A historic reversal is taking place silently but relentlessly in the global financial system: gold is returning to the throne of reserves, gradually displacing the US dollar, which marks the end of an era of monetary supremacy. According to data published by The Kobeissi Letter, the share of the US dollar in global foreign exchange …
Tag: foreign exchange reserves
China’s secret Gold purchases are driving up the price of Gold
Trust Economics, based on trade data, estimates that China could buy up to 250 tons of gold in 2025, an amount equivalent to more than a third of global central bank demand. China’s gold rush is fueling a record price rally as a growing number of shadow transactions create a murky picture for gold traders. …
Gold buying frenzy is reshaping global foreign exchange reserves
A historic gold buying spree by central banks is reshaping global foreign exchange reserves, signaling a broader shift away from the dollar amid growing geopolitical and economic uncertainty. Silent inventory reallocation Central banks buy more than 1,000 metric tons of gold annually, with much of that buying unreported. Heightened fears of the dollar being weaponized, …
The disastrous plan for a strong euro will destroy the economy of Europe and its economically weak member countries
The European elite has recently been expressing the arrogant ambition that the euro will benefit from the decline in the dollar’s power as a reserve currency. They are selling this fairy tale, of course, to impose their suicidal geopolitical orientation against Russia, the incredible austerity that the program for the rearmament of Europe will bring, …
Cryptocurrencies, the dollar, the tariff war and the huge US debt
The adoption of cryptos continues in the US, gradually changing the country’s monetary regime in a revolutionary way. A growing number of US states are planning to create strategic Bitcoin reserves or allow investments in crypto assets, causing a change in fiscal policy at the state level. Of the 50 US states, 16 are in …
Can Bitcoin foreign exchange reserves prevent a US bankruptcy?
President Donald Trump has taken bold steps to position the United States as the global leader in the cryptocurrency industry. One of his first acts was to sign a bill titled “Strengthening American Leadership in Digital Financial Technology,” which aims to promote monetary innovation while ensuring regulatory clarity in the crypto space. The bill outlines …
Russia has abandoned the dollar and is increasing its foreign exchange reserves in yuan
In a state of war economy, Russia has survived and is victorious in a currency war that was declared against it by the West. Urals oil exports in local currencies, mainly with China and India, as well as the failure of sanctions on Russian energy goods boosted the country’s foreign exchange reserves and prevented the …