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Gold price up as Fed begins historic ETF purchase program

Gesara.news » News » Gold price up as Fed begins historic ETF purchase program

News Date: May 13, 2020

The US central bank (FED) began purchasing ETFs holding corporate bonds for the first time ever Tuesday as part of its pandemic rescue package.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
Source:mining.com

Central Banks lost control! Gold currency trust

Major central banks have totally lost control and the world economy is now floating around helplessly without direction.
Since sound money must be scarce, fiat money can never be sound since unlimited amounts can be and have been created. One of the very important features of gold is that it is scarce. The total global gold stock only increases by 1.7% or 3,000 tones per annum.
So scarcity is one of the important reasons why gold is the only currency that has survived in history.
Source:www.zerohedge.com

Gold standard the final solution globally

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.
If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.
Gold Could Offer a Way out of Switzerland Failing Inflationist Experiment.
Switzerland could break with the globally pervasive regulations which suppress the potential of gold to develop fully as a nonstate money. Swiss banks, already expert at servicing gold deposit accounts for their clients, would get permission to establish a clearinghouse in Zurich for settling transactions between themselves in the yellow metal (in, say, kilogram gold bars deliverable in Switzerland), thereby facilitating direct payments in gold by their clients for goods or assets without having to pass through the US dollar.
The World Gold Council announced, on Sunday, that the central banks possession of gold increased.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist of the largest and most advanced gold mining companies in the world.
Sources: search4dinar.wordpress.com, mises.org

WH fires 9 Defense Business Board members, installs loyalists

Martial law incoming? The White House purge of Pentagon continues.
The White House removed nine members of the Pentagon Defense Business Board on Friday and installed people loyal to President Donald Trump in their place, including presidential allies Corey Lewandowski and David Bossie.
Sources: www.politico.com, www.resignation.info

Iran and Egypt signed a memorandum to join SCO

The Shanghai Cooperation Organization (SCO) is an intergovernmental organization founded in Shanghai on 15 June 2001.
After 21 years, the organization has become not only a strong pillar of global peace and development but also a major force for international equity and justice.
The SCO currently comprises eight Member States (China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan), four Observer States interested in acceding to full membership (Afghanistan, Belarus, Iran, and Mongolia) and six 'Dialogue Partners' (Azerbaijan, Armenia, Cambodia, Nepal, Sri Lanka and Turkiye).
Egypt and the Shanghai Cooperation Organization (SCO) on Wednesday signed a memorandum of understanding on Egypt's accession to the organization as a dialogue partner ahead of the summit of heads of state and government of the organization's member states scheduled to be held in Samarkand, Uzbekistan, on 16 September.
Also, Iran has signed a Memorandum of Obligations to become a permanent member of the SCO, the Iranian foreign minister said.
Sources: dailynewsegypt , azertag

Quantum computing to crack cryptocurrency in 8 years

Ripple CTO David Schwartz says quantum computing poses a serious threat to the future of cryptocurrency.
Schwartz says he thinks developers have at least eight years until the technology, which leverages the properties of quantum physics to perform fast calculations, becomes sophisticated enough to crack cryptocurrency.
Source:www.crypto-news-flash.com

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