Posted on 09/18/2025 8:41:37 PM PDT by delta7
The world is losing their appetite for unbacked, debasing currencies, especially the USD. ( thanks Joe-weaponizing the dollar has many consequences).
I knew this was why China had been cornering the Gold markets....Won’t be long before the Dollar is dead.
Good think China doesn’t have any debt.
of course they are moving away from US treasuries. When you run the deficit #s up, and Trump is guilty of this, you can expect ppl not to hold your debt. It aint rocket surgery,
2k tons sounds like a lot, but is not. It’s dense and heavy as hell.
True. But couldn’t China simply cancel it’s gold-backed currency at any time? Just like how US silver certificates once could be redeemed in silver.
Then in 1968 the federal government stopped that. You could still hold silver certificates. But you could no longer redeem them for silver.
Notice what it says under the ONE DOLLAR.
Trusting that the Chicoms will fairly manage anything is like trusting the Hussein/Biden Regime to honor the Founding Fathers.
Or like trusting the Clintons to honor their marriage vows.
Your interest rates could triple to keep people buying your bonds.
The the deficits might be $6 trillion/yr.
So when will there be a gold backed Yuan? 10-20 years from now? And what percent gold backing will be very important. Will it be 20-30% gold backed? History is full of partially gold backed currencies that bit the dust. The Chinese are degenerate gamblers, they love to mess around with their 100% fiat currency.
“Switzerland’s Swiss franc was gold-backed at a statutory rate of about 40% until 1999, when the Swiss constitution was amended to remove the requirement and sever the official gold link.”
Of course, that does not mean the dollar is not in a world of hurt.
“True. But couldn’t China simply cancel it’s gold-backed currency at any time? Just like how US silver certificates once could be redeemed in silver.”
Nations canceling their gold backed currency happens all the time. History shows this to be true. And they always screw around with their gold backed currencies. They are never 100% gold backed. More like 30-40% gold backed.
What ALL of us are doing is losing faith in Democrats, be they from the Americas, Chinese, Russian or European. Precious metals can’t feed you, faith in your fellow man can.
True. But couldn’t China simply cancel its gold-backed currency at any time?—————
Highly unlikely with China ( SGE) now opening global Gold depositories world wide, Singapore, Dubai, etc. Their Yuan will be fully redeemable in Gold at worldwide locations.
The world wants physical Gold, not paper currencies which are declining severely in purchasing power…as witnessed by the world’s biggest money, the Central Banks, buying historic tons.
Oh wait, I mean gold bars, and totally not tungsten bars with a few microns of gold electroplated on.
The Chinese leadership might be buying the gold for the time when they have to flee the country because they cant stop China’s collapse.
2k tons sounds like a lot, but is not. It’s dense and heavy as hell.
————
China has quietly acquired 40,000 tons over the last few years….to the US’s claimed 8,000 tons Trump has broken his promise of a U.S. Gold audit, which will have huge consequences.
“ Dense and heavy” is why it has been Wealth for 5,000 years. You can’t print it at will like paper currency.
The Chinese leadership might be buying the gold for the time when they have to flee the country
—————-
“ He who has the gold makes the rules’”.
President Trump
Truth Social
20 April
That said, the reason for no Gold audit may, just may be the fact the U.S. holds MORE than 8,000 tons. Time will tell.
That could be true, the US having more gold than reported.
We can believe China.
They never lie.
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