Posted on 04/03/2022 4:56:06 AM PDT by blam
It means... If you have a couple of suitcases full of Ruble’s, you might get about an ounce of gold. Bite into it real hard though... It may be phony gold.
“What is it about gold, that causes humanity to seek it, hoard it, and value it?”
It’s pretty...and it’s ductile, so it’s easy to form into what shape you like, such as idols.
It’s pretty, and relatively rare.
That’s about it.
For my feeble mind, a material must have some underlying value/utility. Pretty has little value when you are starving.
Yeah the population of the EU is growing. By flooding in Africans and Moslems who then breed like flies. But the kind of population growth you want.
Not really. At the current rate it means the average Russian salary in rubles is worth an ounce of gold every 3 months. Not a wheelbarrow currency because their national debt is so low. They have prepped for this moment.
1st world military ??
Looks pretty 3rd world to me based on what I’ve been reading.
Just about any story that has the word paradigm shift in it means it’s pretty much irrelevant.
“what exactly does “linking” a currency to gold mean? that you can walk into any bank in that nation and use their worthless currency to buy gold at a fixed rate? if so,they’d run out of gold reserves in a day or two”
Correct you realize exactly the problem none of the gold bugs have.
Under the current set-up you can turn a billion in USD into 80 billion rubbles. You can then exchange those rubbles for gold worth 1.05 billion USD.
An instance $50 million profit for draining the Russian gold reserves by $1 billion.
The is a vicious circle that makes a gold pin impossible. The rubble will always trade at a discount to actual gold because there is not 100% trust Russia can keep the gold standard. There is not 100% trust because the discounted price incentivizes permanent drain on reserves.
Exact same scenario that caused Argentina’s dollar pin or the UK Deutschmark pin to fail catastrophically.
Texas has it’s own gold repository.
Texas is one of the strongest oil producing states, rivaling many countries.
Yes, Xi-O’Biden and his #ComDem supporters hate Texas.
The greenies are spitting in the wind with the idea of alternative energy replacing fossil fuel.
The laws of physics have not changed. And they overrule the #ComDem_Insanity coming out of DC and the Globalist pukes.
The petro dollar is on its last gasp. This is the start of the QFS system. The US will soon be on a new gold backed US note. Our banks are quietly preparing for the transition. Its a good thing.
If you are going to buy a crypto currency buy XRP. I have heard its the only crypto that will be allowed on the QFS system. It won’t be used as a currency but a transfer mechanism.
You can grab gold nuggets from the Feather River every weekend and make $30,000 a month if you know where to look. Every year new gold gets washed into the river.
Oh really? You don't say?
Trollin', trollin', trollin'...
Oh really? You don't say?
Trollin', trollin', trollin'...
So good you had to post it twice. 😆
Gold embellishes wealth, thereby granting it a value commensurate with wealth, as does slavery.
Think of the Inca golden idols, mostly melted down by Spanish. For the Portuguese gold and slaves were their most precious commodity for international trade in the 14 and 15 centuries.
The abandonment of slavery was fueled by the industrial revolution creating a serf class with stable income.
Today we are experiencing the purposeful destruction of the middle class which grew strong as the labor class following WWII.
A middle class drains power and wealth from the upper class. Only slavery provides unlimited wealth to the upper class. Gold is the standard of that wealth. As the enslavement of the middle to lower class continues, we will soon begin to see the embellishment of wealth by gold.
In the beginning; In a pre-technological world native gold was ductile and malleable without refining so would be one of the first metals used, the starting point of its value. (Fashioning objects from metal stand at the beginnings of Technolgy!) Gold reflects light so stands out from other rocks; it is a sun like color so would be attractive to early man. That usefulness and scarcity lead to it being a medium of exchange between different cultures. That continuum of golds value persists, although not to the same level as previous ages.
Note that gold is not just attractive to pre-technolgical man.
https://physics.stackexchange.com/questions/74412/why-does-nasa-use-gold-foil-on-equipment-and-gold-coated-visors
"To control the surface temperature of an object that is exposed to IR (heat waves), NASA wraps its equipment with a metallic reflector that reflects IR to keep it from getting “hot.” The common reflectors are aluminum, silver, copper, and gold. Below, the plot of reflectance vs. wavelength shows that all four metals are good IR-reflectors since the reflectance is close to 100% for wavelengths greater than 700 nm (λ ≥ 700 nm).
So why use gold? It’s most likely the same reason why they use gold extensively in circuit boards. (i) Gold does not corrode or rust while silver and copper do, which would reduce reflectance (by the way this happens before takeoff) and (ii) it’s a lot easier to work with gold than aluminum."
Finally, Women find it pretty, so men find it to find pretty women! :)
Remeber what happened to Qaddafi when he went to the gold standard?
The only reason the US does not have a declining population is we import breeders from Mexico and South America.
In theory, the USA could also have a gold-backed currency - we are a huge economy, a highly productive economy, and large population.
EXCEPT for the fact that we are heavily in debt and our woke-leftist-social-engineering ruling class absolutely depends on printed fiat and massive debt to keep woke-America afloat.
Therefore, they will fight tooth-and-nail to preserve the fiat US dollar. They will print like mad. They will attack anyone who proposes a gold-backed currency, including Russia. They will also impose fascism/marxism in the USA.
Exactly.
The positive thing about that is they're not Moslems like most of the immigrants to Europe.
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