Singapore Is Latest Nation to Jump on the Gold Bandwagon.

#gold #Singapore #Serbia #dollar #Petrodollar #China #currencyreset #money #inflation #markets #Brazil #Brasil

Today we will look at the latest news out of the wholesale gold market. We reported earlier this year how Brazil had increased its gold reserves by 62% in July and is now the latest nation to add on to its reserves in Singapore. According to Bullion Star, the City-State added 26 tonnes and increased its holdings by 20%.

Our conclusion is that the gradual move away from the Petrodollar continues as more and more countries get out of the U.S. fiat currency and add on physical gold to reserves.

FOMC Press Conference from Nov. 3, 2021:

Brazil's Gold Reserves Soar by 62% in June.:

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