News

PANews reported on February 15th, blockchain data shows that about 6 minutes ago, a certain address transferred 800,100 $OM to CEX, valued at $5,952,744.

On February 15, Bloomberg macro strategist Simon White wrote that gold and silver are flowing into U.S. warehouses at a rate unseen since the pandemic began. The hoarding by emerging market central banks over the years may have caused a shortage of physical metals in Western countries. However, another less likely theory is that the United States is preparing to revalue its gold reserves. Recently, large amounts of gold and silver have been pouring into the warehouses of the New York Commodity Exchange (Comex), leading to speculation that the U.S. is about to revalue its vast gold stocks according to market prices (currently close to $3,000). The U.S. government's gold reserves are currently accounted for at a historical price of $42 per ounce, while current market prices are nearing $3,000 per ounce - this huge valuation gap has sparked speculation on Wall Street and beyond. Under Trump's administration known for stirring things up, such speculation cannot be completely ruled out.