~*~Mining and Metals Du Jour~*~

[copytele]

gold finger

UK MSM The Telegraph mentioned gold revaluation yesterday. Once a taboo topic they have shifted the Overton Window.

https://www.telegraph.co.uk/business/2022/11/07/whoops-central-banks-may-soon-need-gigantic-bail-out/

"DNB is exploring a revaluation of its large gold reserves as a “solvency backstop”. If the Dutch are having to do this, we can be sure that weaker central banks in the ECB network are in worse shape. It is likely that gold reserves will have to be mobilised in several states to boost equity capital. The barbarous relic may get its revenge on fiat paper.