Kirkland Lake Gold (KL)

[NYBob]

$Happy New Year - Central banks accelerate shift from dollar to gold
worldwide
More resilient to upcoming rate hikes, holdings rose to a 31-year high
in 2021

HARUKI KITAGAWA, Nikkei staff writer
DECEMBER 29, 2021 16:36 JST

TOKYO -- Central banks around the world are increasing the gold they
hold in foreign exchange reserves, bringing the total to a 31-year high
in 2021.

Central banks have built up their gold reserves by more than 4,500 tons
over the past decade, according to the World Gold Council, the
international research organization of the gold industry.
As of September, the reserves totaled roughly 36,000 tons, the largest
since 1990 and up 15% from a decade earlier.

The value of the dollar against gold has dropped sharply over the last
decade as large-scale monetary relaxation has kept boosting the supply
of the U.S. currency. Although the U.S. Federal Reserve is starting to
tighten its grip on credit, other central banks continue their shift to
gold, reflecting global concerns about the dollar-based monetary
regime.

Gold is not directly linked to any nation's economy and can withstand
global unrest in financial markets, Adam Glapinski, president of the
National Bank of Poland, was quoted by local media as saying in
September as he explained the Polish central bank's buildup of gold
reserves.
The NBP bought some 100 tons of gold in 2019 and continues to purchase
the yellow metal.

The purchase of gold by emerging economies is continuing. In the first
nine months of 2021, Thailand bought some 90 tons, India 70 tons and
Brazil 60 tons.


Unlike U.S. government bonds and other dollar-denominated assets, gold
bears no interest. But the central bank of Hungary trebled its gold
reserves to more than 90 tons last spring because the metal is free
from credit and counter party risks.

Large purchases of gold were limited in the past to the central banks of
Russia and some other countries trying to free themselves from reliance
on the dollar because of political confrontations with the U.S.

Recently, the central banks of emerging economies, which tend to be
exposed to plunges in the value of their currencies, and of Eastern
European countries of limited economic scale have been noticeable
buyers. Faced with a persistent depreciation of its currency,
Kazakhstan has sharply raised the ratio of gold to foreign exchange
reserves.

... For the remainder of the report:

https://asia.nikkei.com/Spotlight/Datawatch/Central-banks-accelerate-shift-from-dollar-to-gold-worldwide


The Fed has made clear it is ending its easy money policy and projected
that it will begin raising interest rates in 2022. But the central
banks of emerging economies are likely to continue their shift to gold
from the dollar.

Gold prices remain firm, although the metal is considered unresistant to
rate increases. On Dec. 23, gold was quoted at the $1,807 level per
troy ounce, up 2% from just before the Fed's Dec. 15 announcement of a
decision to accelerate the tapering of its quantitative monetary easing
policy.

$MERRY CHRISTMAS - Jaw Dropping" Move In Gold & Silver Amid Monetary Panic | Michael Oliver *~<)
14,055 viewsPremiered

https://www.youtube.com/watch?v=nn-IaFhSiHE


$Kirkland Lake Gold Declares Quarterly Dividend Payment
TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) -


$Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “ Company ”)
(TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend
payment for the fourt...


https://www.kl.gold/news-and-media/default.aspx


$Well; 2022 seems to be shaping up to be a very, very interesting year. )
$GOLD TARGET $3,100-$7,600: Last Time Gold Had This Setup It Surged 330%!
December 16, 2021


https://kingworldnews.com/gold-target-3100-7600-last-time-gold-had-this-setup-it-surged-330/


$Gold Surges Above $1,800 But This Will Trigger $30 Silver And $2,100 Gold
December 17, 2021


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Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
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$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
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C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments


https://usawatchdog.com/dollar-has-stage-4-cancer-rob-kirby/


Bitcoin CRASH tied to Evergrande DEFAULT
17770 views


https://www.brighteon.com/8333fcd0-ce14-4cca-9272-088574c30545


$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,

https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold


$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH


https://www.bitchute.com/video/QFBR0FGbAzi2/


$In GOD We Trust - Real Money - AU Safety 6000yrs )




https://www.kitconet.com/images/quotes_7a.gif?1493417496003













http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

God Bless

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Ps.
opinion appreciated