Remember this roe between the LBMA and Dubai Gold Exchange? This was right at the moment the UAE Central Bank became a charter member of mBridge. I'm pretty sure the participation in mBridge was the final straw that drew the LBMA rebuke.
Reading the 2024 In Gold We Trust Report they highlight the importance of Dubai as a growing gold exchange hub and a direct competitor to COMEX and LBMA. As stated Dubai is attracting gold from East Africa and has increased in importance as gold continues to move East. As Vince frequently states, "They want the gold." Also, Russia and India are establishing their own global gold exchanges further highlighting the break between the west and the global south.
What a whole pile of BS to mask Vince's true take on it (and what's been happening for some time everywhere), and that is to "further weaken the USD hold on global trade".
Gold will be traded in UAE using mbridge. Africans give gold, get XRP back, exchange hold the gold, trade the XRP to their trade partner to use that is in BRICS, OR Africans give gold get UAE gold backed unit and trade that go BRICS member.
Exclusive: Gold market authority threatens to blacklist UAE and other centers
https://www.reuters.com/article/gold-lbma-exclusive-idUSKBN27S0NK/
Remember this roe between the LBMA and Dubai Gold Exchange? This was right at the moment the UAE Central Bank became a charter member of mBridge. I'm pretty sure the participation in mBridge was the final straw that drew the LBMA rebuke.
Reading the 2024 In Gold We Trust Report they highlight the importance of Dubai as a growing gold exchange hub and a direct competitor to COMEX and LBMA. As stated Dubai is attracting gold from East Africa and has increased in importance as gold continues to move East. As Vince frequently states, "They want the gold." Also, Russia and India are establishing their own global gold exchanges further highlighting the break between the west and the global south.
What a whole pile of BS to mask Vince's true take on it (and what's been happening for some time everywhere), and that is to "further weaken the USD hold on global trade".
Gold will be traded in UAE using mbridge. Africans give gold, get XRP back, exchange hold the gold, trade the XRP to their trade partner to use that is in BRICS, OR Africans give gold get UAE gold backed unit and trade that go BRICS member.
Thanks for posting!
Beautiful, if true