Posted on 04/16/2024 7:39:29 AM PDT by delta7
gold is at record highs in every world currency.
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Historic Central Bank and large institutional buying- if they are all buying tons, maybe you should to.
That said, I cross checked the “ rumor” that China is telling their citizens to now switch from buying gold to buying silver. A relative in China ( banking industry) has confirmed this. ….1.5 billion Chinese buying silver insures the already depleted silver market goes only one way- up…..notice the world overnight PM markets, PM’s advance in the Shanghai markets, then are ALWAYS pushed down at about noon time in the NY market….manipulation?
Regardless, I find it interesting all of US supposed “ enemies “ ( Russia, China,etc ) are making it easy to buy Gold and Silver. Walk into your local bank, pay in cash, walk out with PM’s in your possession….need cash? Walk in your local bank and redeem your ounces for cash- try that in a U.S. bank, forbidden.
It appears those “ evil” governments are genuinely looking out for their people’s interests.
Its obvious that BRICS see the Bretton Woods system and primacy of the US dollar as the foundation of the US deep-state and military industrial complex. Putin, Xi and many under them have said this.
Might they motivate their citizens to try to collapse it through billions of individual actions? Seems too fantastically devious and "out of the box" to be possible
Nonetheless, the US is vulnerable to a collapse of fiat money, it seems there are no downsides, and its a lot cleaner than outright war.
Does the sun shine?
Is water wet?
Does a bill fold?
Can a square root?
Does a skunk smell?
Can a sine wave?
course of action is to do what people did during the inflation of the 1970s, which is to put our increasingly worthless fiat currency into hard goods of one type or another. This might mean Buying a larger home, fixing up or expanding your existing home, purchasing a new car, a new refrigerator, stocking multiple freezers with meat, or buying gold and silver as hedges.
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Amen brother, but you had better nix the Bitcoin option. Do you really think when a nation has its own sovereign digital currency, it will not abolish the competition?
Do note, China forbid Bitcoin in their country. They have developed their own CBDC, they will not tolerate “ competition “. The day is coming when Bitcoin will be abolished, first through high taxation, then ridiculous reporting requirements, then ridiculous selling requirements…..they will not forbid buying, but will destroy the selling mechanism——think Hunt Brothers.
Too bad, he is a pretty bright guy who could do a lot of good but he comes up with some serious OMG stuff on a semi regular basis
If Biden & Co. was intentionally trying to destroy the country, what would they be doing differently?
btt
Trying Baba Louie? There is no try, there is only is.
Concern about the US Dollar (USD) is not backed up by any recent monetary data.
Against a basket of foreign currencies - a basket that includes all the BRICS currencies - the USD has floated between $100 and $112 for the last 24 months.
$100 equals par or neutral. Numbers above $100 equal USD strength. Numbers below $100 equal USD weakness.
USD price as I write this: $105.78
https://www.cnbc.com/quotes/@DX.1
Yes, USA government - at every level - has severe financial problems.
Trillions of dollars in debt. And, trillions more in unfunded future medical and retirement benefits.
The good news - the rest of the world is in even worse shape than we are!
The Obama/Biden Admin is trying to destroy both the dollar and the country
Of course not! They have already destroyed it!
They are just temporarily artificially propping it up in case Donald Trump gets elected - then it can crash! Guess who gets blamed? >see Herbert Hoover!
I’ve been following the enaria rollout in Nigeria, and Ddash in the Carribean, as the push-pull tactics take hold.
We are emulating Venezuela, which I thought was a laboratory for America’s future, and now the digital games.
I’m thinking Montenegro has nice weather and beaches, very nice people (even though they were pirates once-upon-a-time), and a low cost of living.
They really want that cbdc
Western financial markets are now a dangerous place to park your money.
Wonder why Costco is selling gold bars as fast as they can stock them.
The stock market looks like a high speed yoyo.
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