Gold, Sanctions and De-dollarization

"https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man

https://www.telesurenglish.net/news/Holding-Venezuelan-Gold-in-the-Bank-of-England-is-a-Robbery-20220804-0005.html

"British Judge Cockerill's decision prevents the Venezuelan State from accessing 32 tons of gold that have been held in the Bank of England since 2018."

https://www.wsws.org/en/articles/2023/01/05/muwf-j05.html?pk_campaign=newsletter&pk_kwd=

Today, I would like to talk about gold. I’m going to read a decent amount of this article, not the whole thing, but enough so that people will understand what is happening in the global economic system of which seems to be bifurcating or splitting apart into a multipolar system away from the US dominated hegemonic system. The full article will be in the description below.

So, an article from the World Socialist Web Site titled:

"Central bank gold purchases highest in more than half a century"

"It has not attracted much attention in the financial press but the World Gold Council (WGC), a think tank and lobby group for the industry, has reported that purchases of the precious metal, once the basis of the international monetary system, were the highest in 2022 for 55 years."