"Emerging markets central banks wil be buying gold for decades" John Reade - World Gold Council

[@tonyricco777]

Post 2 of 2 29:15 - I believe that the UAE might be the BRICS' warehousing hub for gold reserves moving forward. I find it very interesting that the UAE will not settle oil sales in Federal Reserve Bank Debt Notes any longer since Jan 1, 2024------can't even use those debt notes to buy oil from the UAE in 2024 when I can remember when gulf nations used to get an aircraft carrier fleet full of "democracy" back when Saddam sold oil to France & settled in Euros 20+ yrs ago. This time, it IS different! Looking forward to more of your content.

[@anticosmopolitan]

I think Hong Kong could well be the new place everyone can trust. The Chinese are very careful to let Hong Kong continue doing its thing undisturbed and remain fully plugged into the global financial system; they just don't want the place to be come a den for crooks and fugitives from justice on the Mainland. For the rest, they don't care what Hong Kong does financially internally. Furthermore, I think they actively want to signal respect for Hong Kong's internal affairs (as far as those don't undermine the Mainland) as an example to seduce Taiwan with. And by now Hong Kong's financial scene already has a solid 25+ year track record under Chinese suzerainty for everyone to be able to chill. Additionally, the presence of China as a superpower in the distant background as guarantor of Hong Kong's security, ensures that no outside country's military or sanction freaks will mess with Hong Kong the way they can with the very vulnerable country of Singapore.

[@Peterhartill]

UAE will be the Location of the BRICS bank

[@Brendan-e7n]

Store it with the BIS

[@darinthesecularspiritualist]

There is tonz more gold than public knows. Grand canyon mucho gold

[@14Unow]

No. There is not enough gold to act as a gold backed anchor. Need a basket of different commodities like oil, wheat, steel, silver, copper etc.

[@FrankKnopers]

When the price is right, there is more than enough gold to serve the purpose.

[@danielhutchinson6604]

Russians announced a desire to return to a Physical Currency standard in their economic actions over 20 years ago. The USA appears to desire minerals for manufacturing that are found in Many former Colonies of the United States. The amount of available resources in the G-7 Nations appears to be about 20% of the total on this planet. Like any other Colonial Exploitation plan, the G-7 Nations who developed their lifestyles from their Colonies, the ability to obtain cheap or free resources from the Places where they have been found, appears to have ended? The BRICS Trade Group now appears to be the agency that all exchanges will be directed to. The SDR used by US Traders since 1944 will become almost obsolete. The Fiat Currency of the USA that has been instrumental in purchasing the affection of former Warsaw Pact Nations, looks like it has lost value in real terms on World Markets. The ability to affect prices by the manipulation of US Currency as a principal ingredient in International Trade Values, seems to be over?

[@Michael-nt1me]

Hoarding Gold ??? versus Designing Wiser Knowledge Engineerings!!!

[@danielhutchinson6604]

If the two largest Communist Nations decide that Capitalism is outmoded, will they end the use of Capital as a measure of value? Can Capital be provided to satisfy all the Debts of the Planet? Should we consider the use of Fiat Currency obsolete? Asking for a Friend....

[@mapfeu]

Very evasive