Why is gold valuable?

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News Date: August 20, 2020

Gold is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.
Gold cannot be destroyed by Water, Time, Fire.
Gold doesn't need Feeding, Fertilizer, Maintenance.
Gold is Malleable, Ductile, Beautiful, Rare.
Sources:tizzime.com, https://www.investopedia.com

Quantum information science to change the world

Trump administration establishes $75 million quantum computing centers.
Trump: Quantum information science has the potential to change the world. But to realize that potential, we must first answer some fundamental research questions.
The White House Office of Science and Technology Policy and the National Science Foundation (NSF) announced Tuesday the establishment of three quantum computing centers across the nation, involving an investment of $75 million.
The establishment of the centers stems from a provision in the National Quantum Initiative Act: www.congress.gov
Source:thehill.com

Introducing the new global financial system

Answers provided by Sergey Glazyev, Russian Geoeconomics Tzar:
The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources.
And it will liberate the Global South from both western debt and IMF-induced austerity.
Transition to the new world economic order will likely be accompanied by systematic refusal to honor obligations in dollars, euro, pound, and yen.
In this respect, it will be no different from the example set by the countries issuing these currencies who thought it appropriate to steal foreign exchange reserves of Iraq, Iran, Venezuela, Afghanistan, and Russia to the tune of trillions of dollars.
Full article: Authored by Pepe Escobar via The Cradle

Payroll Tax Cut

President Trump said Wednesday that he has the absolute right to suspend payroll tax collections without the approval of Congress.
The president has considered issuing an executive order suspending evictions and payroll cuts.
Source 1:www.foxbusiness.com/
President Trump recent tweeted Payroll Tax Cut plus Dollars!
Source 2:twitter.com
Also, in march 2020, Trump proposed eliminating payroll tax through the end of the year.
Source 3:www.nbcnews.com

India Is Mulling Rupee-Ruble Payments System

India is discussing how to set up a rupee-ruble payment mechanism to enable it to trade with Russia, to circumvent the U.S. sanctions regime.
During the last several months, several considerations have prompted the Modi government to rethink the wisdom of putting all its eggs in the U.S. basket.
Instead, India is returning to a more balanced approach, assessing its national interests vis-a-vis those of other countries and acting accordingly.
To Be Non-Aligned on Russia Policy Implies India Finding Trade Workaround.
Source: nakedcapitalism.com

Gold is the Real Safe Haven Asset

Gold is finally outperforming the way one would imagine. It's not always about the absolute performance as it is about the relative performance.
As Bitcoin surged from March 2020 through 2021, the market was convinced that Bitcoin was the "new" digital gold, the new store of value asset.
As Bitcoin surged to new highs at each passing day, this became a self-fulfilling prophecy.
Gold was seen as the stepchild, given no attention whatsoever as traders chased the greed and FOMO 100%+ returns in crypto assets.
Year to date, Gold is now up 6% vs. Bitcoin down 25%.
Source: thestreet.com