The Gold Exodus
Today’s chart shows that the share of gold in the forex reserves of “China-leaning” countries has been going up. Meanwhile, the share of gold in the FX reserves of “U.S.-leaning” countries has been going down.
In 2004, gold was just about 2% of China-leaning countries' total foreign exchange reserves. Today, it's about 7%. That's a massive shift.
In contrast, for U.S.-leaning countries, the share of gold in forex reserves has been dropping steadily over the past decade.
This is the gold exodus from the West to the East that media talking heads don't like to talk about.
And if you look at the graph above, you can see how it really accelerated after the U.S. hit Russia with sanctions in 2014.
For many countries looking on, that was the first red flag. Suddenly they realized that if their foreign policy is not aligned with that of the U.S., they could be sanctioned into oblivion. So, they started diversifying away from the dollar and toward gold. Ever since, the more gold "U.S.-leaning countries" sold, the more gold "China-leaning countries" bought.
Note: The “U.S.-leaning” countries mainly include Europe, Canada, Australia, and New Zealand, while “China-leaning” countries include Russia, Eritrea, Mali, Nicaragua, Syria, and several others.
Have a great weekend!
Lau Vegys
Why so much misinformation about Islam, Islam means peace and it respects other religions specially Judaism and Christianity. Jesus Christ is mentioned 187 times in the Quran and there is a whole chapter called Maryam after the Virgin Mary. It is only the Britiish Bernard Lewis plan of 100 year war in the middle east and the CIA and MI6 backing of extremism that haa been used to divert resistance to colonial powers that has on purpose made Islam into a scary monster for the West so they can spend $1 Trillion a year on the congressional military industrial complex..
It was Christian European powers that started and fought two world wars resulting in 23 million and 55 million deaths, it was US and its European NATO allies that killed millions in Vietnam, Iraq, Afghanistan and Libya. The US has been at war for 222 years out of its 247 year existence.
So wake up and don't fall for the divide and rule narrative of the deep state.
You cant fix stupid!