BRICS to Create a Central Bank to Issue its Native Currency
Sudan and Qatar Agree to Build Gold Refinery in Doha
Here we go folks:
The Pickaxe.xyz (now offline because of our reporting on Jim Lewis fraud and extortion) reported over two years ago how most of Sudan’s gold was being flown to Russia’s control because Putin was propping up a military dictatorship in Sudan.
A large amount of this gold was also being parked in places like UAE and Qatar.
The People's Bank of China (PBOC) has been purchasing gold for 17 consecutive months, making it the most aggressive central bank buyer in 2023.24
China's gold holdings have increased by 144 tons from November 2023 through April 2024, bringing its total gold reserves to around 2,092 tons.2
In February 2024, China added 12 tons to its gold reserves, pushing the total to 2,257 tons - 4.3% of the country's foreign exchange reserves.3
In March 2024, China added another 5 tons to its gold reserves, bringing the total to 2,262 tons or 4.6% of its total reserves.5
China's gold buying spree is part of a broader strategy to diversify its foreign exchange reserves and reduce dependence on the US dollar, which it sees as vulnerable to geopolitical tensions and sanctions.4
Analysts expect China's robust central bank gold purchases to continue through 2024 and beyond, as the country seeks to hedge against currency devaluation and challenges to the dominance of the US dollar in the global financial system.
Russian economist Sergey Glazyev is meeting with China this week signaling that the BRICS gold backed system (the official divorce from US dollar) is underway
https://watcher.guru/news/brics-to-create-a-central-bank-to-issue-its-native-currency
Sudan and Qatar Agree to Build Gold Refinery in Doha
Sudan and Qatar have reached an agreement to build a gold refinery in the Qatari capital of Doha to handle Sudan's gold exports.[1] The agreement was made during a meeting between the Sudanese Minister of Trade and Supply, al-Fateh Abdullah Yousif, and the Qatari Minister of Trade and Industry, Mohamed bin Hamad bin Qassim Al Abdullah Al Thani.[1]
The Qatari minister expressed his country's readiness to provide the necessary facilities for the commercial operations of the refinery.[1] This comes as Sudan's gold exports reached over $428 million in the first quarter of 2024, with the Sudanese Company for Mineral Resources expecting gold exports to yield $2.182 billion by the end of the year.[1]
However, the Sudanese government has also faced challenges, with the Finance Minister announcing that 2,700 kilograms of gold have been stolen from the government's Khartoum Gold Refinery during the ongoing war, though the country's overall gold reserve is still in a safe place.[1]
The establishment of the new gold refinery in Doha is seen as an effort by Sudan and Qatar to capitalize on Sudan's growing gold exports and provide a more secure and transparent supply chain for the precious metal.[1][3][5][6]
end of this section
Previously this Week
The Silver Academy, a renowned research institution, has substantiated its thesis that the aerospace and military sectors are the primary consumers of Silver, surpassing its usage in solar applications by up to five times.
You can write jon@thesilveracademy.com for a copy of the SilvSilverking Gun (a revealing 70-page document) published prior to the Manhattan Project, where Navy Procurement officer Rear Admiral Keleher testifies that the Navy wants ALL THE SILVER. (Bear in mind that no significant silver discoveries came into existence to offset the spiking demand that would be necessary for future demand (see below)
Envision the untapped potential of Silver in yet-to-be-invented industrial applications. From solar panels to mobile phones, laptops, Silverospital equipment, robotics, electric trains, electric vehicles, drones, satellites, spacecraft, torpedoes, missiles, bombs, shells, fighter jets, and thousands of other large industrial uses, Silver's role is poised to expand.
Our findings reveal that the US Government played the primary role in determining the price of Silver (up until the last 90 days), a critical insight for understanding the market dynamics.
The only reason Silver chopped sideways last week was that the Shanghai Gold Exchange was closed for most of this week due to Chinese holidays.
As you can see from this very news article above, BRICS and China have now secured and are in control of Gold and Silver (or another way of saying it COMEX, The Silver Institute, NATO, The Federal Reserve, Congress, Department of Treasury, US Military have lost its grip on rigging Silver and Gold)
Citations:
[1] https://www.altaghyeer.info/en/2024/05/01/sudan-and-qatar-agree-to-build-gold-refinery-in-doha/
[2] https://finance.yahoo.com/news/china-gold-buying-spree-continues-190000289.html
[3] https://www.gold.org/goldhub/gold-focus/2024/03/chinas-gold-market-february-demand-steady-gold-reserves-higher
[4] https://timesofindia.indiatimes.com/business/india-business/why-china-is-on-a-gold-buying-spree/articleshow/109274810.cms
[5] https://www.gold.org/goldhub/gold-focus/2024/04/chinas-gold-market-march-official-gold-reserves-rose-further-wholesale
[1] https://www.altaghyeer.info/en/2024/05/01/sudan-and-qatar-agree-to-build-gold-refinery-in-doha/
[2] https://www.qatarenergylng.qa/english
[3] https://thepeninsulaqatar.com/article/16/01/2020/Race-to-refine-the-bid-to-clean-up-Africa%E2%80%99s-gold-rush
[4] https://www.ten.com/en
[5] https://dearborn.org/preview/sudan-and-qatar-agree-to-establish-a-gold-refinery-in-doha-53310
[6] https://english.almayadeen.net/news/Economy/sudan-and-qatar-agree-to-establish-a-gold-refinery-in-doha