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


To: bull_dozer who wrote (195619)1/28/2023 4:43:18 AM
From: TobagoJack  Respond to of 217616
 
If so, can well be a plot to enrich gold accumulators of high-dosage faith



To: bull_dozer who wrote (195619)1/30/2023 12:44:30 AM
From: bull_dozer  Read Replies (1) | Respond to of 217616
 
Exodus of Wealthy Chinese Accelerates With End of Covid Zero

  • China could face at least $150 billion capital flight: Natixis
  • Resumption of travel opens gates for China’s wealthy to leave

Denny Ko, an immigration lawyer in Hong Kong who advises wealthy Chinese clients, said that the truly rich have had contingency plans in place for years, and the people who are now looking for options tend to be further down the wealth scale, including the upper middle class, entrepreneurs and senior-level executives.
Searches and keyword mentions of “emigration” on Wechat almost quintupled on Dec 26 from a day earlier to 110.7 million, after China downgraded Covid-19 to a lower threat disease class and announced that it would scrap all quarantine measures.
As the wealthy look to invest abroad, private banks have been building their desks to deal with the flow of capital.
They have been hiring in Singapore to serve wealthy Chinese that are investing in the city state. The flood of money has prompted sky-rocketing prices for everything from mansions and golf memberships to luxury car sales in Singapore.

bloomberg.com



To: bull_dozer who wrote (195619)2/6/2023 8:46:55 PM
From: TobagoJack  Respond to of 217616
 
this dusk in 8 hours shall join the boyz for drinks followed by dinner, am hosting as thanks to my visiting pal who hosted my family a few weeks ago on Koh Samui

he, an ex-american with Irish citizenship and HK permanent residency, is visiting HK to get his HKID tagged so that he shall retain residency right. The government requires electronic-entry-logging at least once every 3 years and my friend / neighbour has been Covid-protocol-ing on Koh Samui since March 2020.

On his way back to Koh Samui he shall take inventory of his gold holdings stored in the HK government-operated facility within the airport, involving making appointment 24-hours ahead of time, ID-ing, counting, noting serial numbers, and photographing the pile. He has more gold than the government of HK.

I shall this afternoon pick up my ordered American gold Buffaloes and my 2023-mintage Chinese platinum Pandas. I already got my fill of 2023 mintage Panda gold coins.

I think gold and platinum, and metals in general shall continue to retain purchasing power going forward.

Interesting 'thing' about Russian central bank reserve just out

rt.com

Russia boosts forex reserves

Russian foreign exchange reserves surged by $3.1 billion last week, the Bank of Russia revealed on Thursday.

The holdings amounted to $597.7 billion, having increased by 0.5% during the week ending January 27, driven by a positive revaluation of currencies, the central bank reported in its regular update. As of January 20, Russia’s forex reserves totaled $594.6 billion.

Russia’s international reserves, which are highly liquid foreign assets held by the Bank of Russia and the country’s government, consist of monetary gold, Special Drawing Rights (SDR) with the IMF, and foreign currency held within the country.

READ MORE: Amount of frozen Russian investments revealed
Roughly half of the holdings were frozen by Western central banks in early March as part of anti-Russia sanctions over the Ukraine conflict. In addition to freezing the funds, Western countries banned operations related to their management.

The remaining holdings consist of gold and foreign currency held within the country, as well as Chinese yuan assets. Prior to the conflict, Russia’s forex reserves had reached a historical high of $643.2 billion.