What is Sound Money? Monetary reset
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News Date: August 16, 2020
A somewhat polemical term for a currency backed by a tangible commodity such as gold, silver or platinum. Sound money has an intrinsic value, but is more susceptible to deflation than fiat money. Many countries used sound money throughout most of their histories; however, most countries today use fiat money and have since the United States left the Bretton Woods System in the 1970s. The term "sound money" is often used by those who favor its reintroduction. The more common term is hard money.
Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset.
Sources:www.goldmoney.com, thefreedictionary.com
Countries normalizing relations with Israel
Israeli estimates indicate that there are Arab and Islamic countries on their way to sign an agreement with Tel Aviv, before the end of the term of the current US President, Donald Trump, on the twentieth of next January. This comes after the Moroccan monarch announced, yesterday, Thursday, the resumption of official bilateral contacts and diplomatic relations with Israel, shortly after the announcement by the outgoing US President Donald Trump on Twitter in which he confirmed that "Israel and the Kingdom of Morocco have agreed to establish full diplomatic relations between them."Sources: twitter.com, search4dinar.wordpress.com
Trump Signs the Deep-Sea Mining Order
April 24, 2025President Trump signed the deep-sea mining order to fast-track U.S. access to offshore critical minerals, like gold, cobalt, nickel, and rare earths, marking a major push for resource independence and national security.
The order directs agencies to streamline permits, boost deep-sea exploration, and build global partnerships to counter China’s seabed dominance. With vast untapped mineral wealth in U.S. waters, the move aims to secure supply chains vital for defense, energy, and industry.
April 18, 2025
The White House has announced plans to fast-track permits for ten mining projects across the United States, supporting President Donald Trump's initiative to boost domestic production of critical minerals.
On March 20, 2025, President Donald J. Trump signed an executive order titled "Immediate Measures to Increase American Mineral Production" to enhance U.S. mineral production, including critical minerals like gold, copper, and uranium.
The order aims to reduce reliance on foreign minerals, boost national and economic security, and expedite permitting and land use for mining projects.
It aligns with a global shift toward domestic sourcing by prioritizing mineral production on federal lands and accelerating private and public investment in the mineral supply chain.
Independent Financial System planned by Russia and the Islamic world
Russia and the Islamic countries talk about the creation of an independent financial system and de-dollarization.According to Alexey Overchuk, deputy prime minister of Russia, Russia is in conversation with countries in the Islamic world about current global changes, particularly the de-dollarization processes.
Alexey Overchuk mentioned the de-globalization processes, the shift of industrial output, the fall of Western investment in the Global South, and the concerns with energy and food security among other things on the agenda.
"Of course, our relations with Islamic countries are influenced by global shifts that are taking place and global trends.
We are talking about processes of de-dollarization and the creation of an independent financial system.", Overchuk stated, through a TASS report.
Indian Sovereign Gold Bonds
The Reserve Bank of India (RBI) has announced the Sovereign Gold Bond Scheme 2022-23 - Series III, which will be open for subscription during December 19-23, 2022.Sovereign Gold Bonds, or SGBs, are issued by the Reserve Bank of India on behalf of the Indian government as an alternative to physical gold.
These gold bonds can be sold only to resident individuals, Hindu Undivided Families (HUFs), trusts, universities, and charitable institutions.
These bonds offer a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated.
Sources: indianexpress
Gold Rush to Dump U.S Debt
As the world continues down the road of extreme uncertainty, investors and foreign central banks continue to turn to the oldest form of money as a measure of providing some stability, gold.So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.
Example:www.goldtelegraph.com