Asia

Kristalina Giorgieva, current IMF director, gave a speech on October 15, which bore the promising title of "A New Bretton Woods Moment".

In this interview Egon von Greyerz answers viewer questions. Gold continues to correct, but mining shares send positive signals. China and Russia are buying a lot of gold and their power is growing. Do they even have 100,000 tons of gold each? A well-connected author asserts this. Digital currencies are mentioned more and more often, but what are they really?

In this interview, Egon von Greyerz speaks to Tom Bodrovics from Palisade Radio about the cyclical and repetitive nature of the current economic situation and shares his concerns about increasing debt and central banks’ response.

The Chinese understand the long game and they have infinite patience. They have always known that they never needed to attack the US, financially or militarily. Because China has invariably understood that the US would self-destruct.

Central banks can base their investment strategy on many factors, but the main reasons for recent gold purchases remain increased economic and political risks, as well as low and negative interest rates.

After three consecutive weeks of growth, Russian forex holdings have reached a total of $591.8 billion, according to the latest data released by the country’s central bank.

As the Irish playwright and critic George Bernard Shaw said: "You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, to vote for gold”.

Over the past decade, these top five countries were the leading silver investors in the world. From 2010 to 2019, citizens in these countries invested over two billion ounces of silver bars and coins. Which country was the largest investor of silver?

On June 3, 2020, at the World Economic Forum, Kristalina Georgieva, the current director of the IMF, gave a conference untitled "The Great Reset". During her speech, she referred to the 1944 Bretton Woods conference, which had set the monetary rules for the following decades and she declared that this epidemic is an opportunity to change the world.

Value of China’s gold reserves rises to US$108.29 billion at end of May, from US$106.67 billion a month earlier