“Ethiopia has opened its first ever gold refinery, a $50 million joint venture… we are exporting $5.6 billion worth of gold… a $140 million auction… earnings go to the central bank.”
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Said on World Business Report
Don Struyven · Exchanges · Why Oil Prices Are Surging Despite Recovering Supply
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stated that central banks are buying gold at a pace 5× the pre-2022 average
5× the pre-2022 average
“Ethiopia has opened its first ever gold refinery, a $50 million joint venture… we are exporting $5.6 billion worth of gold… a $140 million auction… earnings go to the central bank.”
“Introduction of a new China central bank-type tool requiring banks to set aside cash with the Reserve Bank of India for some foreign exchange transactions”
“Buy a good gold ETF… we always knew it was a good thing to buy, but we just didn’t buy it on this side. In a liquid format.”
“If you now average across all states and localities, the kind of weighted population average minimum wage is around $12.13… a high barrier for many employers.”
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