I’m not a gold bug, but the counter argument here could be that precious metals are heavily controlled. Many multiples of metals on paper exist in the world than physical exist. With that much leverage, London can set the price of gold to whatever they want (until the financial scheme unravels). And it won’t unravel unless the system topples, probably wouldn’t even if the all the gold holders demand delivery. And if that’s your premise - the belief that the system cannot cold, I think it’s fine to hold, especially physical. In that situation, Gold/metals would skyrocket 10s of times over.
And yeah, bitcoin looks great. It’s been less volatile than sovereign currencies lately. More transparent than gold at least. I’m curious how a collapse treats it.
Fast forward this to 17 minutes in, and listen to what he says about gold, it was interesting to me. Russia said a few weeks ago they're considering repricing gold. He says if they've announced they're "considering" doing it, then that pretty much means they've already made the decision and just waiting for the right time. If they reprice gold to a higher value then it will be instant arbitrage as people scurry to buy up available gold in the West, and then resell it for a higher price in the East.
I’m not a gold bug, but the counter argument here could be that precious metals are heavily controlled. Many multiples of metals on paper exist in the world than physical exist. With that much leverage, London can set the price of gold to whatever they want (until the financial scheme unravels). And it won’t unravel unless the system topples, probably wouldn’t even if the all the gold holders demand delivery. And if that’s your premise - the belief that the system cannot cold, I think it’s fine to hold, especially physical. In that situation, Gold/metals would skyrocket 10s of times over.
And yeah, bitcoin looks great. It’s been less volatile than sovereign currencies lately. More transparent than gold at least. I’m curious how a collapse treats it.
Gold is just flying out of the comex,when they have no metal the price they set means nothing.
People who have metal for sale will set the price.
https://podcasts.apple.com/us/podcast/x22-report/id1507444393?i=1000578988259
Fast forward this to 17 minutes in, and listen to what he says about gold, it was interesting to me. Russia said a few weeks ago they're considering repricing gold. He says if they've announced they're "considering" doing it, then that pretty much means they've already made the decision and just waiting for the right time. If they reprice gold to a higher value then it will be instant arbitrage as people scurry to buy up available gold in the West, and then resell it for a higher price in the East.
This explains how gold was manipulated against us in the past: https://odysee.com/@KnowledgeBase:e/Bill-Still-The-Money-Masters-Full-Documentary-1996:7