Data from the People's Bank of China shows they added #gold for the second consecutive month in December. Gold reserves rose by 30t, lifting their reported 2022 buying to 62t. Their gold reserves now total around 2,010t.
A big thank you to @kindahangry who has written an amazing thread, which summarises some future narratives for investors to be on the look out for including RWA in which they mention @Next_Factor 🚀
1/ In the last bull market, people who took advantage of narratives early managed to outperform everyone else
Here are some future narratives you should be ready for:
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Exciting news! We're bringing real-world assets onto the blockchain, giving them the benefits of increased security and accessibility. Get ready to revolutionize the way you own and trade your favourite assets!"
#blockchain#assetsonchain#gold#NextFactor
RWA asset applications onchain has been a theme that I've always found interesting, especially from existing "Web 2" businesses entering the space. This one could be interesting as it looks like much more than just bringing RWA assets onchain.
https://t.co/4uQ4A758EY
@OnChainWizard A big thank you from the team @Next_Factor for the tweet! It would be great to arrange a meeting to further discuss our project as we continue to build and finalise our platform for a main net launch🚀
@MattStirner This is a cause for concern, which is why over at @Next_Factor we are currently building our platform which will make purchasing commodities such as gold and silver on chain a simple process. The truly amazing part is your on chain commodities will be backed by real world assets.
Gold is more than just a pretty metal - it's a symbol of wealth and success. Its value is unmatched and it continues to shine as the ultimate prize.
#gold#winning#NextFactor
📣Central Banks continue to purchase Gold!
China has purchased 32 tonnes of Gold to add to its reserve. This is the first time China has disclosed an increase since September 2019. This brings Chinas reserve to 1980 tonnes worth around $112 billion🚀
$Gold #nextfactor
@KrishanGopaul Amazing Central banks globally have purchased the most Gold since 1967. This purchase from China is equal to Turkey who also purchased close to 32 tons this year!
Zoltan Pozsar recently wrote an interesting piece regarding Oil, Gold and the Strategic Petroleum Reserve.
#Gold#Silver#Oil#NextFactor
Read our summary below.
Essentially if this were to occur and Russia were to trade gold for oil this would strongly benefit Russia by increasing the value of its gold reserves. The price impact on gold would be astronomical, Zoltan believes this would bring Gold from $1800 up to near $3600!