Gold reserves

President Trump has promised to institute trade tariffs on various imports, and some countries haven’t been happy about his actions . . . .

After Dumping Half of US Treasuries in April . . . .

Texas Bullion Depository is open for business, the nation’s first state-administered precious metals storage facility open to the public, where all U.S. citizens can store their gold and silver bullion . . . .

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony . . . .

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange . . . .

Germany has the world’s second-largest gold reserves, but since the Cold War, no one has seen it on German soil. Until this weekend, when the country’s central bank, Bundesbank, put eight bars on display at its Money Museum . . . .

Republican Congressman from West Virginia Alex Mooney has proposed a bill “to define the dollar as a fixed weight of gold.” The problem is that the US may not have enough physical gold to back the greenback, an expert tells RT . . . .

For years, a trend has developed that, much to the dismay of global financial elites, has taken hold and will only accelerate from this point on . . . .

Hungary latest country to repatriate gold . . . .

It’s a little-known fact in the West, but Russia has very little sovereign debt. In fact, if you ignore the corruption and misallocation of capital in the Russian economy, you could make the case that Moscow has been more financially responsible than Washington over the last several decades . . . .