Home › 6a) Gold & Monetary Metals › 6a.) GoldCore › The ‘Friend- Shoring’ of Gold- A New World Order?
Permanent link to this article: https://snbchf.com/2022/04/flood-shoring-gold-new-world-order/
Donate to SNBCHF.com
Donate to SNBCHF.com Via Paypal or Bitcoin To Help Keep the Site Running
Please consider making a small donation to Snbchf.com. Thanks
Bitcoin wallet: bc1qa2h6hgd0xkuh7xh02jm5x25k6x8g7548ffaj3j
Receive a Daily Mail from this Blog
Live Currency Cross Rates
On Swiss National Bank
-
USD/CHF stays above 0.9100 nearing the highs since October
11 days ago -
SNB Sight Deposits: increased by 3.4 billion francs compared to the previous week
20 hours ago -
Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar
12 days ago -
Canadian Dollar remains vulnerable after strong US Retail Sales
11 days ago -
2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times
17 days ago
Main SNB Background Info
-
SNB Sight Deposits: increased by 3.4 billion francs compared to the previous week
20 hours ago -
The Secret History Of The Banking Crisis
2017-08-14 -
SNB Balance Sheet Now Over 100 percent GDP
2016-08-29 -
The relationship between CHF and gold
2016-07-23 -
CHF Price Movements: Correlations between CHF and the German Economy
2016-07-22
Featured and recent
-
Did the MMT Camp Correctly Predict the Post-Covid Economy?
-
Word of the Day: Performative
-
In diesen Städten sind die #Mieten am stärksten gestiegen #wohnen #shorts
-
5 Entscheidungen, von denen Dein Wohlstand abhängt
-
Bayer Hauptversammlung: Damit müssen Aktionäre jetzt rechnen!
-
Chapter 9. From Taxes to Trade, More Secession Means More Freedom
-
Woods Exposes the Federal Reserve System
-
Increase of 1.7% in nominal wages in 2023 and 0.4% decline in real wages
-
SNB returns to quarterly profit thanks to Swiss franc weakness
-
The Danger of the West’s Neglect of Individual Rights
More from this category
- Did the MMT Camp Correctly Predict the Post-Covid Economy?
26 Apr 2024
- Word of the Day: Performative
26 Apr 2024
- Help Us Publish These Three New Books
26 Apr 2024
- Low Time Preference Leads to Civilization
26 Apr 2024
- Opposing Military Intervention: Loving Dictators or Hating War?
26 Apr 2024
- Retail Sales Data Suggests A Strong Consumer Or Does It
26 Apr 2024
- What Is the Purpose of Economic Theory?
26 Apr 2024
- Kentucky Becomes 45th State to End Sales Taxes on Gold and Silver
25 Apr 2024
- Javier Milei vs. the Status Quo
25 Apr 2024
- The Problem with Microlibertarianism
25 Apr 2024
- The Danger of the West’s Neglect of Individual Rights
25 Apr 2024
- Why the West Is Giving Up on Individual Rights
25 Apr 2024
- SNB returns to quarterly profit thanks to Swiss franc weakness
25 Apr 2024
- Increase of 1.7% in nominal wages in 2023 and 0.4% decline in real wages
25 Apr 2024
- Woods Exposes the Federal Reserve System
25 Apr 2024
- Driver’s Licenses Waive Personal Responsibility and Contribute to Disorder on the Road
24 Apr 2024
- Privatize Driver’s Licenses
24 Apr 2024
- Chapter 9. From Taxes to Trade, More Secession Means More Freedom
24 Apr 2024
- Chapter 4. Why the Classical Liberals Wanted Decentralization
24 Apr 2024
- Chapter 12. When It Comes to National Defense, It’s More than Size that Matters
24 Apr 2024
The ‘Friend- Shoring’ of Gold- A New World Order?
Published on April 24, 2022
Stephen Flood
My articles My videosMy books
Follow on:
It’s Not On-shoring, It’s Friend- Shoring Now!
In a speech on April 13 at the Atlantic Council in Washington D.C., Janet Yellen invented a new phrase ‘friend-shoring’. This is related to the buzzword ‘on-shoring’, sometimes called ‘reshoring’. On-shoring is the idea that because the globalization of trade flows has become too complex for national security. Certain production facilities must be brought back on-shore for domestic production. We discussed this concept in our January 28, 2021 post: “Gold, the Tried-and-True Inflation Hedge for What’s Coming!” as reduced Globalization as ‘Made at Home’ policies is proliferating.Gold Mine Production by Country (2019)
Major Countries Gold Mine Production (2021)
The graphs above are similar to gold production data for the year 2021 formed as a bar chart.What Happens to Gold in ‘Friend-Shoring Paradigm
Of 2,250 gold tonnes produced by the top 15 countries, 830 tonnes would be called unfriendly according to Janet Yellen’s friend-shoring paradigm. Moreover, that means 37% of annual production would not be exported to western economies. Long time gold market followers might recall that before China joined the World Trade Organization gold production data was divided into sections: Western World, China, and CIS (which included Russia, Kazakhstan, and Uzbekistan, among other Eastern European countries). The ‘Western World’ production was considered what was easily accessible by trade agreements and available for Western consumers. Furthermore, the ‘friend-shoring’ would return us all to this similar paradigm. Another implication for gold production under a ‘friendly-shoring’ paradigm is that the friendly countries would no longer just compete based on price. Designing new competition rules to favour countries and producers that follow the sustainability guidelines. This guideline could include matters such as the highest possible wages paid to the mine employees. Also, the lowest carbon emission generated per ounce of gold production, water conservation, and the footprint of the mine to name a few. Silver’s global production footprint is different from gold’s.Follow on:
No related photos.
Tags: Commentary,Economics,Featured,Gold,gold news,gold price,gold price analysis,News,newsletter,Precious Metals,silver,silver price