negotiations to end the war in Ukraine.

Russian President Vladimir Putin has directed his Cabinet of Ministers to prepare for the return of Western companies to the Russian market, stating that domestic firms should maintain "certain advantages" over those seeking to resume operations. Speaking at the Future Technologies Forum on February 21, Putin indicated that Russia would set conditions for companies looking to re-enter. "We can adjust accordingly the return to our market of those who want to return," he said, suggesting potential restrictions or regulations. He added that external pressures and sanctions, despite their challenges, have played a "stimulating role" for the Russian economy. The remarks...

- Will be looking at the IRS - Car tariffs are coming soon - Would love to have Russia back in G7 - Elon Musk’s DOGE is doing a great job - Deadline to ban TikTok could be extended - Taiwan took our chip business—we want it back - Not concerned about countries shifting business to China - Wants talks on military spending cuts with Russia & China - No need for producing or stockpiling new nuclear weapons - BRICS nations playing with the dollar could face 100%+ tariffs

Washington -- The United States will impose tariffs on the countries that "harm" America, President Donald Trump has said, as he named China, India and Brazil as high-tariff countries. “We're going to put tariffs on outside countries and outside people that really mean harm to us. Well, they mean us harm, but they basically want to make their country good,” Trump told House Republicans at a Florida retreat on Monday, the first after he became the president for the second term last week. “Look at what others do. China is a tremendous tariff maker, and India and Brazil and so...

QUESTION: Regarding CBDC, will they convert all the savings/cash in your bank account, will they convert everything in your brokerage accounts (all stocks etc.) will they go after gold and silver you have in storage (Brinks, for example)? KS ANSWER: Everything will be converted to the new CBDC. The money in your bank account is already just an electronic book entry. This is why banks are closing branches everywhere in the USA as well as Europe. They are preparing for CBDCs, which means without physical paper money, bank branches are no longer needed. You can deposit a check on your...

Officials in Russia say drones launched by Kyiv have hit Kazan, a city more than 600 miles from Ukraine which hosted an international economic summit two months earlier. Video on social media shared Saturday showed the drones striking apartment blocks in the capital of the Russian republic of Tatarstan where a meeting of the Moscow-led BRICS bloc took place in October. (snip)Tatarstan is a multiethnic Russian republic which is home to a significant Muslim minority. Between October 22 and October 24, its capital, Kazan hosted the summit of BRICS countries which include Brazil, India, China and South Africa, and is...

The Iranian rial has sunk to its lowest value in history in the five weeks since the re-election of former US President Donald Trump, the Associated Press reported. The rial traded at 703,000 to the dollar on November 5, the date of the 2024 U.S. presidential election. It now trades at 777,000 to the dollar, a loss of about 10 percent. The incoming Trump Administration is expected to renew its maximum pressure campaign against Iran, including the enforcement of powerful economic sanctions. Last week, The Wall Street Journal reported that Trump and members of his incoming administration have begun reviewing...