As we’ve covered many times on this site, central banks across the globe are buying up as much gold as they can. This makes sense considering the state of economies worldwide. One does not have to wear a tinfoil hat to realize their push for Central Bank Digital Currencies means they believe traditional fiat currencies will fall. In fact, standards such as the U.S. Dollar MUST fall in value in order for their CBDC dreams to come true.
The more perplexing move is being made by China. They and their state-run banks are also buying up as much gold as possible. Considering they’re already heading toward ubiquitous use of their Digital Yuan, it makes less sense for them to be investing in gold rather than their own economy, which has been struggling since the pandemic.
Do they know something we don’t?
China boosted its gold reserves for a fifth straight month, extending efforts by the world’s central banks to expand their holdings of the precious metal https://t.co/6iKyNSPlGR
— Bloomberg (@business) April 7, 2023
China has demonstrated a penchant for predictive hoarding. Long before the current shortages in various food items, they were stockpiling grains and other foods. Their prescience for upcoming shortfalls makes one wonder if they are expecting economic changes in the near future to justify buying up as much gold as they can.
According to Kitco:
China’s appetite for gold remains insatiable as the latest data from the People’s Bank of China bought 18 tonnes of gold last month.
China’s gold shopping spree hit its fifth consecutive month; Krishan Gopaul, senior European, Middle East and Asian market analyst, said that since November the nation has bought 120 tonnes of gold.
“Total gold reserves now amount to 2,068 tonnes,” he said in his Twitter comment.
According to many analysts, China’s dominating presents in the precious metal market is completely changing the investment landscape, creating solid value for investors.
Bob Minter, director of ETF Investment Strategy at abrdn, said that in the current environment, with solid support in the market, its only a matter of time before gold prices hit new record highs. He also added that with so much uncertainty surging through financial markets having an overweight position in gold would be a good insurance policy.
Financial tensions are unlikely to be relieved any time soon. Are China, central banks, and other powerbrokers expecting markets to plummet soon? If they were, they’d be doing exactly what they’re doing now with gold.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
