Put another way, gold prices stay the same but currency depreciates at record new levels.
Posted on 02/23/2025 6:34:50 PM PST by delta7
“This is absolutely crazy. Right now, there might not be any other asset in the world that's being snapped up like gold—by central banks, global investors, businesses, and regular people all at the same time. And the key here is, they’re all going after physical gold. This could be the biggest scramble for real gold we've ever seen. And with this frenzy, global gold prices just keep climbing, hitting new record highs almost every day.”
https://www.youtube.com/watch?v=3iqmeripwl0
Not yet, but soon!
My 2 and a half Dollar Gold coin
Is Going in the Safe or I’ll
Wear it !
Probably gold plated tungsten.
Is this about the audit on Fort Knox? Or about some devastating revelations that will tank economies?
Better check Knox quick!
Put another way, gold prices stay the same but currency depreciates at record new levels.
There’s a machine that can detect that with no damage to the gold. It scans the gold and can ID elements that aren’t gold.
I saw on a show “Hardcore Pawn.” They were Beta testing the machine but I think that they bought it. Costs around fifty thousand dollars.
> Probably gold plated tungsten. <
I was reading about that the other day. There’s a Chinese company that will sell you gold plated tungsten for “novelty purposes”. Of course no one actually buys such bars for that reason.
As you probably know, gold plated tungsten has a density very close to that of gold. So the old density tests won’t work. And neither will a surface acid test.
You’ve got to do an ultrasound test or a conductivity test.
They better order online, from Costco.
Chinese are very negative on the country’s economy
also most middle-class wealth is held in real estate or cash. Chinese do not buy stocks like Americans do.
As real estate continues to decline, along with the RMB, Chinese citizens are moving into gold
Besides Fort Knox, I’ve seen it reported that the U.S. also has gold reserves at West Point and in Denver.
Those locations should be examined as well.
Can’t say that Asian currency markets aren’t interesting;
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=VND
Our company had a hand held XRF device to analyze metals. Necessary to ensure the stainless steel or Hasteloy alloy is what was purchased.
=== Something like this ====
“Bruker’s Handheld and portable XRF analyzers allow for rapid metal identification, engineered for ease of use, accuracy, and reliable elemental analysis. See where fit, form, and function all intersect with our metal sorting instruments. Designed for the most demanding customer applications, our rock-solid analytical tools are a fast, precise, non-destructive solution for alloy identification.
The Bruker S1 TITAN portable XRF analyzer makes metal analysis easier than ever before. A lightweight, mobile alloy analyzer that leads the way in performing crucial tasks in the alloy industries.
Designed for use in nearly any weather condition, field environment, and location, the S1 TITAN will give you reliable results in seconds. The use of a Bruker metal tester saves significant expenses in comparison with traditional laboratory testing. With shorter measurement times and superior detection limits, our handheld XRF analyzers increases your productivity. For our thousands of customers around the world, a Bruker metal analyzer offers a high profit potential and low long-term ownership costs.”
That machine is a Sigma Metalytics Verifier, and is about $1700 in the most deluxe, newest edition, and closer to $1000 in a more stripped down version. Considering that avoiding buying only one bogus ounce of gold would pay for the machine, that’s a bargain.
It would be absolutely insane to be in the metals business without one of these machines.
The prior machine that verified metals content was an XRF machine, typically $15-$20K.
I’m seeing the handheld units selling at around $31,000.
But the machines have came down allot.
It it all falls apart, the only use for gold will be as a substitute for lead in bullets.
That Word ‘Soon.’
.
Maranatha Amigo!
Bkmk
Please enlighten me.
Why is gold so valuable?
beyond its obvious industrial uses?
I don’t wear any jewelry due to my past
occupations as a technician and engineer.
Too dangerous.
I only wore a watch, Plastic cased,
when job required it.
Modern economies are based on the physical
and human resources they can use to produce
things people need to live and prosper.
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