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Central Banks Ramp Up Gold Purchases Again as $3K per Ounce Appears Inevitable

Editor’s Note: Anyone who says gold or silver are definitely going to go up is speculating. The signs are clearly positive for precious metals but this article and any related communications are for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice. This outlet benefits from purchases made through our sponsors.

Gold’s ascent toward $3000 an ounce was interrupted last month when China’s central bank halted its purchases. However, a survey of 70 central banks conducted by the World Gold Council (WGC) indicates robust future buying. None of the respondents foresee a decline in central bank purchases, with 81% anticipating an increase.

“China broke its 18-month gold-buying streak in part to basically ‘pump the brakes’ because prices have been skyrocketing,” said Jonathan Rose, CEO of Genesis Gold Group. “But more importantly they were testing resilience and control to see if their actions would cause prices to plummet, which they didn’t.”

Central banks significantly influence gold prices, with last year’s purchases nearing record levels. Despite private investors selling off in Q1, May saw a reversal, with ETF holdings rising.

Private buyers might bolster prices further, particularly if U.S. interest rates fall. The WGC survey revealed a strong expectation of increased gold reserves in central banks over the next five years. The motivations include strategic rebalancing, economic concerns, and geopolitical instability.

“We often disagree with the way central banks acts, but their motivations are aligned with our customers right now,” Rose said. “The central banks are hedging their investments because they are worried about turmoil tanking economies. Our customers feel the same concerns which is why they’re rolling over or transferring their retirements to physical precious metals.”

Genesis Gold Group specializes in taking old or current retirement accounts and moving them into Genesis Gold IRAs. This “safe haven” approach is becoming more popular as financial strife spikes across the country and around the globe.

The difference between individual investors and central banks as it pertains to gold is that with central banks, they have some degree of control over prices. As they push for Central Bank Digital Currencies, all eyes are on the U.S. Dollar and moves being made by BRICS nations. These factors suggest central banks will continue to play a crucial role in the gold market amidst ongoing global tensions and economic challenges.

Request the free, exclusive Wealth Protection Kit from Genesis Gold Group today.

Biden-Harris Regime’s Aggressive Litigation Strategy to Enforce Agenda Likely Infringes on States’ Rights

DCNF(DCNF)—The Biden-Harris administration has aggressively pursued litigation against red states as a means of advancing its agenda, which legal experts said could infringe on states’ rights.

States such as Texas, which have taken steps to limit the surge of illegal migrants — reaching record levels under the Biden administration — are now facing lawsuits from the federal government. Similarly, states that passed laws contradicting the Biden administration’s positions on issues like abortion and gender have faced lawsuits challenging the constitutionality of the bills.

The amount of lawsuits the Biden administration has filed is “unprecedented,” Hans​​​​ von Spakovsky, senior legal fellow at the Heritage Foundation’s Edwin Meese III Center for Legal and Judicial Studies, told the Daily Caller News Foundation.

“And all of them are examples of the DOJ abusing its law enforcement power and infringing on federalism by going after the states,” he said.

The DOJ sued Virginia on Friday over an initiative intended to remove non-citizens from the voter rolls “too close” to the election. Republican Gov. Glenn Youngkin called it a “desperate attempt to attack the legitimacy” of the state’s elections.

“With less than 30 days until the election, the Biden-Harris Department of Justice is filing an unprecedented lawsuit against me and the Commonwealth of Virginia, for appropriately enforcing a 2006 law signed by Democrat Tim Kaine that requires Virginia to remove noncitizens from the voter rolls — a process that starts with someone declaring themselves a non-citizen and then registering to vote,” Youngkin said in a statement.

The administration likewise targeted Alabama over an effort to remove noncitizens from the voter rolls. Alabama Secretary of State Wes Allen, who announced in August that 3,251 registered voters had been issued noncitizen identification numbers by the Department of Homeland Security (DHS), noted the federal government repeatedly denied requests for a list of noncitizens residing in the state.

When the state decided to tackle the issue itself, it was promptly hit with a lawsuit. Removing voters from the state registration list within 90 days of an election violates federal law, the DOJ argued.

Other election litigation include the DOJ’s lawsuits against Arizona in July 2022 over a proof of citizenship voting law and Georgia in June 2021 over an election integrity law.

The Supreme Court allowed Arizona to partially enforce its law in August after the Republican National Committee (RNC) intervened in a separate lawsuit brought by a left-wing activist groups. While the high court rejected a ban on casting ballots for president without proof of citizenship, the majority allowed Arizona to reject state voter registration forms that lack it.

In Georgia, Secretary of State Brad Raffensperger suggested the DOJ may have coordinated with activists on the case, requesting documents related to the Department’s decision.

“Given that it is a felony under federal law for an alien to register or vote, DOJ should be applauding the states trying to do something about this problem and helping the states defend lawsuits filed against them instead of suing the states,” von Spakovsky told the DCNF, noting the same is true in the immigration space. “The federal government needs the assistance and help of state governments and state law enforcement to enforce our immigration laws and stop the unlawful flood of illegal aliens coming into the country.”

The Biden DOJ has also taken aggressive action against states attempting to crack down on illegal immigration.

It sued Texas in January over a state law that empowers local authorities to arrest migrants who enter illegally, followed by suing Iowa and Oklahoma in May over similar laws.

In 2012, the Supreme Court held that an Arizona law making it a crime to be in the state without authorization was preempted by federal law.

“There was very little chance of Oklahoma or Texas being successful without overturning Arizona v. US, and maybe that is their objective, but it is hardly improper for the federal government to enforce what the Supreme Court has said are unconstitutional laws infringing on the power of the federal government (however much I disagree with the opinion in Arizona v. United States),” Competitive Enterprise Institute attorney Devin Watkins told the DCNF. “The Supreme Court refused to block the Texas statute on an emergency basis, suggesting that it is at least possible that the Supreme Court may overturn Arizona v. US on appeal.”

Idaho Attorney General Raúl Labrador accused the Biden administration of ignoring states’ rights when the DOJ brought a lawsuit challenging Idaho’s abortion ban to the Supreme Court.

The administration sued shortly after the Supreme Court overturned Roe v. Wade in 2022, alleging Idaho’s Defense of Life Act prevents doctors from performing abortions in emergency circumstances as they claim is required under federal law. The Supreme Court reinstated limits on the law in June, sending the case back to the lower court without deciding whether the statute conflicted with federal law.

Currently, the DOJ is fighting Tennessee’s ban on child sex change procedures for minors at the Supreme Court.

South Texas College of Law Houston professor Josh Blackman told the DCNF it looks like the Biden DOJ is “trying to initiate as many lawsuits as possible before the election.”

“If Trump wins, it will be hard for [the] DOJ to terminate pending cases,” Blackman said. “It is also possible private groups can move to intervene to keep the cases alive.”

Watkins disagreed that the Biden administration has pursued more litigation than usual, noting lawsuits over voting issues are “actually quite common due to the federal election issues at stake.”

“Overall, I don’t believe that the federal government appears to be filing lawsuits against states any more often during this administration than in previous administrations,” he said. “Some of this litigation could infringe on states’ rights if successful, and in many cases, the federal government should lose, but this litigation isn’t unusual.”

During the Trump administration, the government sued California for a cap and trade agreement with Quebec. It also sued California, New Jersey and King County, Washington, over sanctuary city policies.

“The Trump administration did other things to put pressure on states to change their laws, like the DHS’s suspension of NY’s access to the Global Entry program, or threatening federal payments to local jurisdictions,” Watkins added.

The DOJ did not respond to a request for comment.

Featured Image: Screen Capture/CSPAN

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With Supply Chain Challenges Coming, Survival Beef Company Enacts “Emergency” Special

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The port strike is over but the damage has been done. The supply chain in the United States is more fragile than it’s been in decades.

Rampant inflation combined with limited access to supplies that were once abundant have prompted many Americans to accumulate resources such as food, batteries, and meds. Then, there’s the election around the corner. Before, during, and after the November 5, mass turmoil is expected to further decimate the supply chain.

As FBI whistleblower Marcus Allen testified before Congress, “Make sure you have 3-4 months of food.”

Prepper All-Naturals understands the needs of the American people. Despite rising beef costs, they have enacted their “emergency” special — 35% off with promo code “stockup35” — on all of their long-term storage steaks, including Ribeye, NY Strip, and Tenderloin.

Moreover, they have allowed free shipping on all orders in the contagious United States in anticipation of freight price hikes should the longshoremen strike be prolonged.

“There’s a fine line between fearmongering and ringing the alarm bell,” said co-founder JD Rucker. “In this case I believe there are legitimate reasons to be concerned and to stock up on survival beef as soon as possible.”

Prepper All-Naturals’ beef is all-American, grass fed, and has a 25-year shelf life. Since it is freeze dried instead of dehydrated, it retains its flavor and nutrition far better than other preservation methods. Best of all, it has just one ingredient: beef. They don’t even add salt so it fits with as many Americans’ diets as possible.

Unfortunately, price hikes will be forced on the company in the near future. But today, customers can enjoy these tremendous savings for a limited time. Go to Prepper All-Naturals today and use promo code “stockup35” for 35% off.

Former CIA and Pentagon Advisor Warns… “The Intel Inside this Book Could Trigger a 50% Stock Market Crash and Dollar Collapse this November”

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See the book below?

99.99% of Americans don’t even know it exists.

It’s published by the Senate Committee on Homeland Security and Governmental Affairs.

According to Former CIA and Pentagon Advisor Jim Rickards, the intel inside this book will play a key role in a coming market meltdown in November.

And every American should pay attention because Jim is a lawyer and economist who’s worked at the highest levels of Wall Street and international finance across five decades.

And he correctly predicted the last two major financial crises in America.

In the summer of 2008, he wrote a letter to top advisors in the presidential campaign saying:

“We can expect another panic spike in October 2008. This financial crisis is not over.”

Three weeks later, Lehman Brothers went bankrupt…

Panic took over and markets crashed across the world, ruining the retirement of millions of Americans.

Fast forward to January 2020.

When most people were not worried about a pandemic, he sent an email to a small group of his readers…

Predicting the pandemic could soon trigger panic in the markets.

Sure enough, three weeks later, everyone began to panic…

And the stock market plunged 30% in what was the fastest crash in history.

Jim Rickards now believes a terrifying new crisis will hit America this coming November.

He’s predicting millions of Americans could be blindsided and suffer catastrophic losses.

And it’s all thanks to the information inside this little-known book you see below.

Jim just posted a new video on his website with all the details, including the 5 steps every American should take right now.