Hong Kong to Become International Gold Trading Hub

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News Date: October 16, 2024

John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced plans to develop Hong Kong into an international gold trading center during his third policy address.
He emphasized that Hong Kong is already one of the largest gold import and export markets by volume.
Given the current geopolitical complexities, Lee highlighted Hong Kong's advantages in security and stability, making it an attractive location for gold investors.
This move is expected to boost related activities such as gold trading, settlement, and delivery.
"This will spur development of the related industry chain, ranging from investment transactions, derivatives, insurance, storage, to trading and logistic services," Lee said.

ISO 20022 migration. The Ripple effect strikes the Pound

Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future.
Ripple is excited to announce it is joining the Digital Pound Foundation, a non-profit focused on the development and implementation of a digital Pound in the United Kingdom.
ISO 20022 promises greater interoperability between various settlement networks, richer information flows, higher levels of straight-through processing, and more efficient compliance processes.
It signals a significant opportunity for banks to improve operational efficiency and reassess existing business models.
ISO 20022 has already been introduced for high-value payments systems (HVPS) in major countries and is established as the standard in instant payments markets following implementations worldwide.
Sources: ripple.com, www.sibos.com

Google Gesara interest over times

Google Trends Explores what the world is searching over times.
It provides access to a largely unfiltered sample of actual search requests made to Google. It's anonymized, categorized and aggregated. This allows us to display interest in a particular topic from around the globe or down to city-level geography.
For example entering the keyword "gesara" in the Explore bar, it results an ascending curve:
Example:trends.google.com

TRUMPSARA: The Great Awakening?

Donald Trump Tweet: All-time Stock Market high. The Vaccine and the Vaccine rollout are getting the best of reviews. Moving along really well. Get those "shots" everyone! Also, stimulus talks looking very good.
The Great Awakening?
The SHOT heard around the world?
The Vice Presidents vaccine event will take place at 8:00AM in EEOB 350 and will be covered by pool press only.
Gematria decode: Moderna Vaccine = Trumpsara
Stay Tuned!
Sources: twitter.com, twitter.com, www.gematrix.org

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Countries Repatriating their Gold

In recent years we have seen the likes of Germany, Austria, Belgium, Venezuela, and the Netherlands each repatriate their gold from various locations.
Hungarian National Bank is set to repatriate 100,000 ounces of gold from England.
The pace does appear to have been picking up since Venezuela decided to repatriate its 180 tonnes of gold in 2011.
Also Inspired by Polish example, Slovakia considers repatriating gold from the UK.
Serbia, later on, joined Slovakia in this Sudden Eastern European Gold Repatriation trend.
Countries across the globe are trying to shake off their dependence on the dollar by buying up yellow metal.
Countries around the world are looking for precious metal to cure their dollar dependence.
The main switches are China and Russia. But Eastern Europe is now joining in for its own reasons like many.
Source: youtube.com