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Welcome to today's Gold & Silver Central newsletter. We have some fantastic articles and videos for you today.
One video is an interview with Lynette Zang, and she has much to say about the “great reset” that she calls a currency reset and according to Zang, this reset has already started.
Also, do you realize this Thursday is when Brexit goes into effect? How will this affect precious metals? We have the answers for you.
Have a great Wednesday!
Now let’s dig in…
Economy
This Thursday, Brexit Goes into Effect
February Gold was trading higher, in fact, it rallied all the way up to $1,904.10 gaining $20.90. Then exactly at 9 pm Est the prices got Shanghai’d, as the brakes got applied, then the reverse, with the trade now down $4.20 at $1,879.10 and recovering from the London low at $1,873. March Silver’s movement upward was also stopped, with the high at $26.98, and the low at $26 with the last price at $26.46, up 55.2 cents. The US Dollar hasn’t moved much at all, with the trade valued at 90.235, down 1.5 points after hitting a high of 90.315 and the low point at 89.895. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the EU nations quickly and unanimously approve the Christmas Brexit deal, which btw, goes into effect this coming Thursday, the very last day of the year.
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Commentary
[VIDEO] The Currency Reset is Underway
In this video the I Love Prosperity YouTube channel talks with the one and only Lynette Zang - she breaks down the financial system, the impending monetary crash, the currency reset, gold, silver, precious metals, her predictions for the future & more...
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Commentary
Mainstream Media Mentions Bitcoin More Than Gold in December
A weaker dollar, investors betting on more US stimulus, and Britain and the EU appearing to be close to clinching a trade deal is pushing the markets higher. Trading around $1,875, up from the $1,760 bottom at the end of November, gold is enjoying an uptrend on the back of a weaker dollar, which is currently hovering around 90. Also, investors are betting on more US stimulus, as President Donald Trump urges for $2,000 stimulus checks, calling the $600 direct payment a “disgrace,” which has found support from House Speaker Nancy Pelosi and other Democrats as well. Margaret Yang, a strategist at DailyFX said…
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International
Russia’s Weekly Gold & Foreign Currency Reserves Leap by $6.5 Billion
Russia’s foreign exchange holdings rose by over one percent in one week to reach a total of $593.6 billion, according to the latest central bank data. The growth seen between December 11 to December 18 was supported by “positive exchange rate revaluation and higher gold prices,” the Central Bank of Russia said in a statement on Thursday. The increase came after the country’s weekly forex reserves fell $0.6 billion earlier this month, according to the official statistics.
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Latest News
New Global Palladium Fund Issues First Tokens
The Global Palladium Fund (GPF), established by palladium and high-grade nickel producer PJSC MMC Norilsk Nickel, has issued the first tokens to its industrial partners Traxys and Umicore. The issuance of tokens involves metal contracts. The company expects to enable optimization of supply chain efficiency as well as transparency. GPF is aimed at widening access to the world’s precious, base, as well as rare earth metals, and to facilitate the advanced technologies developed to ensure responsible sourcing of the natural resources.
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Commentary
Wow: 2021 Will Surpass 2020 for Precious Metals
From David Brady, writing for the Sprott Money blog: “Last week, I covered Goldman’s purchase of the Perth Mint’s ETF. The latter allowed holders of the ETF to readily convert their shares into physical Gold. While Goldman kept most of the characteristics of that ETF in place, it changed the key one—that physical convertibility. Now it’s just like any other ETF. Why, and why now? Perhaps because the Perth Mint is running out of the physical metal or Gold is just becoming more scarce in general. Perhaps Goldman wants to delude the peasants into thinking they own Gold when in fact it is just another cash-settled ETF that tracks the price of Gold. One thing is for sure, Goldman would not be buying an ETF if the demand was going down just to earn a paltry 0.18%. Simply put, this is bullish Gold medium and long-term, IMHO.”
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