Jason Burack: Gold Rallies Despite DXY Rally, Brazil Makes Largest Gold Purchase Since 1999

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Wall St. For Main St., Released on 7/20/21

Brazil joined Thailand, Hungary, Poland and Russia with large tonnage purchases of physical gold.

Brazil’s central bank buys 41.8 tonnes of gold in June www.kitco.com/news/2021-07-19…

This is Brazil’s largest purchase of physical gold since 1999 and increased Brazil’s official gold reserve by over 50%

US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low blogs.imf.org/2021/05/05/us-d…

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World’s dollar reserves hit 25-year low www.axios.com/dollar-reserve-…

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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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