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Posts Tagged: “reserves“
New ECB Report: Gold Surpasses Euro as Second Most Important Reserve Asset
In a report released yesterday by the European Central Bank, new data revealed that gold is now second only to the dollar as the world’s preferred reserve currency. This revelation follows a year where gold prices soared to historic highs, surpassing the inflation-adjusted peak of the 1979 oil crisis. This renewed enthusiasm for gold coincides […]
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Governments Sell Their Bitcoin and Buy Gold
Bitcoiners are hoping that the Trump administration will pump their bags to new all-time highs this year with a Bitcoin Strategic Reserve. But all around the world, governments are selling bitcoin and buying gold, not the other way around.
Tennessee Governor Signs Bill Authorizing State Gold and Silver Reserves
Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves and could help undermine the Federal Reserve’s monopoly on money.