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News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.The CradleThe Big Stiff: Russia-Iran dump the dollar and bust US sanctionsPepe EscobarSee also“One factor that could well be keeping the gold price so supported is the strength of buying from central banks, including those in China, India and Turkey. As these fast-growing economies look to diversify away from the hegemony of the US dollar, these banks have bought considerable volume last year with that trend expected to continue into this year.”OilpriceCentral Bank Buying Spree Lifts Gold PricesCity AMRelatedThe buying coming from China is in preparation for war – not bullish gold for the sake of gold.… They
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News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.The CradleThe Big Stiff: Russia-Iran dump the dollar and bust US sanctionsPepe EscobarSee also“One factor that could well be keeping the gold price so supported is the strength of buying from central banks, including those in China, India and Turkey. As these fast-growing economies look to diversify away from the hegemony of the US dollar, these banks have bought considerable volume last year with that trend expected to continue into this year.”OilpriceCentral Bank Buying Spree Lifts Gold PricesCity AMRelatedThe buying coming from China is in preparation for war – not bullish gold for the sake of gold.… They
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News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.The Cradle
The Big Stiff: Russia-Iran dump the dollar and bust US sanctions
Pepe Escobar
See also
“One factor that could well be keeping the gold price so supported is the strength of buying from central banks, including those in China, India and Turkey. As these fast-growing economies look to diversify away from the hegemony of the US dollar, these banks have bought considerable volume last year with that trend expected to continue into this year.”
Oilprice
Central Bank Buying Spree Lifts Gold Prices
RelatedCity AM
The buying coming from China is in preparation for war – not bullish gold for the sake of gold.…
They know war is coming and they can no longer maintain their reserves in dollars, euros, or yen no less than anyone else in the West – it all must go! Gold offers a non-political affiliation – neutrality. This is not buying gold as if it were an investment. We have completely different motives going on. Our own model warns that by 2032, there will be no United States acting as the reserve currency. The Biden Administration has done everything perfectly to destroy the world economy and the sad part about it, these morons do not even understand what they have done.Armstrong Economics
China Buying Gold for a Very Important Reason
Martin Armstrong
Martin Armstrong