The global financial strategy seems to be in danger, prompting more and more countries to retreat their gold reserves from countries specified as the United States and the United Kingdom.
The last country to recover gold from the West is Nigeria, which reportedly repatriates 21 tons of gold due to continuous economical concerns specified as galloping inflation and escalation of geopolitical tensions.
To minimize the hazard of major losses, Nigeria has decided that its gold is best stored in the country alternatively than in unstable places specified as the United States and the United Kingdom, which seem to be deposed by the emerging fresh planet order.
"Economic indicators, specified as rising inflation, rising levels of debt and geopolitical tensions, have raised concerns among Nigerian decision-makers about the stableness of the American financial system" reports The Star, quoting Nigerian officials.
This "strategic decision", quoting economist Fatima Abubakar, is 1 of many "proactive measures" that Nigeria takes "to defend its wealth and strengthen its financial resilience".
"Bringing their gold reserves back into their borders, Nigeria not only provides greater control over its financial assets, but besides shows caution in managing economical risks in the face of global uncertainty," Nigerian officials further revealed.
(Related: Many home investors Does the same thing., collecting what they perceive as assets of a "safe harbor", specified as gold and bonds as the dollar heads towards collapse).
No 1 trusts the West anymore
India is another country that late decided to bring its gold home. Reports indicate that the world's most populous nation has withdrawn 100 tons of its gold from the treasury in Britain.
Increasingly, non-Western countries are questioning the legitimacy of the Western grip on money in general. They besides discover western scams related to gold and dollar reserves that are utilized as a abroad policy tool to control the world.
A survey conducted in 2023 by the planet Gold Council (WGC) showed that a "significant part" of central banks is afraid about what will happen to the planet after the United States and another Western countries frozen about half of Russian gold and currency resources worth $650 billion after the invasion of Ukraine.
About 68 percent of the banks surveyed said to the WGC that they intend to keep their gold resources within their borders. In 2020, before the "pandemic" coronavirus of Wuhan (COVID-19), only about 45 percent of central banks wanted to hold their gold reserves in the country.
"If this is my gold, I want it in my country," said Rod Ringrow, head of the formal Invesco institutions.
Currently and for any time the private cartel of central banks of the national Reserve in the United States has refused to disclose any information on the amount of gold stored in its vaults. erstwhile asked about this in March, national Reserve president Jerome Powell "avoided questions," quoting Great Game India.
Federal officials in the U.S. besides refuse to comply with the Freedom of Information Act (FOIA)'s request to supply data on gold resources, which, according to some, suggests that in vaults No gold at all.
Headline USA He reportedly requested access to public information, which besides called for information on the amount of gold held before Russia began a peculiar military operation in Ukraine. Fed turned it down.
In 2019, long before COVID and the Russian-Ukrainian War, Poland repatriated 100 tons of gold, as did Hungary and Romania. In the summertime of 2017, the Germans brought about half of their gold reserves. 2 years earlier, Australia had taken steps to reconstruct half of its gold reserves.
How long before the dollar falls? Learn more on DollarDemise.com website.
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Translated by Google Translator
source:https://www.naturalnews.com/
