Editor’s Disclosure: Some of the ads we run on our sites and on my shows discuss buying gold from America First precious metals companies since central banks and other entities “in the know” have been making unprecedented moves recently. The article below by Arsenio Toledo from Natural News is NOT a sponsored post. It just happens to reiterate what we’ve been warning about for a while. With that said, here’s Arsenio…
Despite claims from central banks and governments that they have avoided a greater global economic meltdown, inflation is still on the rise and recession is still on its way – and central banks are preparing for it by stockpiling even more gold.
This is according to Lynette Zang, chief market analyst of ITM trading, who warned that central banks haven’t actually been able to get inflation under control.
“You know, all those calls that things were really, ‘Maybe we would avoid a recession’ and ‘Oh, things aren’t that bad’ and ‘Maybe we’ll get a mild recession’ and ‘The central banks now have … inflation under control’ and blah, blah, blah. Well, guess what’s rearing its ugly head again? That would be more inflation,” Zang said.
New inflation indicators from the United States, China and Germany strengthened the belief of financial markets that high interest rates would be in force longer than expected.
In the U.S., prices for raw materials surged in February, strongly indicating that inflation will remain elevated. Over two weeks prior, the latest consumer price report showed that consumer prices climbed 6.4 percent in January year-over-year, only 0.1 percent down from the year-over-year increase recorded in December. Furthermore, consumer prices increased 0.5 percent from December to January, much higher than the 0.1 percent rise recorded from November to December.
Despite all of this data proving that inflation is still a persistent threat and the recession is still nearby, Secretary of the Treasury Janet Yellen claims the government has it under control.
“I would say, ‘So far, so good,’” said Yellen, who formerly led the Federal Reserve from 2014 to 2018. “Obviously, there are risks, and the global situation we face is very uncertain. There can be shocks from it. But look, inflation still is too high, but generally if you look over the last year, inflation has been coming down.”
Central bank gold demand skyrockets
According to the latest report from the World Gold Council, central bank gold demand in 2023 has picked up from the already-high level of demand it left off in 2022. (Related: Global DE-DOLLARIZATION is on the way as world’s central banks buy gold at fastest pace in 55 years.)
In 2022, central banks collectively added a net 31 tons to global gold reserves, a 16 percent month-over-month increase from December 2022. This is also within the 20- to 60-ton range of purchases central banks have been reporting for the last 10 consecutive months of net buying.
The largest reported central bank purchaser in January is Turkey, whose central bank added 23 tons to its official gold reserves, which now stand at 565 tons. The People’s Bank of China comes in second, adding 15 tons on top of the 62 tons of gold it reported purchasing between November and December 2022. Its reported gold reserves now total 2,025 tons, or 3.7 percent of the world’s total reported reserves.
The National Bank of Kazakhstan came in third after increasing its gold reserves by four tons, a modest sum compared to Turkey and China, but still substantial. Its total reported reserves rose to 356 tons.
“If you think about how much buying central banks have been doing really, since 2005, and more significantly, it turned as a positive net in 2010,” said Zang. “They’ve been accumulating gold, getting ready for this day. So have I. Have you? You really wanna think about it.”
Learn more about the current status of the gold market amid heightened economic instability at GoldReport.news.
Watch this episode of “ITM Trading Insights” with Lynette Zang as she discusses the ongoing inflation crisis, the coming recession and how central banks are preparing by stockpiling gold.
This video is from the ITM Trading, Inc. channel on Brighteon.com.
More related stories:
- Federal government hides true rate of inflation by changing how CPI is calculated.
- Credit card debt SURGES tp record-high $930.6 billion and will keep increasing due to inflation, interest rates.
- Demand for gold surges to highest rate in over a decade as world’s central banks continue buying spree.
- Central banks all over the world are buying gold at a furious pace.
- Health Ranger Report: Gold and silver can help safeguard your assets as COLLAPSE of traditional pension systems looms.
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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.
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