Slow Motion Crash: De-dollarization Continues as States Ditch the USD & Trade in Local Currencies

[LaoTze]

Slow Motion Crash: De-dollarization Continues as States Ditch the USD & Trade in Local Currencies​

 

[k1976]

Any Comment on BRIC?

 

[k1976]

Where are BRIC Cheerleaders?

 

[mahjongking]

the 8133 tons is a scam........took usa 4 years to return germany's 300 tons from 2013 to 2017
all the physical gold already sold to control the price of gold against usd since 1971
anyway all these 'official' figures not accurate......some under reported, some over reported

 

[k1976]

Rank	Country	Gold Reserves (Tonnes)	Gold Reserves (Millions $)	Holdings %
1	United States of America	8,133.46	609,527.85	72.41
2	Germany	3,351.53	251,166.13	71.46
3	Italy	2,451.84	183,742.52	68.33
4	France	2,436.97	182,628.35	69.99
5	Russian Federation	2,335.85	175,050.59	29.47
6	China	2,264.32	169,689.52	4.91
7	Japan	845.97	63,397.87	5.15
8	India	840.76	63,007.20	9.57
9	Netherlands	612.45	45,897.75	61.61
10	Turkey	584.93	43,834.93	0
11	Portugal	382.66	28,677.06	74.08
12	Poland	377.37	28,280.52	13.49
13	Uzbekistan	365.15	27,364.77	75.2
14	United Kingdom	310.29	23,253.15	13.44
15	Kazakhstan	298.8	22,391.95	56.04
16	Spain	281.58	21,101.64	20.16
17	Austria	279.99	20,982.76	63.21
18	Thailand	234.52	17,574.99	7.83
19	Singapore	228.86	17,150.61	4.49
20	Belgium	227.4

 

[k1976]

Yeah...Bengali Household is reported to hold at least 21000 ton of Gold...you know why they are so welcome loh

the 8133 tons is a scam........took usa 4 years to return germany's 300 tons from 2013 to 2017
all the physical gold already sold to control the price of gold against usd since 1971
anyway all these 'official' figures not accurate......some under reported, some over reported

 

[k1976]

the 8133 tons is a scam........took usa 4 years to return germany's 300 tons from 2013 to 2017
all the physical gold already sold to control the price of gold against usd since 1971
anyway all these 'official' figures not accurate......some under reported, some over reported

Because if u are Germany Official , u will also be very skeptical and ask for remelt and reassay your gold bar thru CME and LMBA before u ship back to your home country, right?

 

[mahjongking]

 

[k1976]

 

[GUDANGARAM]

I buy Zimbabwe currency

 

[k1976]

 

[k1976]

Strap In’—Serious $40,000 Bitcoin Price Crash Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’ That’s Predicted To Spark ‘Total Collapse’​

Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
Follow



9
Sep 3, 2024,06:17am EDT
Updated Sep 3, 2024, 06:18am EDT
09/03 update below. This post was originally published on September 02

BitcoinBitcoin +0.9% and crypto prices have surged this year as the U.S. dollar index falls to year-to-date lows (with the Coinbase chief executive last week revealing an AI game-changer).

The bitcoin price is trading around $60,000 per bitcoin, up from January lows of under $40,000, as traders bet a fresh injection of liquidity by the Federal Reserve will put the bitcoin and crypto market on the "cusp" of a major move.


Now, as China gears up to drop a bitcoin price bombshell, fears are swirling the U.S. dollar is on "the verge of a total collapse," setting up the bitcoin price for "a critical tipping point."

The U.S. Dollar Index just hit a new 2024 low [and it's] actually still relatively high, but it looks like it's on the verge of a total collapse," economist and gold bull Peter Schiff posted to X.

The index could easily sink below 90 before year-end, challenging the 2020 low," Schiff, the founder of money manager Euro Pacific Asset Management and a bitcoin and crypto skeptic, later added. "I think that low will be breached in 2025, triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring."

09/03 update: The bitcoin price has continued on its recent downward trend as September gets underway, which is historically a bad time to be holding bitcoin.

"September has traditionally been a volatile month for bitcoin, with an average return of 4.78% and a typical peak-to-trough decline of 24.6%," analysts with the Bitfinex crypto exchange said in emailed comments.

 

[superpower]

 

[syed putra]

Within ASEAN, if you use the qr code to pay, it already bypass the USD.
If you use visa/ mastercard, your charges will be much higher as it goes through US system.

 

[superpower]

Within ASEAN, if you use the qr code to pay, it already bypass the USD.
If you use visa/ mastercard, your charges will be much higher as it goes through US system.

The reason why Western social media apps are not allowed to offer peer-to-peer transfers is because the US govt wants wants every transaction to go through Wall St where it will be taxed. That's also why WeChat is banned in the US.

 

[LaoTze]

 

[k1976]

GREAT Reset =>Great Switching?

 

[k1976]

Go for gold’: Why Goldman Sachs believes gold has the ‘highest potential’ for a near-term price hike
Business
|
TOI Business Desk | TIMESOFINDIA.COM | Sep 3, 2024, 14:00 IST

‘Go for gold’: Why Goldman Sachs believes gold has the ‘highest potential’ for a near-term price hike

Goldman Sachs anticipates gold prices reaching $2,700 by early 2025. The bank predicts weaker trends in oil, gas,

 

[k1976]

Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp rally in gold prices over the past two years.

According to a Reuters report, Goldman has adjusted its gold price target to $2,700 by early 2025, slightly later than its previous forecast of end-2024, citing the price sensitivity of the Chinese market.

Spot gold has surged 21% so far this year, setting successive records and reaching a historic high of $2,531.60 per ounce on August 20.

However, the bank has taken a more cautious approach to other commodities, particularly oil, as it anticipates a smaller deficit this summer and a slightly larger-than-expected surplus in 2025

 

[k1976]

https://www.google.com/amp/s/www.li...se-says-goldman-sachs/amp-11725356206579.html

https://finance.yahoo.com/news/inve...ed-rate-cut-looms-goldman-says-155551358.html

Currency cycle usually very long, much longer the 1yr cycle in equity market