One thing John McCluskey, CEO of a $15 billion gold producer, made very clear: The world needs significantly MORE minerals to meet the aggressive timelines set by international bodies to move away from fossil fuels.
We need a lot more copper, cobalt, and lithium deposits to make that vision a reality. @zerohedge
John made also said that GOLD is a critical mineral and how it is going to become a very important piece of world trade.
Watch, here:
Judy Shelton is the ideal Federal Reserve chair. Brillant, principled, and a lifelong advocate for sound money. She’s exactly who America needs to restore integrity to its monetary system.
China’s copper smelters face ore shortage as treatment charges plunge below zero… Something to follow closely if you are watching copper. Who is the biggest consumer of copper? China.
@zerohedge posted this brilliant g*****c piecing together the interest for copper from major mining companies:
Gold stands apart from nearly every element on the periodic table… it’s not consumed, it’s saved. It’s immune to the chaos of business cycles, untouched by decay or default. In a world where paper currency is endlessly diluted, gold remains the immovable foundation of trust.
Nation-states are hoarding gold and locking down mineral supply chains. Meanwhile, the masses are chasing the digital world and narrative-driven assets.
One represents true power.
One represents a new industry.
We will see where we land.
Gold is on the offensive.
Central banks are hoarding.
Costco can’t keep it on shelves.
BRICS is eyeing a new precious metals exchange.
China is expanding the Shanghai Gold Exchange.
Even the European Central Bank fears gold demand could c***k the system. The writing is on the wall.
I told @judyshel last November in the first GT episode I was disgusted by how Congress treated her during her Federal Reserve nomination. Responsibility is not the vocabulary of a fiat driven world. She would help change that. That explains the fear…
The Federal Reserve has losses of $231 billion at the end of May on their balance sheet. $231 billion. Somebody should ask Jerome Powell about this.
The most important chart in the world right now:
The beauty of gold’s rise is how it humbles the self-proclaimed experts and vindicates those long dismissed as conspiracy theorists, including myself. What was once mocked is now being openly recognized. They laughed at the gold bugs… now they’re googling “what is happening?”
Here we go… Japan’s Finance Minister says the country will promote more domestic ownership of Japanese government bonds.
President Nixon “temporarily” suspended the gold standard in 1971 because the U.S. couldn’t cover foreign dollar claims. Today, the U.S. holds just over $800 billion in gold, which has NOT been audited, but owes over $7 trillion to foreign creditors. Just think about this for a second.