Iraq maintains its rank in the world of gold possession

[southbeach]

....please

[luvalife]

1 hour ago, ladyGrace'sDaddy said:

Did somebody say GOLD 

I wonder how much Silver they have. 

And why is it that people don't understand why every Central Bank on earth is buying up Gold like it's going out of style? 

The Dinar will Revalue when the world goes back on the Gold standard. Not a second before. 

 

The question you all should be asking yourself is, how much Silver and Gold do I need to survive the chaos that will certainly ensue with the changeover from Fiat to the Gold standard. 

I think that, yes, gold is something that they need to add to their reserves. But you must have forgotten that Iraq is riddled with that pesky precious metal. They can get that on their day off...LOL!!!  I don't think it will be catalyst for the RV to happen. I also don't think that the Gold Standard will come into effect while the muppet is at the US Podium.  With Iraq  at the tipping point and the amount of ridiculous can kicking that they are doing leads me to believe "change" is very close.  The Iraqi's are horrible liars and their stories (cans kicked) are more "far fetched" than ever, and are not making any sense at all!!!.  Here is a word you are accustom to...SUDDENLY!!!  I don't think that can continue much longer without a "big change".  it's a comin' JMHO!

[Ziggy]

4 hours ago, ladyGrace'sDaddy said:

Did somebody say GOLD 

I wonder how much Silver they have. 

And why is it that people don't understand why every Central Bank on earth is buying up Gold like it's going out of style? 

The Dinar will Revalue when the world goes back on the Gold standard. Not a second before. 

 

The question you all should be asking yourself is, how much Silver and Gold do I need to survive the chaos that will certainly ensue with the changeover from Fiat to the Gold standard. 

LGD - made me do a little jig with that post 👊

 

Keep the bigger picture in mind and you’ll do just fine. 

 

[yota691]

Global demand for gold fell 23 percent during the first quarter

On an annual basis, to 815.8 tons

29.04.2021

 

 

    

Istanbul

Ahmed Hatem / Anatolia

The World Gold Council data showed, on Thursday, that the demand for gold during the first quarter of 2021 decreased by 23 percent on an annual basis, amid a decrease in the appetite of investors to own gold as economic conditions improved after the discovery of Corona vaccines.

In its quarterly report, the Council said that outflows of ETFs led the decline in demand, but the improvement in individual consumer demand provided some support.

Global gold-traded fund holdings fell by 177.9 tons during the first quarter of 2021, under pressure from the rise in US interest rates and the improvement in the performance of the dollar.

According to the report, the dollar-denominated price of gold decreased by 10 percent at the end of last March.

The report monitored the growth in demand for gold bars and coins for the third consecutive quarter, and investment in these products reached 339.5 tons, which is the highest quarter since the last quarter of 2016.

The report stated that the demand for jewelry achieved a strong recovery compared to the first quarter of 2020, which suffered from closure.

Gold reserves at global central banks grew by 95.5 tons during the first quarter, to continue strengthening their reserves to hedge against economic fluctuations.

The total supply of gold decreased by 4 percent year-on-year in the first quarter, under pressure from the decline in recycling affected by weak prices, according to the report.

Gold witnessed a great demand during the past year as a safe haven in times of crises and a stock of value, amid the escalating economic repercussions associated with the outbreak of the epidemic, but the demand for the yellow metal has been negatively affected since last November due to the discovery of effective vaccines.

[3 bucks new rv rate]

9 hours ago, Ziggy said:

 

d#$n. it has been a long time, i miss watching " the fresh prince of bell air ". what were you happy about carlton bank? you got a date with a jazz's cousin who is so bossy.,  are you dancing a lambada? that is forbidden dance. are you doing a happy dance because you graduated with 4.0 GPA? oppss, did someone else see you while you were dancing? look, behind you, it's will, your cousin.

[yota691]

 

More than 96 tons of Iraq's gold reserves

 

•  

 2021-05-09 02:14

 

Shafaq News / The World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold as reserves of the precious yellow metal.

In its latest schedule for the month of May 2021, seen by Shafaq News Agency, the council said, "Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya."

He added, "Iraq's possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves."

He added, "The United States of America still ranks first in the largest gold reserves in the world with 8,133 thousand tons, followed by Germany with 3,362 thousand tons, while Suriname comes to the top with 1.5 tons, followed by Yemen with 1.6 tons."

He pointed out that "the most prominent buyers of gold during this month are Japan, by 80.8 tons, and Hankaria, by 63 tons, and Uzbekistan, 8 tons, while the most prominent sellers were Turkey, by 2.6 tons."

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

[yota691]

More than 96 tons of Iraq's gold reserves

May 9, 2021 | 10:09 am   -   Readings: 45 views

 

http://www.al-mawqif.com/wp-content/uploads/2021/05/1-153.jpg

The Iraqi position network
 

 

The World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold in reserves of the precious yellow metal.

In its latest schedule for the month of May 2021, the council said, "Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya."

He added that "Iraq's possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves."

He added, "The United States of America still ranks first in the largest gold reserves in the world, at 8,133 thousand tons, followed by Germany, at 3,362 thousand tons, while Suriname comes to the top with 1.5 tons, followed by Yemen with 1.6 tons."

He pointed out that "the most prominent buyers of gold during this month are Japan, by 80.8 tons, and Hankaria, by 63 tons, and Uzbekistan, 8 tons, while the most prominent sellers were Turkey, by 2.6 tons."

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

[yota691]

Iraq maintains its fifth position in the Arab world and the 38th in the world in terms of gold reserves

Thursday 20 May 2021 104

 

 Baghdad: Farah Al-Khafaf

At a time when the Central Bank of Iraq seeks to enhance its global share of gold, Iraq has maintained its fifth position in the Arab world and 38 in the world in yellow metal reserves, according to the latest statistics of the World Gold Council, with a reserve of 96.4 tons (8.1 percent of other hard currency reserves). In this regard, banking expert Abdul-Hussein Al-Mandhari told Al-Sabah: “After the hypothetical meeting that was held recently between the governor of the Central Bank and the management of the World Gold Council, the need to enhance Iraq's possession of its gold reserves,” indicating that the goal of this step is “to ensure stability The exchange rates of the Iraqi dinar after its depreciation against the US dollar as a result of a change in the exchange rate.

Al-Mandhari added that "the fluctuation of the prices of the dollar and oil globally in recent months. He called on the Gold Council to offer to sell Iraq an additional amount to strengthen the strength of its dinar, because most of the dinar reserves are in dollars, and most of them are invested in US Treasury transfers, and the value of the dollar has recently decreased," pointing out that " Gold has the advantage of being quick to liquefy global currencies in the event that there is a desire to sell it to meet any deficit in financing, as well as the absence of any risk if some dollar amounts are converted into gold.

The former director of the Nahrain Islamic Bank pointed out that "Iraq is currently ranked fifth in the Arab world, after Saudi Arabia, Lebanon, Algeria and Libya, in gold reserves."

The World Gold Council had expressed its willingness to provide support in case it wished to increase the gold quota for Iraq.

According to a central bank statement, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a meeting with the World Gold Council at their request,” indicating that “the meeting dealt with a number of issues, most notably the technical support and training files, in addition to discussing the increase in the foreign reserves of the Central Bank. These have been achieved after the implementation of recent reforms in the work of the bank and the banking sector. "The World Gold Council has also provided full support to the Central Bank of Iraq if it wishes to increase the share of gold for Iraq.

Gold prices rose during the past 48 hours to their highest level in more than three months, as the appeal of the precious metal was enhanced by wary investors with the decline in US Treasury bond yields and the decline in stock prices due to inflation concerns.

Gold rose in spot transactions 1.3 percent to $ 1866.50 an ounce, its highest level since the first of last February.

And US gold futures rose 1.6 percent to settle at $ 1867.60 an ounce.

"There is an escape to safety from the stock market ... the expectations are that we will continue to see a much stronger trend for inflation numbers from now on," said Jeffrey Sica, founder of Circle Square International Investments.

He added, "Treasury yields will remain stagnant, and that will further increase the likelihood that investors will choose gold." 

Stock markets rally stalled as demand for riskier assets was hit by inflation pressures. Data last week showed that US producer prices rose more than expected in April.

The yield on the US benchmark 10-year Treasury bonds decreased, which reduces the opportunity cost of holding gold that does not yield a return.

Investors are now awaiting the minutes of the most recent meeting of the Federal Reserve to be released today for more clues on the US central bank's monetary policy, and any comments on inflation. Gold is seen as a hedge against inflation.

[gregp]

On 12/6/2020 at 7:14 AM, yota691 said:

 

Iraq is the fifth in the Arab world with gold reserves and the 38th in the world

 

•  

 2020-12-06 08:01

 

Shafaq News / The World Gold Council announced today, Sunday, that five Arab countries, including Iraq, possess 1,000 tons of gold in reserves with hard currency.

In its latest schedule for the month of December, which was seen by Shafaq News Agency, the council said, "Five countries, including Iraq, possess 996.4 tons of gold as reserves with their hard currency," indicating that "Iraq came fifth out of these countries and ranked 38 globally out of 100 listed countries. By the table. "

He added, "The first of these Arab countries with the most gold came in Saudi Arabia, with an amount of 323.1 tons, followed by Lebanon, with a value of 286.8 tons, and Algeria came in third place in the Arab world with a value of 173.6 tons, and then Libya came fourth with a value of 116.6 tons, and Iraq came fifth with a value of 96.3 tons."

He pointed out that "the United States of America is still ranked first in the table with the most possessing countries in the world with 8,133 tons, followed by Germany second with 3,362 tons, then Italy third with 2,451 tons, and then France came fourth with 2,436 tons, and fifth came Russia with an amount 2.298 tons. "

The council pointed out that "the quantities of gold purchases increased by 25 tons, bringing the countries total holdings of gold to 35,171 tons. Five central banks were almost completely responsible for this purchase, namely Uzbekistan (8 tons), Turkey (7 tons), the United Arab Emirates (6 tons) and Qatar." (2 tons) and India (2 tons). "

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

World Leader.  USA    339 truckloads
ARAB Leader.  Saudi.    14 truckloads 

Iraq.                                 4 truckloads 

[gregp]

22 minutes ago, gregp said:

World Leader.  USA    339 truckloads
ARAB Leader.  Saudi.    14 truckloads 

Iraq.                                 4 truckloads 

Looks like Fort Knox is close to max capacity. 339 truckloads would almost fill it. 

[Theseus]

On 1/18/2021 at 2:17 AM, Artitech said:

If these stories are true,! that Iraq has 996.4 tons of gold, in its possession! Just how long can Iraq go on with the value for their currency being around the 1/4 of a penny? I thought there were some kind of world bank rules to force Iraq from sand bagging the world! How is it legal for Iraq or any country to use American money as their own money? I know it’s done in Mexico a lot just dew to it’s location of being a next door neighbor! I don’t know what goes on in Canada since I’m not near Canada! I used to see Canada quarters every now and then. People wouldn’t take them either! Bottom line why doesn’t the United States Treasury stop Iraq from using our money? Thanks for anyone that might know how and why!  🤠

If Iraq wanted to use spoons for currency, they could. And that is why  using the dollar is legal in Iraq. Currency is just a piece of paper that people recognize collectively it is tradeable. Just like Cryptocurrency. It means nothing unless a group of people get together and claim it is worth something. They could use camel nose hairs for currency or they could use the plumage of rare cockatoos as currency. The Native Americans used beads as currency. Something that people say has value to trade for something equal to or lesser to that value. 

 

BTW I have 6 million camel nose hairs for trade. /s

Edited May 21, 2021 by Theseus

[Rugbylaird19]

5 hours ago, Theseus said:

If Iraq wanted to use spoons for currency, they could. And that is why  using the dollar is legal in Iraq. Currency is just a piece of paper that people recognize collectively it is tradeable. Just like Cryptocurrency. It means nothing unless a group of people get together and claim it is worth something. They could use camel nose hairs for currency or they could use the plumage of rare cockatoos as currency. The Native Americans used beads as currency. Something that people say has value to trade for something equal to or lesser to that value. 

 

BTW I have 6 million camel nose hairs for trade. /s

Considering it's worth more than the Dinar, I would invest in those camel hairs...

[Rochester]

Yep, most people don't know this, Theseus is right. I'm Richie Rich the Camel...that's my name....Richie Rich...them camel nose hairs up me nose, is worth something lol...seriously, the dude is right about value.

 

 

 

[rvmydinar]

2 hours ago, Rugbylaird19 said:

Considering it's worth more than the Dinar, I would invest in those camel hairs...

If it is worth more than the dinar means right now 1 usd= 1450 iqd, then 1 iqd=0.69 usd, then as theseus said he had 6 million camel nose hairs x 0.69 usd/ piece of camel hair= over 4.140.000 usd. Wouw not bad. Theseus made over=4.140.000 usd by selling 6 million camel nose hairs. 

[yota691]

 

Iraq maintains its rank in the world of gold possession

 

•  

 2021-07-04 01:55

 

Shafaq News/ The World Gold Council announced on Sunday that the world's gold reserves have risen, noting that Iraq has maintained its global rank.

The council said in its latest schedule for the month of July of 2021, which was seen by Shafak News Agency, that "Iraq maintained its 38th rank globally out of the 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya," noting that possession of Iraq's gold amounted to 96.4 tons, which represents 9% of the rest of its reserves of other hard currencies.

He added that "central banks around the world increased their reserves of the yellow metal to reach 35,440 thousand tons, an increase of 56 tons from the previous month."

He continued, "Central banks around the world added 75.6 tons of gold to their holdings of the metal, as Thailand made the largest purchase of gold during the month, adding 46.7 tons of gold reserves, representing 82% of the total purchases."

He noted that "Brazil bought 11.9 tons of gold, and Turkey boosted gold reserves by 8.6 tons," noting that Kazakhstan and Poland bought about 5.3 and 1.9 tons of gold, respectively, and India added 0.9 tons to its reserves of the yellow metal. Egypt, Malta and Zambia 0.1 tons of gold.

And he indicated that "the total sales of gold by central banks amounted to about 18.9 tons, which is the highest level," noting that Uzbekistan was the best seller of gold by about 11.5 tons, and Kyrgyzstan sold 4.5 tons of the yellow metal during the same period.

He added, "Germany and Mongolia sold 2 and 0.7 tons of gold, respectively, and the Czech Republic also sold 0.1 tons of the metal."

He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Suriname ranked at the bottom with 1.5 tons, preceded by Yemen with 1.6 tons."

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

[Wiljor]

Good morning Yota, a super Sunday out to you sir 🙏

96.4 tons of gold is not chump change   Iraq is sitting on huge assets that can propel it to the worlds stage and become a major financial power house.  I believe that they are gearing up for such a movement, and, although they are not there yet, they are well on their way. 

 

Hang tight DV, once again their is lots of talk about exchange rate (delete the zeros) Faw Port, battle of corruption, ramping up oil production, oil at 75 usd p/b, timing could be perfect for such an event like an RV. Nobody knows for sure, but things look pretty darn good. 
Happy 4th of July to all my American brothers and sisters,  God bless you all 🙏

["Fred"]

49 minutes ago, Wiljor said:

Good morning Yota, a super Sunday out to you sir 🙏

96.4 tons of gold is not chump change   Iraq is sitting on huge assets that can propel it to the worlds stage and become a major financial power house.  I believe that they are gearing up for such a movement, and, although they are not there yet, they are well on their way. 

 

Hang tight DV, once again their is lots of talk about exchange rate (delete the zeros) Faw Port, battle of corruption, ramping up oil production, oil at 75 usd p/b, timing could be perfect for such an event like an RV. Nobody knows for sure, but things look pretty darn good. 
Happy 4th of July to all my American brothers and sisters,  God bless you all 🙏

Well said,it’s nice to hear someone say something positive about Iraq instead of hearing from the Debbie downers and the doom and gloomers 👍

[3n1]

5 hours ago, Wiljor said:

Happy 4th of July to all my American brothers and sisters,  God bless you all

 

back atcha,  here's a small section from a letter written by John Adams ( 2nd US President ) to his wife Abigail , thankful for the convictions of the early founders of America .....

 

I am apt to believe that it will be celebrated, by succeeding Generations, as the great anniversary Festival. It ought to be commemorated, as the Day of Deliverance by solemn Acts of Devotion to God Almighty. It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more.

 

You will think me transported with Enthusiasm but I am not. -- I am well aware of the Toil and Blood and Treasure, that it will cost Us to maintain this Declaration, and support and defend these States. -- Yet through all the Gloom I can see the Rays of ravishing Light and Glory. I can see that the End is more than worth all the Means. And that Posterity will tryumph in that Days Transaction, even altho We should rue it, which I trust in God We shall not.

 

https://www.masshist.org/digitaladams/archive/doc?id=L17760703jasecond

[nannab]

Thank you Wiljor and 3n1 

It finally stopped raining here in Quincy Ma went to a parade this morning.

Walked up to where Pres John and John Quincy are buried in the Frist Parish Church.

Then went to the Adams  birth place a cute saltbox house then onto the Adams Mansion on

Adams street.   It was great. I don't think that our former Presidents would be to happy

with some of the stuff that is going on now a days.  Happy Fourth everyone!!!!!

8 hours ago, Wiljor said:

Happy 4th of July to all my American brothers and sisters,  God bless you all 🙏

 

2 hours ago, 3n1 said:

 

back atcha,  here's a small section from a letter written by John Adams ( 2nd US President ) to his wife Abigail , thankful for the convictions of the early founders of America .....

 

I am apt to believe that it will be celebrated, by succeeding Generations, as the great anniversary Festival. It ought to be commemorated, as the Day of Deliverance by solemn Acts of Devotion to God Almighty. It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more.

 

You will think me transported with Enthusiasm but I am not. -- I am well aware of the Toil and Blood and Treasure, that it will cost Us to maintain this Declaration, and support system" rel="">support and defend these States. -- Yet through all the Gloom I can see the Rays of ravishing Light and Glory. I can see that the End is more than worth all the Means. And that Posterity will tryumph in that Days Transaction, even altho We should rue it, which I trust in God We shall not.

 

https://www.masshist.org/digitaladams/archive/doc?id=L17760703jasecond

 

[dinarham]

What's up with all the gold ,semi -truck loads ,taken by the US in the "largest bank heist in history?"  Did it not go into the Development Fund of Iraq with the US being trustee of those funds? 

[3n1]

1 hour ago, nannab said:

 Happy Fourth everyone!!!!!

 

not to hijack the thread anymore but that's awesome nanab so much history where u reside .