Got word this morning that the World Gold Council announced that Singapore's central bank has added another 6.8 tonnes to their reserves. In a previous article, I noted that Singapore added some 45 tonnes in January. Singapore has added over 51 tonnes of gold to its reserves so far this year. Looks like they did so in the nick of time.

Gold is absolutely on fire this morning, as well as silver. Gold has added $40 to its spot price in a matter of hours while silver too is rocketing higher at $24.77, almost a full $1 jump overnight. Apparently, the cause is a weak jobs report along with not so good manufacturing data in the USA.

Australia's central bank is also in the news this morning, joining the Bank of Canada in hitting the pause button on rate hikes, leaving the rate unchanged at 3.6%. This is their first 'about face' since they began raising rates in May of last year. On March 17, I posted that gold hit a record high against the Aussie dollar to $2,922. Is it safe to assume a new record high is to take place today? Fortunately for Australia, it is one of the three biggest gold producing countries in the world. 

Big news this weekend was OPEC+ sudden announcement of an oil production cut amounting to 1.16 million barrels per day so if you were wondering why gasoline prices spiked in the last few days, now you know why. This, to me suggests they expect the world economy to slow down. With all the layoffs happening, it's hard not to disagree. Eventually though, as the layoffs pile up, there will be less commuting, meaning less gas consumption which should lead to lower gas prices in the future.

The big news today is the Trump indictment. Apparently, Trump is on his way to New York. Of course, this sets a precedent. If Trump can be arrested, so can all the other living former Presidents. Even Elon Musk tweeted last week that if Trump is indeed indicted, he will win the 2024 election by a landslide. I wonder how the Clintons, Obamas, Bush and Cheney feel about him getting back into the White House, now that any former President can be arrested.

Things are getting hotter by the minute and precious metals are leading the way. Consider diversifying your wealth by investing in silver and /or gold. Silver in particular is moving fast and appears set to blow past $25. Get your silver now before it goes to $50 and beyond! See links below.

Peace and love to everyone.

P.S. Need silver? I have made 7 collectible Canadian Mint Reverse Proof Privy 'Gramophone' Silver Maple 2019 pure silver one ounce coins available for sale with low, low ship costs on my Ebay channel. Show your support by buying a coin. Send me a quick note letting me know you saw this post on PublishOx (or Substack) and get 20% off already low ship fee of just $5 within Canada and just $6 to USA. Once they're gone, they're gone. Click the image below to view the listing.  I have other silver bars and coins listed so be sure to browse my other listings as well and add me as a favorite. Thank you for your support!

Royal Canadian Mint 2019 'Gramophone' Reverse Proof Privy Silver Maple Coin

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