Randy Smith 🇺🇸’s Post

Rates seem to be moving. Inflation refers to the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power. It's a key economic indicator that affects decisions in finance, investment, and policy making. #commodities #Inflation #Herdingbehavior

Gold Market Update: Impact of Today’s NFP Report As today’s NFP report is released, our team is keeping a close eye on gold’s trajectory. Historically, weaker-than-expected job numbers can drive demand for safe-haven assets like gold, especially as the market anticipates potential Federal Reserve rate cuts later this month. With the Fed's next meeting on September 17-18, we may see a 25-50 basis point cut in rates, depending on the strength of the labor market. These decisions could be a major catalyst for gold prices, potentially pushing them beyond key resistance levels. We're eager to see how today’s economic data and upcoming Fed speeches shape the markets. What are your thoughts on how this will play out? #MarketUpdate #Gold #NFP #FedMeeting #FinancialNews #RPGM

Thomas Parilla this a reponce to post by Charles-Henry Monchau, CFA, CMT, CAIA -Henry Monchau, CFA, CMT, CAIA, OK the #Bitcoin ETP, yet the price of the underlying asset, is under $45,000, $1000 below what it was when the ETF started. 🤔 Understand what was agreed and what this means for the Bitcoin ecosystem. While the post is in reference to the Bitcoin ETF, it also answers your question about Physical #gold and #silver. https://lnkd.in/enbuspy2

Money is information. A currency must move at the speed of information or it will cease to be money. Before telecommunications, the speed of information was the speed of physical matter: the speed of a letter on horseback or a message on a carrier pigeon. In the Internet age, digital (fiat) currency is money because it moves at the new speed of information: light speed. If the banks collapse, we aren’t going back to gold unless the Internet also fails. What’s a money that is bankless, stateless, and moves at light speed? #Bitcoin THAT is your hedge for a US Banking Crisis. Want proof? Check the #BTC-USD chart in March 2023. And then check GLD. Which one would you rather have?

Maybe there is still some hope - the more I read about the intentions of the working group setting up the Unit for the Global Majority - focusing on a total apolitical outcome and open to all with a decentralised ledger technology. Unlike the US manipulated Bretton Woods system that was annexed by the US in 1971 by changing the reserve currency (dollar) into a free-floating fiat currency which enabled them to create as much liquidity as they pleased, it will lead to stability (gold + multiple currencies backed). More importantly, it will not be weaponised to bully other nations into doing what the bully wants and steal their wealth at will.

The #KimberleyProcess (KP) aims to stop the trad of #conflictdiamonds 💎 ⛏️ However, restrictions contributed to a rise in artisanal gold mining and smuggling. KP’s nature as a political compromise does not credibly assure that no conflict diamonds are exported into formal markets. 💡How can sanctions be tweaked to better fulfill their purposes? 👉 https://buff.ly/4bNabRQ

The Kimberley Process and the Illicit Diamond Trade in the Central African Republic 💎🇨🇫 1. The Kimberley Process was established in 2003 to prevent "conflict diamonds" from entering the legal market. 🏹💎 2. The Kimberley Process definition of "conflict diamonds" only covers diamonds that finance rebel movements. 🪖🔫 3. The Central African Republic (CAR) was a key test for the Kimberley Process due to the widespread use of diamonds by armed groups. ⚔️💎 4. In 2013, the CAR was suspended from the Kimberley Process to curb the trade in conflict diamonds. ⛔💎 5. A partial lifting of the suspension in 2016 allowed diamond exports from certain regions in southwestern CAR. 🔓🗺️ 6. However, the Kimberley Process proved to be a "blunt tool" for addressing the situation in the CAR. 🔧❌ 7. The CAR's suspension from the Kimberley Process led to a decrease in official diamond exports and an increase in illicit trade. 📉🔍 8. Diamond smuggling accounts for 90% of all diamonds mined in the CAR, and the state loses revenue. 🚨💸 9. Artisanal gold mining increased as an alternative source of financing for armed groups. ⛏️🥇 10. Cameroon became the main transit point for smuggled diamonds from the CAR. 🚚🇨🇲 11. Dubai is a key hub for "laundering" smuggled diamonds by mixing them with legitimate ones. 🌆🧼💎 12. Armed groups are flexible in their financing, taxing a wide range of goods and activities. 🪖💰 13. The Kimberley Process failed to sever the link between diamonds and conflict in the CAR. ⛓️💎 14. Different stakeholders within the Kimberley Process have divergent priorities and interests. 🙍♂️🙍💼 15. NGOs are calling for the expansion of the definition of "conflict diamonds" to include state actors. 🗳️🔎 16. The current Kimberley Process suspension cannot be considered effective protection against conflict diamonds entering legitimate circulation. ⚠️🛡️ 17. The risks of depriving artisanal miners in the CAR of a legal market need to be carefully weighed against the benefits of Kimberley Process restrictions. ⚖️👥 18. The Kimberley Process's role should be considered part of a toolbox for promoting peace and security. 🕊️🧰 19. Targeted sanctions can play a complementary role in changing company behaviour, as in the case of Badica. 🎯💼 20. Mining communities in non-compliant zones should be offered a legal market for their minerals. 💱👥 21. Strategic assessments should precede the implementation of trade regimes, considering their potential negative impact. 🔍📊 22. Kimberley Process certificates should accompany diamonds throughout their entire trajectory to the market. 📜💎 23. The certification process needs to be digitized to track the origin and path of each diamond. 💻🔍 24. Mixed parcels of diamonds of unknown origin create opportunities for abuse and require regulation. 🌪️💎 25. The Kimberley Process alone cannot promote peace and security by addressing the illicit diamond trade. 🕊️🚫💎 #KimberleyProcess #IllicitTrade #Sanctions

Yes 👍 gold should be part of any sensible portfolio of investments

Precious Metal will always as Precious, Gold Silver digger exploration be prepare for big project in the future