IT’S HAPPENING! Why African Countries Are Repatriating Their Gold & Foreign Reserve from the US
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- Опубліковано 15 тра 2024
- It is no news that countries have been known to store their gold reserves in foreign countries for a number of reasons. One of the most common reasons is security. Today we're going to discuss something very interesting in this regard. There are things that are happening and because of the current geopolitical events, they are being led to slide by. Nobody takes notice of them, but we are here to say that something big is happening and it is happening beneath the surface. Recently some African countries have decided to make a big move by repatriating their gold and foreign reserves from the United States. Gold repatriation refers to the action taken by a government to bring home their gold or forex, also known as foreign exchange reserve that are stored outside their home country. The United States boasts an impressive gold storage facility, standing out as one of the most secured in the world. With a whopping 90% of the globe's gold reserves nestled within its walls, it's clear that nations worldwide have confidence in the US's ability to safeguard their precious resources. However, recent events have shown that this trust is slowly starting to crumble, with countries across Africa, Latin America, and the Middle East opting to bring their gold reserves back home. It's quite intriguing to note that some of the African nations opting to bring back their gold reserves from the United States are those with a positive relationship with the US. These countries include Nigeria, Ghana, Cameroon, and Senegal. Other non-African countries that have engaged in gold and forex repatriation from the US include Venezuela, the Netherlands, Germany, Switzerland, Saudi Arabia in the Middle East and Austria. Moreover, this wave of withdrawals underscores a broader trend of geopolitical realignment as nations reassess their financial dependencies and seek to fortify their economic sovereignty. They aim to diversify their holdings and mitigate exposure to potential risks that may emanate from centralized financial hubs. So, the main question now is why now? Why did these countries decide to repatriate their gold at this time? Well, seat tight let’s dig down into each country’s core reason especially the African ones. Starting with Nigeria it will be important for me to make you understand some latest statistics. Tradingeconomics.com indicates that as of April 30th 2024, Nigeria has roughly 32.1 billion US dollars in foreign reserves. Now if you add gold reserves, the total value of Nigeria's foreign reserves will stand at about 35.5 billion US dollars. With those figures in mind, according to an article from a blog known as The Star, the decision to bring back these gold reserves from American vaults reflects Nigeria's desire to mitigate risks associated with the weakening US economy. This move, which underscores Nigeria's proactive approach to safeguarding its wealth, has sparked discussions about the implications for both nations and the global financial landscape. Economic indicators such as rising inflation, escalating debt levels, and geopolitical tensions have raised apprehensions among Nigerian policymakers about the stability of the US financial system. By reclaiming control over its gold reserves, Nigeria aims to insulate itself from potential economic downturns and minimize exposure to external vulnerabilities. Moreover, repatriating gold reserves aligns with Nigeria's broader economic agenda, which emphasizes self-reliance and sustainable development. By leveraging its precious metal reserves, Nigeria can support domestic economic initiatives, stimulate investment, and enhance financial stability. Additionally, it can boost investor confidence and strengthen Nigeria's position in the global marketplace.
#africa #gold #unitedstates
That was one of the biggest mistake ever! How can you let a thief guard your precious metals?????
Question 💔
It's a bit complicated,but you must know that most of our previous leaders where sort of puppets who were given posts to save our colonial masters interest only and degrading us further .
The United Steals of America, give back gold? What're you, stupid?
They will use sanction against you like Russia to validate confisticating or seizing your kept GOLD.
I feel sorry for Nigeria, Ghana ,Kenya and India who have the highest deposit of Gold in the West.
Atlease the thief cannot steal them anymore 😂😂an u know where they are
It took the US six years to give back Germany's gold. Then they only gave half back.
What did the US think when they stole Russian money. In addition, sanctioning every country who doesn't agree with them. The world have had enough of the US bullying behavior.
Very smart move
GOOD AFRICA
I can bet any one £100000 , these African countries with reserves in the US will not get their GOLD & MONEY back.
US cannot afford to give them back.
❤ That's why Loyd Austin is willing to fight africa
Not only they will not get it from America but they will not get it from Europeans either who have their reserves all over the world. African gold will never come back to Africa! the world will go bankrupt without Africa's gold. And we know these Europeans and other nations cannot afford that to happen.
@@tracysharp1361
What a SHAME for African politicians to be so naive 😕.
That's true ..America will never return there reserves ever
Make sure that everything is tested don't trust them Afrika please 🙏🏾🙏🏾🙏🏾
The dollar is no more.
That is the decline of the big brother!
Better make sure it's real gold they are getting the real thing back
Africans gold must come home now now now???
Now Now Now Nooooow
@@wilmabacchus7935 they don’t store their gold with us, what were we thinking?
But the problem here is, come home to corrupt politicians who will themselves sell it in BLACK MARKET.
But you're right ✅️ it must be return.
@@williejinnahkosseh2289 We have absolutely no trust in ourselves. Sometimes give them the benefit of doubt, because people are the same all over. On some level we all want what is best for our country.
Wonderful
If they are not willingly to send our gold reserve, then cut off all their mining companies in our country
Its a move in the right direction.. Those people have shown they cannot be trusted and general laws does not apply to them and there evil allies.Its high time we detach and stand on our own
The guard is the biggest thieves.
What security will the African government have for their gold at home or in other nation this movie will start the unity of Africa political and economical unity
Those countries that are repatriating their gold should make sure that their gold are real and not fake before it leaves the USA
That's what I thought, they are thieves and coniving. I they don't US will be done.
About time
Yelp..., that's what I'm talking about~!!!!
good luck with that no 1 is getting there gold back🙄
I think demanding gold back will be good for international clarity for Americans motives and trust. If everything is good, you simply return those nations gold. If a crook is afoot, there will be sh!t in the game and it will be seen on a international stage as to who the crook is.
Remember Afghanistan Venezuela Russia
The American won't return your gold$.......
Agreed with you 💯💯💯💯💯💯 a thief will never return what has given to him freely
CCP own the US Dept...
But they have the highest storage of gold in the world… supposedly?
They going to need it desperately And going to collapse bigger this time
@@Tony-jd2mx the story about the collapse is not new. I will believe it when I see it. The American economy always expands during these collapses. People just get richer as the value of everything increases. It’s really an expansion and the complaints are an adjustment.
The irony of this whole video is the fact that they typed “South America” under the South African flag at the 8’58 mark.
Give us the respect we deserve as we move towards tipping global powers in our favour!
Get it back. True
Because we can trust them anymore.
You actually never should have trusted them to start! They are the thieves in the temple!
Great move 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾💯👏🏾💯👏🏾💯👏🏾💯👏🏾💯
If they never return soon. Go to u n. Court of justice.
Are you forgetting that the UN is an arm of the USA? PLEASE TELL ME IF AT ANY TIME, HAS THE UN OPPOSE THE USA?
Imagine 300 Billion US$ of Russia was frozen by United States just imagine Nigeria only has 35 Billion of total reserves in USA.
Love that is time
No more but we have learned how we can do it are self time to learn from home country,s no going to any other country,s in the world so Namibia 🇳🇦 lets do things are self also let's learn from other people other African countries
France has stolen so much gold that it has the 4th largest holdings in the world…
WHST_WAS_THE_REASON_IN_OTHER_COUNTRY_IN_THE_FIRST_PLACE?????????
Is sad news for all African
GREAT MOVEEEEE .. ALL COUNTRIES SHOULD 😂
It take almost 3 or 7 yrs for germany to get back halve of its gold the reason was america say they dig under the ocean an keep it there , the gold in the oceaan usa need time an money to get it out😂😂😂😂😂😂😂😂,imagine how long it will take africans to get back all there gold
África
There no gold y'all
The risk is if u are sanctions by the US you lost all 😂😂
💀
That's exactly my worry!🤣💔🤬
Julle vir jackals skaap wagter.
The US gas shot utself un the foit the udea if expanding Nato thtiughbUjrain has not been welcomed by mist gountrues. Most ciuntries are dikejtky supporting Russia
😂😂😂😂😂😂
The US most not cremanalise. ciuntries against their s wealth.
Countries MUST be able to recollect their properities saved in the US. .that is a force.
Nope they will not get anything back from those criminals. But hopefully this will be Unification of the continent of africa