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![GOLD: Highest Month & Quarter Settlement](https://pbcdn1.podbean.com/imglogo/image-logo/12332804/rssfeedimage-min_300x300.jpg)
Monday Apr 03, 2023
GOLD: Highest Month & Quarter Settlement
Monday Apr 03, 2023
Monday Apr 03, 2023
Singapore added to its official gold reserve pile last month, Feb 2023, adding +51 metric tonnes of official gold bullion since the start of last year, 2022.
For the most part record sized government central bank gold bullion buying is being driven by emerging and developing economies.
Let yourself look in this embedded SD Bullion Bullion Market Update back to the last major secular bear market in bonds. Back in early 1980, the gold-silver bullion bull market mania price tops. Understand how far adrift world central banks still are regarding their current gold bullion allocations.
Many of the purple-colored emerging and developing economies here made other major financial news headlines this week. As many are increasingly dedollarizing or taking fiat Federal Reserve notes and or offshore fiat eurodollars (or fiat US dollar circulating offshore) from being intermediaries in their bilateral trade settlements.
Here are but a few examples.
The Association of Southeast Asian Nations, with the acronym ASEAN, is a combined +678 million people in some of the fastest-growing economies globally.
They are now considering dropping the fiat US dollar, fiat euro, fiat yen, and pound as intermediaries in bilateral trade payment settlements.
Together they represent nearly 1/10th of World's GDP.
Remember how on this very channel, I have shown you clips of how the BIS is actively assisting countries like Malaysia and Singapore. In a new emerging fiat financial order, to eventually settle their own trade directly with one another using the emerging wholesale CBDC payment settlement platforms.
Well, what do you think countries like Singapore and Malaysia are doing?
Is it not becoming more obvious by the week?
Even our supposed European allies are now trading and settling in our supposed rival's fiat currency units in order to acquire critical commodities like liquid natural gas.
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