Posted on 04/03/2024 7:14:39 AM PDT by delta7
Investors’ curiosity has peaked as central banks are increasing their gold purchases. We are not going back to a Bretton Woods type situation and that is not the issue. You must understand that gold is neutral. Central banks are buying gold because the Neocons have weaponized the dollar.
Russia was removed from the SWIFT system, and private citizens’ assets were confiscated. When Russian assets were removed from SWIFT, a threat to the world was issued to say, “Hey, if you don’t do what we tell you to do, we will take you out of SWIFT.”
This is not the end of the dollar. Money continues to pour into US equities, particularly the Dow. Why? When the drum of war is beating, major institutions rush to move their money into a safe haven, which happens to be the US at this point in time. The big money is not purchasing start-up equities on the Nasdaq, for example, as they will not take that risk. Our computer model indicates the Dow will continue rising into 2032 as it remains one of the last safe havens.
The West has become extremely aggressive in its geopolitics. You simply do not buy the debt of your enemy. Central banks are buying gold because the USD is political.
There is a stark difference between short-term and long-term bonds. The central banks have zero control over the short-term and that is how this whole QE fiasco began as central banks began purchasing long-term debt in an attempt to reduce long-term interest. Why would you buy long-term when war, the primary driver of inflation, is looming? This is a serious situation that the neocons who have weaponized the dollar simply do not understand.
That said- Now the US is unable to monitor/ track capital flows / transactions of much of the world ….an invaluable tool….note, over 40 countries have now applied for Brics membership - about 65-75 percent of the world’s population. Brics is no longer going to use SWIFT.
Yet another genius move by our brain dead.
A good read.
Please note that Martin Armstrong is a convicted felon who served time in Federal prison for financial fraud, so his articles may deserve additional scrutiny depending on the reader.
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To protect against inflation?..........................😉
Banks in the US alone are holding well over a trillion dollars in mortgages and loans on commercial real estate that now lies empty. Those loans and mortgages cannot be repaid. The Biden cabal US Treasury and their hedge fund friends on Wall Street are doing all they can to forstall the collapse until after november 2024. Gold is the best hedge against this coming catastophre.
To protect against inflation?...
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Possibly, but more likely they are broke, and know it. China has already stated years ago they will back their digital Yuan with Gold holdings….ditto with many Brics nations…..seven or eight US States have already created sovereign State Gold and Silver depositories….
My travels through SA revealed many of their gold mines have been bought by China, they circumnavigate the corrupted western Gold pricing mechanisms by buying the mine, and shipping the ore to China.
The US with $44,000,000,000,000 in unpayable debt knows the clock is ticking, pray our Gold Reserves are what the government says they are ( they aren’t)- the last full audit ( assay) of our gold reserves was done decades ago.
Interesting to note a full audit entails drilling bars and assaying the contents,
Cross checking bar serial numbers, weighing, etc….that said, except a full blow off when our Comex has a “ failure to deliver “ event, which is getting close.
https://www.bullionstar.us/blogs/koos-jansen/us-government-lost-7-fort-knox-gold-audit-reports/
https://www.govtrack.us/congress/bills/117/hr3526
https://www.numismaticnews.net/coin-market/u-s-government-gold-reserve-auditor-deceptions
https://www.gold-eagle.com/article/truth-about-bundesbank-repatriation-gold-us
…….and on and on.
Please note Martin Armstrong advice has been called upon by no less that 20 sovereign governments, from Paul Volkner to Trump to ( England) Thatcher to Australia to the ME.
He is a legend for his computer generated ( Socrates) ECM cycles. Disregard at your own Peril.
Question I have is why are so many gold companies yelling that the money is “no good” and you need to buy gold and silver! And what do they want in exchange for their gold and silver? That very money they say is “no good!”
Note. Between 1880 and 1960 the cost of everything doubled in 80 years. 100% inflation.
Between 1960 and 2024 the cost of everything has skyrocketed. We now have over 900% inflation in 64 years.
What cost $100 in 2020 now costs $120.
“Peaked” or “piqued”?
Gold is the best hedge against this coming catastophre.
A few thoughts:
1) “A well regulated militia being necessary........” The 2nd is more about being surrounded by like minded people than guns. People are high risk, high reward investments. But when the crap hits, you are going to need good people around you more than you are going to need gold.
2) If you are a student of ancient wisdom, the following has some merit:
Luk 16:9 Here’s the lesson: Use your worldly resources to benefit others and make friends. Then, when your earthly possessions are gone, they will welcome you to an eternal home.
You can bet these scumbags are going to unload the dumpster of sh## on trump come january
Question I have is why are so many gold companies yelling that the money is “no good”
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You answered your own question. Pull up the USD chart from 1920’s and compare it to the same timeframe in Gold. Fact is the USD now buys 3 percent ( a 97 percent drop) of what it did in the 20’s.
As for your claims, I don’t see large retailers making your claim. Treating PM’s as financial insurance is prudent. Money is not going away, Trade has and will always continue….right up to “ the End”….even with the evil one’s cashless system.
As a millionaire ( way back when) once told me, paper money is for spending, gold is your storage of wealth.
Use your worldly resources to benefit others
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Very good reminder, after all, NONE of it is ours, we are merely stewards ( the preceding paragraphs to your reference).
Would a good , prudent steward purchase insurance on his house? Insurance for his cars?
…..if anyone really wants to hear “ the word”…..just start tithing and watch your barn overflow.
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