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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (188456)	6/9/2022 4:36:48 PM
From: TobagoJack	Respond to of 217566

<<China nuclear power>> Uranium might well go Unobtainium faster than Gold, because suspect much of Europe might have to engage w/ nukes in a hurry, as equalizer for power and power, electrical, and geopolitical In the meantime, we know that whenever physical Gold moves as a balancing item between parties using stock especially if from inventory that is not chain-of-custody-good, the Gold is melted down and recast, each and every time if necessary. To do so requires services of a mint. Shipping gold around is convoluted and so expensive, a bother. A whole lot of certified good-mint are in Switzerland, which has no gold mining to write home about. HK also has minting enterprises, and at least one that is Swiss operated. Now, the gold mining ‘super’ power Saudi Arabia is setting up to do minting in situ. Suspect something is up. Wonder what’s up? Gold might become more useful soon, as national then institutional and corporate adoption happen. Like bitcoins. zerohedge.com Saudis Building Gold Refineries, China Just Smiles Karim Al Enezi, Head of the Precious Metals & Gemtones National Committee at the Saudi Council of Chambers *Submitted by Goldfixsubstack* The gold extracted from Saudi mines is refined in Switzerland, which implies a very high cost for the mines, amounting to nearly 35% of their profits, CNBC Arabia TV reported, citing Karim Al Enezi, Head of the Precious Metals & Gemtones National Committee at the Saudi Council of Chambers. He added that the Kingdom does not have any gold refineries currently, noting that the cost of establishing refineries is very high. The committee has recently communicated with the Ministry of Industry and Mineral Resources to issue a decision on refining gold in the Kingdom, Al Enezi said. He added that the Kingdom has the capacity and readiness for this, expecting gold to be refined in the Kingdom soon. Sent from my iPad