Rubles are bound to Gold at 5000 Rubles per gram, and there are 32 grams per TROY ounce, meaning one ounce of gold would cost 160,000 Rubles, then converting that to US Dollars means Gold is $1600 per ounce when using Rubles, instead of $1,928 per ounce using Dollars.
The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.
And this is why Trump and co have not made many overt moves on the stolen election yet. They want this whole demonic system to come crashing down on top of Biden and the swamp. Does a demolition man stand inside the building when he hits the plunger?
If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation.
An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals.
But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
I have to believe there is a plan in place to protect us from this circumstance. There is no way the plan involves turning 300 million Americans into paupers. There is no way they are going to turn the richest nation on earth into the poorest.
If thats the plan then Id rather die going after the scum with brass and lead. And if the result of the plan does turn us into paupers, then the plan failed spectacularly because there are millions like me that would pick up their weapons and blood would flow freely in our streets. That may be the cabals intent, but Patriots are doing everything possible to prevent this occurring. That is in large part why this is taking so long.
Therefore, investing in precious metals is wise, however you do not need to convert everything you have into gold. If what I believe is true then the Patriots have cleaned out most of the worlds gold and Trumps EO will remove the assets of the richest people and corporations who have conspired in this treason, and there will be some sort of a distribution and currency exchange plan.
For those on a budget silver is a good investment.There is 17 times more silver than gold in the earths crust. The value of these metals should be 1 to 17 or even better considering silver also has many industrial uses where gold does not. At $25 compared to $2000 the ratio is about 80 to 1. Silver is extremely and artificially undervalued.
Generally up but we are in unprecedented times and the next crash will likely be unlike anything we've ever seen. It will still be better to hold gold or silver than any fiat currency though.
What happens to the price is somewhat irrelevant though. What matters is the buying power associated with an ounce of gold or silver. If the dollar tanks, an ounce of gold may be worth $20,000 next year but that doesn't mean it will buy you what $20,000 will buy you now. It will be worth $20,000 because the dollar is worth less.
In 2019, prices were doubling every 2 days at the peak of Venezuela's hyperinflation. Those who had their savings in Venezuelan Bolivars got wiped out. Those who had gold maintained their wealth. I believe the only thing that's keeping the same thing from happening in the US is the fact that the world still has faith in the USD. If that changes, things could get messy in a hurry. If Russia is actually doing this, it may be the beginning.
The Fed's actions since 2020 have been so incredibly reckless I feel like the end is near one way or another. The optimist in me feels it will be okay, regardless of your savings or debt. I think there's an even Greater Reset in the works. I think we'll like how this movie ends. But if not.. It can't hurt to prepare accordingly.
No it's way too cheep,its the only commodity that hasn't gone up I price. The big banks are short on paper several hundred million onces. Every doller silver rises costs them billions,so they short the price down to survive another day. When the price goes down we buy more. At some point it breaks out,might not happen until they are out of silver at the comex.
Goto r/ wallstreet silver and the the comments and DD. Place is really based for reddit,lots of us are over their.
" They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in." I'm confused or ignorant, thought the USD hasn't been redeemable since 1971, when Nixon took us off gold standard, and then into petro $s in 1976 ish?
No you're right, the way I worded that seemed to imply there is still a gold standard and was totally confusing. Not sure why I wrote that, sorry. Late night/early morning post when I should have been sleeping.
The point I was trying to make was that as confidence in fiat currencies and the USD falters and gold becomes more attractive, countries will pull their gold from the Federal Reserve Bank vaults (which some have alleged is not all there) to hold physically, and return the trillions of dollars they hold in Treasury Securities back to the US which will cause rapid devaluation of the dollar.
Great video, probably one of the more simply effective presentation I've seen, I'll be sharing it with my non-economic friends. Here's some interesting insights to what's been going on at "the fraudulent reserve" lately. John Titus worked with Catherine Austin Fitts documenting the great heist.
https://m.youtube.com/c/BestEvidence/videos
Well said, Been there, done that myself. I see the logic and understand the reasoning in the rest of your post, that part just didn't fit. Tks for the link, keep up the good fight.
Yep. It’s all planned and you’ve heard it before. You are watching the collapse of the OLD GUARD and the cabal banking system backed by nothing but debt. A cabal banking system privately OWNED by the Rothschilds, JP Morgan’s et al.
GOLD will destroy the FED. Q
You are witnessing/watching the systematic destruction of the OLD GUARD.
Rubles are bound to Gold at 5000 Rubles per gram, and there are 32 grams per TROY ounce, meaning one ounce of gold would cost 160,000 Rubles, then converting that to US Dollars means Gold is $1600 per ounce when using Rubles, instead of $1,928 per ounce using Dollars.
https://halturnerradioshow.com/index.php/en/news-page/world/it-s-official-russia-central-bank-announced-ruble-bond-to-gold-5000-rubles-per-gram
they'll buy at 5000, not buy/sell at 5000. big diff.
There's a lot of already rich people about to become very rich people.
How much can I get for about tree-fitty?
... not even a tooth...
silver...
That's right, guys. GOLD shall end the Fed, NOT crypto.
insert gold backed crypto
What's the significance of Russia using gold? Is there any likelihood that the American dollar will become useless?
The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.
And this is why Trump and co have not made many overt moves on the stolen election yet. They want this whole demonic system to come crashing down on top of Biden and the swamp. Does a demolition man stand inside the building when he hits the plunger?
This must be very soon as Biden is on his way out.
So what I'm asking is... am I supposed to turn my entire savings account into metal right now?
If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation. An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals. But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
Thx
I have to believe there is a plan in place to protect us from this circumstance. There is no way the plan involves turning 300 million Americans into paupers. There is no way they are going to turn the richest nation on earth into the poorest.
If thats the plan then Id rather die going after the scum with brass and lead. And if the result of the plan does turn us into paupers, then the plan failed spectacularly because there are millions like me that would pick up their weapons and blood would flow freely in our streets. That may be the cabals intent, but Patriots are doing everything possible to prevent this occurring. That is in large part why this is taking so long.
Therefore, investing in precious metals is wise, however you do not need to convert everything you have into gold. If what I believe is true then the Patriots have cleaned out most of the worlds gold and Trumps EO will remove the assets of the richest people and corporations who have conspired in this treason, and there will be some sort of a distribution and currency exchange plan.
For those on a budget silver is a good investment.There is 17 times more silver than gold in the earths crust. The value of these metals should be 1 to 17 or even better considering silver also has many industrial uses where gold does not. At $25 compared to $2000 the ratio is about 80 to 1. Silver is extremely and artificially undervalued.
Once the system crashes what happens to gold price? Up or down? Impossible to know?
Generally up but we are in unprecedented times and the next crash will likely be unlike anything we've ever seen. It will still be better to hold gold or silver than any fiat currency though. What happens to the price is somewhat irrelevant though. What matters is the buying power associated with an ounce of gold or silver. If the dollar tanks, an ounce of gold may be worth $20,000 next year but that doesn't mean it will buy you what $20,000 will buy you now. It will be worth $20,000 because the dollar is worth less. In 2019, prices were doubling every 2 days at the peak of Venezuela's hyperinflation. Those who had their savings in Venezuelan Bolivars got wiped out. Those who had gold maintained their wealth. I believe the only thing that's keeping the same thing from happening in the US is the fact that the world still has faith in the USD. If that changes, things could get messy in a hurry. If Russia is actually doing this, it may be the beginning.
The Fed's actions since 2020 have been so incredibly reckless I feel like the end is near one way or another. The optimist in me feels it will be okay, regardless of your savings or debt. I think there's an even Greater Reset in the works. I think we'll like how this movie ends. But if not.. It can't hurt to prepare accordingly.
Keep back enough to pay bills.
Extra money you don't need,invest in silver. It's a pretty jacked up/ shorted market. Longer term should be very good.
What does jacked up shorted mkt mean? It's expensive right now?
No it's way too cheep,its the only commodity that hasn't gone up I price. The big banks are short on paper several hundred million onces. Every doller silver rises costs them billions,so they short the price down to survive another day. When the price goes down we buy more. At some point it breaks out,might not happen until they are out of silver at the comex.
Goto r/ wallstreet silver and the the comments and DD. Place is really based for reddit,lots of us are over their.
" They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in." I'm confused or ignorant, thought the USD hasn't been redeemable since 1971, when Nixon took us off gold standard, and then into petro $s in 1976 ish?
No you're right, the way I worded that seemed to imply there is still a gold standard and was totally confusing. Not sure why I wrote that, sorry. Late night/early morning post when I should have been sleeping.
The point I was trying to make was that as confidence in fiat currencies and the USD falters and gold becomes more attractive, countries will pull their gold from the Federal Reserve Bank vaults (which some have alleged is not all there) to hold physically, and return the trillions of dollars they hold in Treasury Securities back to the US which will cause rapid devaluation of the dollar.
https://capitalgoldexchange.com/why-are-countries-pulling-their-gold-out-of-america/
I can't explain things nearly as well as Mr Mike Maloney....
https://youtu.be/iFDe5kUUyT0
Great video, probably one of the more simply effective presentation I've seen, I'll be sharing it with my non-economic friends. Here's some interesting insights to what's been going on at "the fraudulent reserve" lately. John Titus worked with Catherine Austin Fitts documenting the great heist. https://m.youtube.com/c/BestEvidence/videos
Thanks, I will check out the channel!
Well said, Been there, done that myself. I see the logic and understand the reasoning in the rest of your post, that part just didn't fit. Tks for the link, keep up the good fight.
Yep. It’s all planned and you’ve heard it before. You are watching the collapse of the OLD GUARD and the cabal banking system backed by nothing but debt. A cabal banking system privately OWNED by the Rothschilds, JP Morgan’s et al.
GOLD will destroy the FED. Q
You are witnessing/watching the systematic destruction of the OLD GUARD.
POWER WILL RETURN TO THE PEOPLE.
Q
Yes, which will usher in GESARA. This is why everyone should start converting funds into precious metals.
yup this exactly {the american dollar cant say but the federal reserve note will be toast}