🪙Hong Kong Is Pulling in Large Gold Bars Ahead of Clearing Launch
Traders are receiving orders from some of the clearing banks to move 400-ounce gold bars into the city, according to people familiar with the matter.
The 400-ounce bars are typically traded by banks and sovereign entities in London, the world’s largest bullion trading hub, but are less common in the Asian market, which is dominated by much smaller kilobars. The banks need to build up inventories to allow for physical delivery when clearing begins next month, some of the people said.
By launching its gold clearing system, Hong Kong could secure first-mover advantage in a push to become Asia’s preeminent hub for bullion trading. Last week, Singapore announced its own plans to launch a clearing mechanism by the end of the year.
Both cities are aiming to capitalize on strong demand in Asia, where many investors remain bullish about the long-term prospects for the precious metal as an alternative store of wealth. (Bloomberg)
Snap! The UK government is making the same ghastly mistake. Coupled with soaring fertiliser costs the result will be a substantial surge in food prices later this year. Then governments will respond with price controls. They always do!
@Frank_Giustra joins @JeremySzafron on Kitco News to discuss gold markets, de-dollarization, the copper crisis, and mining stocks. Watch the full interview here: https://t.co/e2qSc3NFlV
U.S. Senator @SenAdamSchiff is a communist. He thinks confiscating investment capital from the rich to fund government spending and consumption will raise the living standards of average Americans. This false promise has impoverished nations everywhere it’s been implemented.
An absolutely horrific story
A woman sexually assaulted by an immigrant
She begged him to leave
She's trembling on national television as she tells the world what happened
And what did she get for it?
Convicted for inciting racial hatred
Insanity has taken over Europe
🇬🇧 UK lawyer Paul Powlesland cleaned 200 bags of waste from a polluted river.
Fish and dragonflies have returned.
Now he faces up to 2 years in prison for doing it without a permit.
This is modern Britain: punishing people who actually clean up the environment while the bureaucracy strangles common sense.
Absolutely insane.
Source: @Coinvo / Writer: Oliver
Vile attempts by Zack Polanski, Humza Yousaf and many others to demonise me following the release of our rape gang inquiry report will not work.
For decades the mass rape of vulnerable white girls by gangs of Pakistani Muslims was covered up exactly because of efforts like this.
It will not work anymore.
There is a clear link between religion and these abhorrent crimes that have stained on our nation for so very long.
That religion is Islam, and other politicians must finally find the courage to say so.
Threats, abuse and intimidation will not work.
We have held our hearings, the report has been published and now we move onto the private prosecution phase.
Our aim is to put rapists and their enablers in prison.
That is now our objective.
Beaucoup de figures de gauche, aux US comme en Europe, qualifient Musk d'extrême droite. Certains vont jusqu'au mot « nazi ».
J'ai fait l'inverse de l'accusation : lire avant de juger. Deux biographies. Des dizaines d'heures d'interviews et de documentaires. Zéro once de racisme détectée.
Ce que j'ai trouvé, c'est une obsession constante pour la liberté : rachat de Twitter au nom de la liberté d'expression, réintégration des comptes bannis, publication des Twitter Files, ouverture du code de l'algorithme, open-source de Grok, brevets Tesla libérés en 2014, Starlink rallumé pour les Iraniens coupés du net pendant les manifestations et pour l'Ukraine, refus répété des demandes de censure étatiques.
Maintenant, faisons l'expérience de pensée que ses accusateurs ne font jamais. Imaginez que Musk soit réellement evil.
Cet homme possède un réseau de satellites qui couvre la planète, soit une capacité de surveillance quasi totale. Il possède la place publique numérique la plus influente du monde. Il possède la première fortune à 1000 milliards de l'Histoire, depuis l'IPO de SpaceX le 12 juin. Aucun individu n'a jamais concentré autant de leviers.
Un Musk réellement malveillant, avec ça dans les mains, ne tolérerait pas une seconde qu'on le traite de nazi H24 sur sa propre plateforme. Il bannirait. Il surveillerait. Il écraserait. On serait déjà dans 1984.
Or regardez la réalité : les comptes qui l'accusent de nazisme tweetent toujours. Tous les jours. Sans entrave. Sur son réseau. Avec son algorithme. La dystopie totalitaire qu'on lui prête se démontre par l'absence du goulag.
Voilà le retournement. 1984 le contrôle de la parole, la surveillance de masse, la désignation publique des hérétiques ce n'est pas son projet. C'est le fantasme de ceux qui l'accusent. L'accusation décrit toujours l'accusateur.
C'est du Girard à l'état pur : on désigne un bouc émissaire pour ne pas voir le mécanisme qu'on porte soi-même. Celui qui hurle « nazi » rêve souvent, en silence, du pouvoir de bannir, de ficher, de faire taire.
L'homme qui aurait tous les moyens de bâtir 1984 est précisément celui qui laisse ses pires détracteurs parler. Demandez-vous qui, dans cette histoire, rêve vraiment du télécran.
The great gold repatriation continues.
Central banks are moving gold out of London and New York vaults and back onto sovereign soil.
London storage fell from 64% to 57%.
The New York Fed fell from 17% to 14%.
When nations lose confidence…
They ask for their gold.
A man who took part in the Hanley riots has been spared jail despite the fact he pleaded guilty to throwing rocks at the police and inciting violence. His name?
Mohammed Iqbal, his defence he has children Two Tier Policing 2.0
A lot of 21 was locked up for throwing a police cone at the police in Southampton
‼️Is #Canada about to make even bigger investments in new #Nuclear power plants💰⚛️🏗️👷🇨🇦 as the G7 leader in building Small Modular Reactors fueled by world's highest-grade #Uranium deposits?⛽️⛏️ Tune in Monday, June 22nd, for a major announcement!📰👀🤠🐂https://t.co/30prcNvi9z
🇺🇸ICYMI: Ahead of America’s 250th Anniversary, ANOTHER nuclear test reactor reached criticality.
President Trump is restoring U.S. leadership in nuclear energy and innovation! https://t.co/6y0Z0IqxIF
They Tabled The Social Media Ban The Week Before Summer Break — That's Not A Coincidence
They didn't table Bill C-34 by accident the week before a 12-week summer break.
They're counting on you to forget about it.
While you're enjoying your summer they'll be building the infrastructure needed to implement a nationwide social media ban — which means every Canadian will need to verify their identity with a government ID just to log in.