Russia will abolish the VAT (tax) on bullion

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News Date: March 3, 2022

The government will abolish the VAT (tax) on bullion.
This Bill will go to the State Duma on March 4.
Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
PM advises foreign businesses that competitors will take their place.
This is a step toward treating gold and silver as money instead of as commodities.
Source: t.me

Australian PM plans tax cuts

Prime Minister Anthony Albanese has announced plans to introduce legislation next week, promising tax cuts for every Australian taxpayer.
He emphasizes the urgency of passing the legislation promptly to facilitate a smooth transition for both employers and the tax office.
"This is legislation which will give every taxpayer a tax cut and it should receive the support of every parliamentarian," he told ABC's Insiders on Sunday.

Central banks gold reserves switch

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Source: youtube.com

Global Monetary System, As You Know It, Ended. Coming Gold Rush Will Be Epic

Cycle expert and financial analyst Bo Polny predicts that what is coming is a "Great Awakening." Polny explains, "Between May 31st and September 18th, that is expected to be a major world transition point where God's Hand is seen upon the earth. . . .We might want to call that time point the 'Great Awakening.' Somewhere in this time point, people are going to realize the lies, deceptions and what has been going on in this Earth, and there is going to be a mass awakening."
Source:usawatchdog.com

A Dying Fiat System and Precious Metals

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Some bank analysts are forecasting seven hikes this year.
Gold is of course the world's ultimate asset.
The US mint sells five million silver eagle coins in January.
Silver is biding its time before taking off to the higher ground.
Source: fxstreet.com

BRICS Common Currency report

The planned BRICS cross-border currency is an important step in challenging the dominance of the U.S. dollar, according to Zhou Yu, director of international finance Research at the Shanghai Academy of Social Sciences, revealed a recent report from China's Global Times.
Zhou states that the recent moves to support local currency settlement have given the BRICS countries a competitive advantage in reducing the dominance of the dollar in international trade.
Iran, Argentina, Saudi Arabia, Turkey, and Egypt are among the potential countries to join and adopt the BRICS currency in 2023.