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According to data released by the National Bank of Poland, the central bank increased its gold reserves by nearly 15 tons in April, marking the largest increase since June 2019. This has elevated Poland’s official gold holdings to the 22nd position globally, accounting for approximately 8.5% of the central bank’s total reserves. The move by the Polish central bank suggests that the country may be preparing for the restoration of the gold standard or the establishment of a gold-backed digital reserve currency. Meanwhile, an increasing number of U.S. states are recognizing gold as legal tender, abolishing sales taxes on gold, and officially designating it as a form of currency. This signifies growing recognition of gold as an alternative to the U.S. dollar. Furthermore, countries such as Russia, Iran, and Ghana have announced the adoption of gold or gold-backed digital currency systems to replace the use of the U.S. dollar in oil transactions, demonstrating their concrete actions in this regard. Gold-backed digital currencies have the potential to connect more central banks globally and could potentially evolve into a new global reserve currency, bypassing the dollar-based banking system. Just two weeks ago, Zimbabwe officially launched a gold-backed digital currency worth $14 million to reduce reliance on the U.S. dollar. Zimbabwe utilized nearly 140 kilograms of gold reserves to support the initial offering. In addition, countries like Brazil, Argentina, and other Latin American nations are also increasing their gold reserves while preparing for the establishment of a common currency. These developments indicate a reassessment of the role of the U.S. dollar, with central banks worldwide pushing for a greater role for gold in international reserve assets and financial transactions. Apart from Poland, many countries in Europe and emerging markets are fully prepared to restore the gold standard or establish digital currencies backed by strategic resources such as their own currency, gold, and oil. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.
