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China, India Reach Agreement To Resolve Border Dispute – BRICS Summit Approaches

China and India have reached an agreement to de-escalate tensions at their disputed border region and end a four-year military standoff.

According to BBC, the disputed Himalayan border has witnessed violent clashes in recent years.

However, the two Asian nations seek to normalize relations as the BRICS Summit in Russia approaches this week.

Per BBC:

Vikram Misri said on Monday the two sides have agreed on “disengagement and resolution of issues in these [border] areas that had arisen in 2020”.

He was referring to the Galwan Valley clashes – the first fatal confrontation between the two sides since 1975, in which both sides suffered casualties.

Relations between the neighbours have been strained since then.

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“An agreement has been arrived at on patrolling arrangements along the Line of Actual Control (LAC) in the India-China border areas, leading to disengagement and a resolution of the issues that had arisen in these areas in 2020,” Mr Misri said.

Mr Misri, however, did not give any details about the disengagement process and whether it would cover all points of conflict along the disputed border.

The Indian foreign secretary’s statement comes just a day before Indian Prime Minister Narendra Modi travels to Russia for a meeting of Brics nations which includes Brazil, Russia, India, China and South Africa.

Mr Misri didn’t confirm if a bilateral meeting between Mr Modi and Chinese President Xi Jinping was on the agenda.

The BRICS Summit will take place in Kazan, Russia, from October 22 to 24.

The event will include the five namesake countries (Brazil, Russia, India, China, and South Africa) and the first meeting for new members: Egypt, Ethiopia, Iran, and the United Arab Emirates.

From The New York Times:

BRICS now includes countries representing almost half the world’s population and more than 35 percent of global economic output, adjusted by purchasing power.

The conference is intended to present a hefty showcase of economic might but also entice new countries into a coalition Russia hopes to build that would form a new world order not dominated by the West.

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“This summit is about Putin punching back,” said Alexander Gabuev, director of the Carnegie Russia Eurasia Center in Berlin. Mr. Putin presents his country’s war in Ukraine as “the spearhead of destroying the old world order and helping to build a new one,” Mr. Gabuev said.

“And BRICs is the most potent and representative structure of this new world order,” he added.

That was a message Mr. Putin emphasized at a meeting of officials and businessmen last week in Moscow ahead of the summit.

WATCH:

Reuters reports:

Relations between the world’s two most populous nations – both nuclear powers – have been strained since clashes between their troops on the largely undemarcated frontier in the western Himalayas left 20 Indian and four Chinese soldiers dead in 2020.

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The two sides had since stopped patrolling several points along the border in the Ladakh region to avoid new confrontations, while moving tens of thousands of new troops and military equipment closer to the freezing highlands.

“We reached an agreement on patrolling, and with that we have gone back to where the situation was in 2020 and we can say … the disengagement process with China has been completed,” Indian Foreign Minister Subrahmanyam Jaishankar said at a NDTV media conclave.

The “understanding was reached only today,” he said, adding: “We always said that if you disturb the peace and tranquillity how can the rest of the relationship go forward?”

To avoid clashes, the two militaries will patrol contested points along the border according to an agreed schedule, a senior Indian military officer aware of the details told Reuters.

RELATED REPORT:

Here’s Why The Central Banks Are Suddenly Buying Up All The Gold…

Here’s Why The Central Banks Are Suddenly Buying Up All The Gold…

Over the past year or so, I’ve been reporting on the fact that after years of SELLING Gold, Central Banks from all over the world, all of the top countries, are suddenly buying Gold hand over fist…

As much as they can get their hands on!

Only two questions remain: (1) why are they doing it, and (2) what will YOU do about it?

Let’s answer the first one first, and then down below I’ll tell you what I’m doing in light of this news.

Spoiler alert: never listen to what they tell you to do, watch and copy what they’re doing!

I’ll tell you the best way to do that down below, but first we have to answer the first question….because it will connect all the dots for you.

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I have two things I need to show you to answer that.

The first is this excellent clip from ITM Trading:

Backup video here if needed:

As great as that clip is, I think it only tells HALF the story….

I think the other half, the BIG half, is what happens next.

Check this out:

REPORT: Central Banks Preparing To “Revalue Gold” Price

REPORT: Central Banks Preparing To “Revalue Gold” Price

Evidence is mounting that Central Banks are preparing to revalue the price of Gold.

Sound crazy?

It’s not, and it just shows you don’t know your history, because it’s happened before and evidence is building that it’s about to happen again.

I’ll give you a very detailed analysis of how and why that might happen in just a minute, but first I simply want you to listen to this:

Full screen video player here:

Note that this video was originally posted in January of 2024, so we have the benefit of looking back with a little bit of hindsight and guess what?  Everything he’s said has played out EXACTLY like he predicted in 2024.

The only piece that hasn’t get happened is the revaluation of gold, but I believe that’s coming soon.

In fact, here are the exact specs for how it would happen, direct from the Federal Reserve’s own papers:

Next I thought it might be fun to ask ChatGPT if revaluing the price of gold is possible and if so how it would work?  I also asked for it to rate the likelihood of a gold revaluation happening.  SPOILER ALERT: likelihood = “Moderate to Highly Likely”!

Take a look for yourself:

How Central Banks Might Revalue the Price of Gold

  1. Gold Revaluation Mechanism: Central banks have the power to revalue gold because they hold significant reserves and can directly impact its price through coordinated policies. Here’s how it might work:
    • Coordinated Buying or Selling: Central banks can collaborate to purchase or sell gold in the open market. By significantly increasing demand through coordinated buying, they could drive up the price. Conversely, selling gold could decrease its price, although central banks are more likely to use buying as a tool to increase gold’s value.
    • Setting a Fixed Price: Central banks could announce a new fixed price for gold, signaling their intention to buy or sell gold at that price to maintain it. This method was used during the Bretton Woods system, where the U.S. dollar was pegged to gold at $35 per ounce, and other currencies were pegged to the dollar.
    • Adjusting Reserve Requirements: Central banks could require higher reserves of gold relative to other assets, forcing banks and financial institutions to hold more gold. This would naturally increase demand and push the price upward.
    • Creating a Gold-Backed Digital Currency: Central banks might introduce a digital currency partially backed by gold. The announcement or launch of such a currency would increase demand for gold as a reserve asset, driving up its value.
  2. Reasons for Revaluation: Central banks might consider revaluing gold for several reasons:
    • Stabilizing Currencies: In times of fiat currency instability, revaluing gold could help anchor the value of currencies by increasing confidence in gold-backed reserves.
    • Combatting Inflation: Revaluing gold could act as a tool against inflation by providing a hard asset alternative, reducing the money supply’s velocity, and curbing inflationary pressures.
    • Geopolitical Shifts: In a scenario where the U.S. dollar’s dominance is challenged, countries might seek to revalue gold as a neutral reserve asset to reduce dependency on the dollar.

Likelihood of Central Banks Revaluing Gold

First Principles Analysis: To determine the likelihood of central banks working together to revalue gold, let’s break down the problem using first principles:

  1. Observation 1: Current Gold Holdings and Trends:
    • Many central banks, especially in emerging markets (e.g., China, Russia, India), have been increasing their gold reserves over the past decade. They are diversifying away from U.S. dollar-denominated assets due to geopolitical tensions and concerns about the dollar’s long-term stability.
    • According to the World Gold Council, central banks purchased a significant amount of gold in 2022 and 2023, highlighting a trend toward greater gold accumulation.
  2. Observation 2: Potential Motivations for Revaluation:
    • Currency Stability and Inflation Control: With inflation concerns persisting globally, central banks might look for ways to strengthen their currencies. Revaluing gold could serve as a hedge against inflation.
    • Geopolitical Realignments: Rising geopolitical tensions, such as the U.S.-China trade war and Russia’s exclusion from the Western financial system, suggest a search for alternatives to the U.S. dollar. Gold, being a neutral asset, could be a strategic choice.
  3. Observation 3: Current Economic Conditions and Constraints:
    • The global economic environment shows significant volatility, with rising inflation, concerns about debt sustainability, and shifts in global power structures.
    • Fiat Currency Defensiveness: Central banks of major economies (e.g., the Federal Reserve, European Central Bank) might resist actions that could undermine confidence in fiat currencies. A move to revalue gold significantly might indicate a loss of control over fiat systems, something major powers would be reluctant to signal.
  4. Challenges to Coordinated Revaluation:
    • Coordination Complexity: Coordinating among the world’s major central banks (such as the Federal Reserve, ECB, PBOC, and Bank of Russia) would be highly complex, considering divergent economic interests and geopolitical dynamics.
    • Market Reaction and Trust Issues: Sudden revaluation could lead to significant market volatility, impacting bonds, equities, and currencies, potentially causing unintended consequences that might hurt the economies involved.
    • Gold Market Dynamics: The global gold market is influenced by more than just central banks—mining output, jewelry demand, and private investment also play substantial roles. Central banks do not control the entire market, making coordinated action less effective.

Real-World Evidence and Indicators

  • Gold Accumulation by Central Banks: As mentioned, there has been a noticeable increase in gold reserves by countries like China, Russia, India, and Turkey. These countries are keen on reducing reliance on the U.S. dollar, which is a strong signal toward preferring a gold standard or using gold as a hedge.
  • Digital Currencies and Gold-Backed Tokens: There has been interest from countries like Russia and China in exploring digital currencies, potentially backed by gold. This would serve as a hedge against sanctions and currency devaluation, indirectly affecting gold’s value.
  • Current Geopolitical Instability: The rising U.S.-China tensions, sanctions against Russia, and the de-dollarization trend could accelerate the need for a more neutral reserve asset like gold. However, outright revaluation requires a more coordinated effort, which seems challenging given the fractured geopolitical environment.

Conclusion: Likelihood Assessment

Based on first principles thinking and real-world evidence:

  • Short-term Likelihood: Low. While there is a strong case for revaluing gold, especially among countries looking to diversify from the U.S. dollar, the likelihood of a coordinated effort among major central banks remains low. The complexity of coordination, resistance from major fiat currency holders, and the potential for destabilizing markets make it an unlikely near-term scenario.
  • Medium to Long-term Likelihood: Moderate to High. If current trends of de-dollarization continue, geopolitical tensions rise, or inflation remains persistently high, the incentive for central banks to explore a partial or full gold revaluation could increase. This scenario would require new financial crises or significant geopolitical shifts to become a reality.

In essence, while the groundwork for a potential revaluation is being laid in a fragmented way by some central banks, the prospect of a unified, coordinated revaluation is remote in the current global context. However, watch for changes in global economic stability, inflationary trends, and geopolitical dynamics as key indicators of a shift toward gold revaluation in the future.

Of course, none of this surprises me….

I’ve been telling you about Gold for a while now, and our analysis so far has been spot on!

Especially this report:

Central Banks On A Gold Buying Spree — What Do They Know That You Don’t?

What do the Central Bankers know that you don’t?

A lot.

Oh, I don’t mean they’re any smarter than you, but what’s the best way to predict the future?  To plan it out and control it!

And make no mistake, these are the shadowy people pulling the strings of world affairs behind the scenes….and they rarely lose.

So I always say don’t listen to what they say (because they always “talk their book” and lie to your face) but watch what they do!

And I think I know EXACTLY what they’re thinking….

In fact, I just published this story and I think this story now explains why the Central Bankers are all stockpiling and hoarding gold:

BREAKING: The “BRICS” Just Doubled Overnight

The beautiful thing is we live in a time where it’s hard to hide real data, especially when you have people like us researching it and posting it for all to see.

And what is it that they’re doing?

Simply put — they’re on a GOLD buying spree!  Yes indeed!

It’s all been right there in front of us for everyone to see…

BRICS expanding, new BRICS currency to be Gold-Backed or Priced in Gold?

I could be wrong, but I’m thinking so.

In other words:  GOT GOLD?

Take a look at this:

42 tons in October alone, that is staggering!

For the second year in a row, these are the HIGHEST purchases by Central Banks since 2010:

Here’s more from Peter Schiff:

Central banks gobbled up gold over the summer and the buying spree has continued into the fall.

Globally, central banks added another net 42 tons of gold to their reserves in October.

China continues to be the biggest gold purchaser. The People’s Bank of China added another 23 tons of gold to its hoard in October as it expanded its official reserves for the 12th straight month.

Since the beginning of the year, the People’s Bank of China increased its reserves by 204 tons, and it has added 255 tons since it resumed official purchases in November 2022. As of the end of October, China officially held 2,215 tons of gold, making up 4% of its total reserves.

Most people believe the Chinese hold even more gold than that off the books.

There has always been speculation that China holds far more gold than it officially reveals. As Jim Rickards pointed out on Mises Daily back in 2015, many people speculate that China keeps several thousand tons of gold “off the books” in a separate entity called the State Administration for Foreign Exchange (SAFE).

Last year, there were large unreported increases in central bank gold holdings.  Central banks that often fail to report purchases include China and Russia. Many analysts believe China is the mystery buyer stockpiling gold to minimize exposure to the dollar.

The Central Bank of Turkey also made another big gold buy in October, expanding its holdings by 19 tons. Even with big purchases over the last several months, Turkey is still a net seller on the year.

The Turkish central bank sold 160 tons of gold last spring but returned to buying in the third quarter. According to the World Gold Council, the big gold sale earlier this year was a specific response to local market dynamics and didn’t likely reflect a change in the Turkish central bank’s long-term gold strategy. It sold gold into the local market to satisfy demand after the government imposed import quotas in an attempt to improve its current account balance. The country is running a significant trade deficit.

Although the Turkish government reinstated gold import quotas in early August, so far we haven’t seen a repeat of sales into the local market to meet elevated demand.

The National Bank of Poland also continued its recent gold-buying spree, expanding its reserves by another 6 tons. Its gold holdings have now risen by over 100 tons this year.

In 2021, Bank of Poland President Adam Glapiński announced a plan to expand the country’s gold reserves by 100 tons. Now that it’s reached that gold, Glapiński indicated it will continue to add gold to its holdings.

This makes Poland a more credible country, we have a better standing in all ratings, we are a very serious partner and we will continue to buy gold. The dream is to reach 20 percent.”

When he announced the plan to expand its gold reserves, Glapiński said holding gold was a matter of financial security and stability.

Gold will retain its value even when someone cuts off the power to the global financial system, destroying traditional assets based on electronic accounting records. Of course, we do not assume that this will happen. But as the saying goes – forewarned is always insured. And the central bank is required to be prepared for even the most unfavorable circumstances. That is why we see a special place for gold in our foreign exchange management process.”

Other significant gold buyers in October included:

  • India — 3 tons
  • The Czech Republic — 2 tons
  • The Kyrgyz Republic — 1 ton
  • Qatar — 1 ton

So….what can YOU do about it?

I’ve been telling you for a while now, and perhaps this is the “sign” you need to finally take action!

First, you need to watch what the big boys are doing and understand it’s smart to ride their coattails.

I think we accomplished that above.

Second, here’s my preferred solution for owning gold.

Why preferred?

A couple reasons….

I’m not a CPA or tax advisor or even an investment advisor of any kind, but the folks I’m about to tell you about are experts at this.

They’re patriots…

They’ll give you personalized, one-on-one attention by phone….

And they’ll show you how you can do this with NO MONEY OUT OF POCKET — all in a retirement account and usually tax free!

How’s that for a win-win-win?

So what can you do?

THIS!  👇

Here’s Why Central Banks Are Buying All the Gold They Can — And What YOU Can Do!

For the last two years, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you’ve been waiting for me to bring you a solution about what YOU can do to protect yourself and you’re family, I’m happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…

A faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer “virtual” or “paper” gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com  or call 866-292-0443 today.

Don’t wait too long, we might have more bank failures right around the corner.

You know what has NEVER “failed”?

Gold.  Precious metals.  Indestructible.

There’s a reason they call it “God’s money”.

Watch this for more:

Or….I guess you could buy Gold at Costco?

If you can find any?

Oh, and you’ll pay a huge markup and you’ll be limited to two bars.

A “Gold Rush” Hits Costco With Demand For Gold Bars – Here’s One Way To Own Gold if Your Money Is In a Retirement Account

The demand for physical precious metals has been rising since before the pandemic.  Central banks have been buying ton after ton for two years. Even some U.S. states — like Tennessee — are filling their coffers with physical precious metals.

Now, Costco is offering gold bars to their members — and some observers are saying there is a “gold rush” on Costco’s gold:

Mike Cernovich reported: “People buying them but bars sold out fast. One disappointed customer had paid but the membership pick-up said it was out.”

Others had no idea Costco sold gold:

Buying gold at Costco is great for those who have extra cash on hand — but what about those of us with money tied up in retirement accounts?

Can we rollover or transfer retirement accounts into physical precious metals and keep it tax-deferred?

Genesis Gold Group says “Yes!”

Genesis Gold Group specializes in self-directed IRAs backed by gold and silver. As a Christian company, they believe this is an appropriate form of financial stewardship that puts Americans’ money on the fiscal high ground.

This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.

Click here to reach out today through genesiswlt.com.

Genesis Gold Group was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:

“Genesis Gold Group has been very helpful to me as a first time customer. They were very patient with me and answered every question I had. The process of moving my funds from my former account to Genesis Gold Group was straightforward and easy. I highly recommend their services.” — Brian B.

“Recently, I had two experiences with Genesis Gold Group and both were very easy transactions. My agent was very knowledgeable and informative about the products that I was interested in. I suggest that for anyone looking to move their retirement into tangible materials, Genesis Gold Group is the company to choose.” — Joyce R.

“Genesis Gold Group is a wonderful company to do business with. The staff are knowledgeable, courteous, and patient. They know I’ve had many questions before, during, and even after opening my Self-Directed IRA and everyone has been very kind and open. Start your Gold IRA with Genesis Gold Group without reservation!” — Gerald C.

To work with Genesis Gold Group to own precious metals via your retirement accounts, click here to reach out today.

Oh, and did you know SUPERMAN loves them too?

Yup!

Here is what conservative star Dean Cain (Superman) says about working with Genesis Gold Group:

When Genesis Gold Group was first built, co-founder Jonathan Rose knew two things were necessary in order to thrive in the extremely competitive precious metals industry. First, he knew they wouldn’t repeat the same deceptive marketing tactics “Big Gold” companies use to entice customers. Second, he knew they needed spiritual guidance if they were going to succeed in reaching Americans who want their life’s savings protected from the tumultuous markets.

“If we are going to live up to our namesake, we have to be truly driven by Biblical principles… not only as individuals but as a company,” Rose said.

Millions of Americans have grown increasingly concerned about the trajectory of our nation. It made sense for Genesis Gold Group to launch by combining over 50-years of experience in gold and silver with proper guidance from faith leaders. This is why Director of Philanthropy David Holland, was one of the first people they hired.

“As a minister of the Gospel of Jesus Christ, I firmly believe good stewardship of a believer’s resources is important and a foundation for a close walk with Him,” Holland said. “It is not difficult to see, based on the lack of biblical values in both our government and financial system, that we are swiftly heading into unstable times.”

The challenges aren’t just coming from the economy or government. The precious metals industry itself is rife with “Big Gold” companies who are willing to use sketchy marketing tactics and over-the-top sales pressure to get Americans into overpriced products.

Self-directed IRAs backed by physical precious metals are becoming more popular for mature Americans who are concerned about inflation, unsustainable debt, the ongoing banking crisis, and “woke” ESG funds filling their retirement portfolios.

Click here to reach out to Genesis Gold Group today.

The challenge, as Rose noted, is that the vast majority of self-directed IRA products being pushed by “Big Gold” are not built with the customers’ best interests in mind.

“The process appears to be the same from one gold company to another but there’s a huge gap between how secular gold companies do business versus how we do it,” Rose said. “We guide our clients to back their retirement accounts with metals that are priced right and have the greatest opportunity for growth. Most gold companies look only at their own margins when filling their customers’ depositories.”

==>Click here to contact Genesis Gold Group today and receive a free Definitive Gold Guide and learn more about protecting your life’s savings from the various threats we’re facing today.

(Note: Thank you for supporting American businesses like the one presenting a sponsored message in this article and working with them through the links in this article which benefit WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold!  The information provided by WLTReport or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.) 

This is a Guest Post from our friends over at 100 Percent Fed Up.

View the original article here.


 

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