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Date Posted: 7:18:05 1/04/23 Wed
Author: Jasper
Subject: Probably nothing to see here but then this may be a new paradigm.

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Here’s something that seems entirely missed though. China produces 600mt of gold per year and has done so for many years. This is gold which never leaves China and yet now, when they mention they’ve increased their reserves by 32mt in three years, the financial media all get their panties in a bunch. “Oooh look, the Chinese are buying. They’re buying!!”

Folks, as you can see, that amount is pretty meaningless when considering what I just mentioned. Never mind the massive gold imports, including 1,000 mt per month, for 30 consecutive months starting in 2012.

Anyway, my point is this. When governments lie about everything else, why would we ever trust what they say about their gold holdings? Only a fool would do so.

I think it’s safe to say that after the West stole Russians’ FX reserves, it sent a message to the rest of the world. Your assets are no longer safe in our hands. Rule of law be damned!

This brings me to another topic which we’ve covered in the past here and is now worth bringing back into the limelight.

This is that countries can bypass the IMF and trade goods for goods. They can actually do this in USD, but now the problem lies in them pissing off Western masters who control the banking systems, allowing for this trade to take place.

Trade really requires something they can all trust and is stable. That’s step 1, and step 2 is the need for that system to be outside of the West who are threatening them.

https://www.zerohedge.com/news/2023-01-03/gold-could-reach-bruce-willis-level-soon



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