Journal to portfolio afterlife

[black-opal]

https://twitter.com/x/status/1712747854974837089

 

[black-opal]

The following chart shows the extent to which institutional demand for gold has shifted to the East. It compares the cumulative gold sales of Western central banks with the cumulative gold purchases of the Shanghai Cooperation Organization (SCO or SOC) since 2001.

Looking at the BRICS, we also see a striking overlap, with central banks from four of the five BRICS countries – Brazil, Russia, India and China – buying a cumulative 2,932 tonnes of gold over 2010–2022.

In turn, the BRICS continue to reduce their share of the soaring US government debt. In other words, gold is becoming more and more interesting as a reserve asset because US Treasuries have been becoming less and less interesting as a currency reserve for more than a decade. The militarization of money by freezing Russia’s foreign exchange reserves just days after Russia’s invasion of Ukraine in late February 2022 added emphasis to this process, but did not kick it off.
The BRICS now hold only 4.1 percent of all US government debt, compared with 10.4 percent in January 2012. That is a decline of more than 60 percent.

However, the East is not only stocking up on gold and mining gold itself on a large scale. China and Russia have ranked among the top 3 gold producing nations for years.
Countries such as China, the United Arab Emirates and even Russia are expanding their gold trading infrastructure. This is to establish a permanent infrastructure for the detour of gold trading from gold trading centers in the West such as London, New York and Zurich. This testifies to the changing understanding of roles: The East increasingly no longer sees itself as a customer of Western infrastructures, but offers the infrastructure itself.

As of the end of September, gold was 14.6% higher in Indian rupees than at the beginning of 2022, 18.0% higher in Chinese renminbi, 34.3% higher in Russian rubles, 22.1% higher in South African rand (all left-hand side) and 114.0% higher in Turkish lira (right-hand side). Gold thus impressively demonstrates its value-preserving properties in difficult (geo)political and macroeconomic situations in these countries.

5 Signs that Gold Will increasingly Flow to the East

The reshaping of the world economy and the global (political) order is in full swing. It is a long process, the concrete outcome of which is uncertain in advance and associated with numerous…

goldswitzerland.com

 

[black-opal]

 

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Oil prices jumped by nearly 4% early on Friday after the United States took a tougher stance on the Western sanctions against Russia, adding to growing concerns about supply amid fears of escalation in the Hamas-Israel war.

On Friday, prices rallied after the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed late on Thursday sanctions on two entities and identified as blocked property two vessels that used Price Cap Coalition service providers while carrying Russian crude oil above the Coalition-agreed price cap.
The price cap of $60 per barrel of Russian crude oil set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling. The measure took effect at the end of 2022 when the EU imposed an embargo on imports of Russian crude oil.

Oil Prices Rally As The U.S. Enforces Sanctions On Russian Exports | OilPrice.com

Oil prices jumped by nearly 4% on Friday after the U.S. took a firmer stance on Russian oil sanctions as the Hamas-Israel war continued to rage.

oilprice.com

 

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Oggi +0,58%, anche l'oro al rialzo.

 

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https://twitter.com/x/status/1712815459844931914

 

[black-opal]

Una chiave di lettura della situazione Israelo-Palestinese.

Israele, perché la demografia è cruciale nel conflitto

Ecco perché la demografia di Israele e Palestina può essere la chiave di lettura della guerra in corso

demografica.adnkronos.com

 

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Il valore aggiunto torna abbondantemente sopra il 3%.

 

[black-opal]

Spacciare pessimismo fa sembrare più intelligenti, o almeno così dicono.

https://twitter.com/x/status/1712838490709213453

 

[black-opal]

Mastercard, the second-largest payment-processing corporation worldwide, has announced the successful completion of a pilot program that enabled central bank digital currencies (CBDC) to be tokenized (wrapped) onto different blockchains, giving customers a way to participate in commerce across multiple blockchains with increased security and ease.

Mastercard pilot achieves breakthrough in CBDC interoperability

Mastercard has developed a new platform capable of tokenizing CBDCs onto multiple blockchains, enabling cross-blockchain payments.

www.kitco.com