Gold demand as a store of value

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News Date: June 1, 2022

Central Banks Buying Gold Could Be Catalyst for $3,000 Gold Price.
They have been net buyers of the yellow metal since 2010.
In the first quarter of 2022, they bought gold again, 84 tonnes of it.
Gold Price Analysis: XAUUSD to be in demand as a store of value given record inflation.
Economists expect the yellow metal to remain resilient as Eurozone inflation is set to hit a new record.
Sources: lombardiletter.com, www.fxstreet.com

H.R.5404, a bill to define the dollar as a fixed weight of gold

H.R. 5404 is a bill introduced by Rep. Alex Mooney (R-WV2) that would bring the U.S. back to the gold standard once and for all. It would take effect exactly 30 months after the bill was passed, to allow an adjustment period in the American economy. Interestingly for a Republican-introduced bill, if the bill was enacted any time after July 2018, that 30-month window would come under the administration of the 2020 election.
Source:congress.gov

The Golden Jubilee and the return to gold standard

On 15 August 1971, US President Richard Nixon officially announced that the country was completely abandoning the gold standard.
This meant that the US government abandoned the convertibility of US dollars into gold at a fixed rate of $35 per ounce.
The government simply could not meet the demand to exchange dollars received for goods and services for gold.
The jubilee in its original, biblical meaning when once in 50 years the sold and mortgaged lands were returned to their original owners, slaves and prisoners of war were freed, debts were forgiven, and the land rested from fieldwork.
Why not, 2022 may be the year for the return of the gold standard.
Sources: datadriveninvestor

China will forgive 23 loans for 17 African nations

China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations, China's foreign minister Wang Yi said at the Forum on China-Africa Cooperation.
Mr. Wang also announced to increase imports from Africa, support the greater development of Africa's agricultural and manufacturing sectors, and expand cooperation in emerging industries.
Sources: news.com.au

Economists Discuss Russia, China Developing Gold-Backed Currency

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar.
Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold.
Sources: news.bitcoin

Donald Trump expands tax relief proposals

Donald Trump expanded his tax reform proposals collection by announcing a New Policy on social media:
'Seniors should not pay tax on social security!'
Aligning with NESARA Section 5, this policy includes provisions to enhance benefits for senior citizens, ensuring they receive more support.
This policy aims to create a more competitive tax system, boost economic activity, and provide targeted relief and support to various sectors, including seniors.