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04.05.26 - 08:48
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Gold rush: Hong Kong sees sudden jump in bullion imports from Dubai amid US-Iran war (SCMP)
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Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX).
Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Haywood Cheung Tak-hay, chairman of HKGX.
“The discounted sales were a result of the US-Israel war with......
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01.05.26 - 22:01
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OPEC Just Signaled A Historic Gold Tailwind (ZeroHedge)
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OPEC Just Signaled A Historic Gold Tailwind
Authored by Matthew Piepenburg via VonGreyerz.gold,
The United Arab Emirates' headline departure from OPEC this week has now made the case for precious metals almost too obvious. In fact, the critical USD-Petrodollar-Gold triangle just sent us one of the most important gold signals in over 50 years.
And for anyone paying attention, this should come as no surprise.
Warnings from 2022
From day one of the 2022 U.S. sanctions against Russia, we argued in “How the West was Lost” that this event marked the greatest macro-economic watershed to hit the world since Nixon decoupled the dollar from gold in 1971.
As of this week, the ripple effects of that warning just grew to wave height.
Back in 2022, we warned that trust in a now weaponized world reserve currency would fall, creating a scenario in which the BRICs+ nations would slowly de-dollarize, thereby weakening the hegemony of the USD in general and the USA in particular.
In the years that imm...
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