Radio Show Hour 1 – 05/09/2024

* Guest: Bryan Rust, Over the past 50 years, Rust Coins has been working to educate customers about precious metals – FreeWaterCoinCo.com

* Honest Money Report: Gold – $2319.30 Silver – $27.80.

* Tucker Carlson Interviews Biden Sexual Assault Accuser Tara Reade Who Moved To Russia Seeking Political Asylum.

* MTG’s Push To Remove Mike Johnson Turns in to Epic Fail!

* there is a growing sentiment that the gold market is governed no longer by economic factors but by the whims of Chinese buyers and investors – dnyuz.com

* “China is unquestionably driving the price of gold,” said Ross Norman, chief executive of MetalsDaily.com, a precious-metals information platform based in London. “The flow of gold to China has gone from solid to an absolute torrent.”

* Another major buyer of gold in China is the country’s central bank. In March, the People’s Bank of China added to its gold reserves for a 17th straight month. Last year, the bank bought more gold than any other central bank in the world, adding more to its reserves than it had in nearly 50 years.

* Beijing is buying up gold to diversify its reserve funds and reduce its dependence on the US dollar, long considered the most important currency to hold in reserve.

* China has been reducing its US Treasury holdings for more than a decade. As of March, China had about $775 billion worth of US debt, down from about $1.1 trillion in 2021.

* Many central banks, including China, starting acquiring gold after the US Treasury Department took the rare step of freezing Russia’s dollar holdings under sanctions imposed on Moscow.

* Mr. Guan said the sanctions had shaken the “foundation of trust for the current international monetary system” and forced central banks to protect their reserves with more diverse holdings.

* Illegal Immigrants In Denver Issue 13 Demands Before They’ll Leave Street Encampment For Shelter!