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#gold

14 posts12 participants0 posts today

i found some court filings that detail one man's attempt to use the courts to force #Tether and other #cryptocurrency companies to give him back $3 million that was stolen from him.

spoiler: it didn't go well. the crypto companies used their standard defense of "#blockchain is open source so not our problem lol".

not only did he have to chase the crypto companies through multiple jurisdictions (#singapore, british virgin islands, etc), in the end i don't think he got any of his money back from the (probably) #Russian criminals who stole it.

threadreaderapp.com/thread/194

74 % of Bank of Finland's gold reserves are located outside EU and 96 % outside Finland.

Traditional view on gold reserves is to protect primarily from financial instability but does the current geological decentralization support geopolitical turmoil sufficiently?

ref. suomenpankki.fi/en/Monetary-po

Bank of FinlandFinancial assetsFinancial assets consist of foreign reserves, long-term investments and gold holdings. The Bank of Finland’s updated financial asset framework was adopted at the beginning of 2023.

Marktbericht: KI-Fantasie reißt Nasdaq nach oben

Die KI-Fantasie ist zurück: An der Nasdaq wurden Rekorde gebrochen und Nvidia zum wertvollsten Konzern der Welt. Damit traten die Nahostkrise und Zollsorgen vorerst in den Hintergrund.

➡️ tagesschau.de/wirtschaft/finan

tagesschau.de · Marktbericht: KI-Fantasie reißt Nasdaq nach obenBy tagesschau.de

Central banks around the world are steadily shifting away from the U.S. dollar and increasing their gold reserves, signaling a move toward safer, more stable assets.

Financial expert Tajinder Singh Virk describes this trend as “a calculated step toward economic resilience in uncertain times.”

As global trust in fiat currencies fluctuates, gold is re-emerging as a key pillar in reserve strategies.

#Gold #DeDollarization #CentralBanks #GlobalEconomy

walletinvestor.com/magazine/go

Walletinvestor.comGold Gains Ground as Central Banks Shift from Dollar to Safe HavensCentral banks boost gold reserves, reducing dollar exposure, as global instability drives demand for reliable, apolitical safe haven.