Gold destroys FED
(media.greatawakening.win)
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all countries have their own gold too right ?
Almost all have gold, just not enough. Now I believe that Russia has enough to make the switch and China has been on a gold buying binge for several years. But China will have to do some fancy dancing because their economic system is teetering on collapse.
There is enough gold. They can make the gold/dollar ratio anything they want.
Sure, sorta, but at some point it get's ridiculous.
According to the official narrative, there are about 8,133 metric tons of gold in U.S. reserves. I doubt that is true, I think it has been mostly moved into private bankers hands, but we'll go with it. There are 32,150 troy oz. per metric ton. That means there are, in reserve:
8133 metric tons times 32150 troy oz/metric ton ~ 261 million troy oz.
As for the total money that exists, the official number (not that I trust it, but we'll go with it) is between 40 trillion (narrow money), 90 trillion (broad money) or 1.3 quadrillion (derivatives, investments, etc.). With the amount of naked short selling, I wouldn't be surprised if you could double or triple that, so upwards of 4 quadrillion.
Putting this into perspective we get one U.S. gold backed dollar is equal to:
These numbers don't mean much, so let me try to put it into something that makes a little more sense. Here is a picture of 1g of gold. It's not the best picture since it doesn't show the whole hand, but it shows that it isn't very much. Carrying that around, it would be pretty darn easy to lose it. But let me give you an idea of what one U.S. gold backed dollar would look like:
Even with narrow money, think about dividing that gram picture into 5000 parts, then try to find it in your pocket. With short sales, divide it into half a million parts. It's almost easier to start measuring dollars in atoms of gold.
That 1g sells for about $130. This suggests it should be worth between $5000 and $500,000 if we were to move to a "gold standard" as things stand today.
For reference, that translates to between $150,000 and $15,000,000 per troy oz in today's money.
This right here is correct. It will have to be over 10,000USD per troy ounce most likely because they printed so many USD. I really don't understand why so many people say "there isnt enough gold"
Wish I had more gold. I hedged my be with some silver too. Would be nice for them both to take off. They have printed both gold and silver in the paper market.
Theoretically, but a very high price would have a very bad effect on the gold jewelry business and the electronics business.