Posted on 03/20/2025 7:42:03 AM PDT by delta7
To those uninformed, do realize Gold movements effect every single paper credit/ debt instrument on the planet.
President Trump is well aware of what is coming, and I trust he will manage the developing crisis putting Americans first on the ride down .The largest transfer of wealth ( positive for some, negative for many) in history is occurring.
I will give all a hint: be sure to read ALL your banks recent “account disclosure” statements. You will be utterly shocked.
Was there any report on Trump’s recent audit of the gold stocks in Ft Knox? I haven’t seen anything.
Saw gold was $3000 an ounce the other day! Not,so long ago it was $35 or so an ounce (up until 1971)- IF we had all known back then what we know now! Sigh. (Can be said about crypto currency too) back in the day though folks never thought gold would rise so dramatically. Watching commercials about silver, they say “it could rise to... (fill in blank)”
ND SUPPZOEDLY the us has found what “could be” an $80 billion plus deposit, course that is just the amount that dems like to give away to terrorist nations that are seeking “nucular” bombs (as bush jr used to say)
I’ve heard some discussion on the silver vs gold discussion. About 18 months ago silver was at or below $20 - the other day it was $38. Gold if I remember correctly was at $1800 and now is at $3k. So, silver has gone up more percentage wise, and some people say it could go to $200 - no timeline except that they tie it to the gold price shooting up.
silver is the most undervalued asset on the planet
That’s good to hear since it’s more affordable (currently).
Was there any report on Trump’s recent audit of the gold stocks in Ft Knox? I haven’t seen anything.
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A full assay audit has not been done since the early 1950’s. 8,100 tons are on our books, half at Ft Knox, and some at Denver ,West Point and in JP Morgan’s underground vault in NY.
I suspect with all the Gold shipments flown into the US the past few months, ( 2,000 tons in February alone) something is up. That said, Ft Knox alone ( officially reported to be at about 4,000 tons) will require months of preparation, equipment, workers, security preparations, etc.
Trump’s full audit must be done in a manner to satisfy the Public. That includes checking serial numbers, gold leased out, re- hypothecated, purity, etc.
A simple hour walk through like the last time will not suffice.
You can follow developments by visiting www.gata.org. They are the world’s leading experts on everything Gold.
“About 18 months ago silver was at or below $20 - the other day it was $38.”
It was about 20 in Mar, 2023. About 34 now.
High was 35, not 38.
“I suspect with all the Gold shipments flown into the US the past few months, ( 2,000 tons in February alone) something is up.”
You posted that same a few days ago. I gave you the answer.
Am I smarter than Socrates?
To all, again, I repeat.
“ I will give all a hint: be sure to read ALL your banks recent “account disclosure” statements. You will be utterly shocked.”
There certainly seems to be a lot of scheming and sleight-of-hand when it comes to gold. Country X wants their gold back from Country Y but they’re waiting on completion of an inventory of Institution Z’s holdings . . . Round and round it goes. And now there’s a glut of gold dealers hoping to cash in on the frenzy; their ads are all over conservative talk radio and websites. The only thing that’s clear is that we all should have bought back when it was $35 / ounce.
By what?
Any scheme that does not involve physical possession is an invitation to get scammed.
“The only thing that’s clear is that we all should have bought back when it was $35 / ounce.”
What are you doing New Year’s Eve? In 1974, it was buy gold for the first time in forty-one years. On December 31, 1974, the federal government once again permitted Americans to own gold. From May 1933, until that New Year’s Eve, the feds prohibited Americans from owning gold. In April 1933, President Franklin D. Roosevelt gave Americans one month to hand over all their gold money in exchange for $20.67 in Federal Reserve Note paper per ounce of it. All gold money—coins (even U.S. Mint ones), bars, gold certificates, the whole gamut, with trifling amounts permitted for jewelry and dentistry. FDR’s order stayed in effect until December 31, 1974, when Congress, with President Gerald R. Ford’s signature, scrapped it.
Don you keep your money under the mattress?
“Watching commercials about silver, they say “it could rise to... (fill in blank)”
Still waiting for silver to break $50, been waiting since I saw huge headlines about the Silver price while stuck in Copenhagen airport back in the 80s
I wonder about this. Fidelity recently sent me a flyer that stated that some of my holdings might be replaced by other holdings of equivalent value. However the other holdings might include make-up shares that are considered by tax law to be different than what i originally held, and that my taxes might go up as a result. I do not read every flyer i get but this is the first time that i have gotten something that sounds suspiciously as if i am somehow going to be bilked soon. I have some GLD with Fidelity.
By what?
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I will bite as a public service. Capital controls. Preparations for a bank run.
I will not post the bank names, but they are the bigger boys, ranked number 3, 6 and 8 according to Weiss, and Credit Unions ( to a lesser degree).
Of course, since they put these controls in place as a “ user agreement “, doesn’t mean they will immediately instate these measures, but they are now legally in place ready to use.
The question is why now ( three I received in the past 6 weeks)? The most surprising is the one I thought to be the safest, effective 13 April.
Interesting, but I wouldn’t worry about it. Probably a proforma notice that will likely never affect your account.
As an aside, I have been trading GLD at Fidelity for about 4 years now. Knowing that the long-term trend for gold will be up makes trading less risky. Buy the dips.
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