Spot Gold
This page displays charts of the current price of gold, otherwise known as the spot gold price. The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a cons...
Let me introduce you to Road To Roota
This guy started digging into gold prices more than 20 years ago and uncovered so much. Its fascinating. To summarize, its basically a mix of short selling Gold ETFs, shenanigans at Comex (like not having actual physical gold to back up the contracts), to and fro sales between different Banks to subvert free market pricing, and of course target anyone who might want to make use of the artificially low priced gold by buying it in huge quantitites (like Hunt brothers) so that it can never be exposed.
However, this guy also has extensive content on "Road to Roota" - a comic book put out by Federal reserve (yes, that is correct).
The "to and fro" selling is the same method as the "ladder attacks" used by investment groups to artificially devalue the price of a target stock. We've seen it used against GME and DWAC, but the trades occur rapidly and in seconds. The fact that the SEC allows this to occur is proof that they're in on it. See what the SEC would do if it was used against BlackRock.
SEC is just one wing of the mob enforcement.
I think the book put out by the Fed Reserve is properly called "the road to root us", but I'll accept road to roota.
I know you are joking but just to be clear, title says roota, and that itself has some conjecture as to what it stands for.
As for whether it is intended to root us or surprisingly something else, i will leave it to you to infer, but it’s anything but straightforward
Whew. you had me worried there for a minute.
Found a rather interesting article about who I assume is the owner of that channel.
https://financhill.com/blog/investing/bix-weir-road-to-roota
Thanks for that.
17 years, eh?
kek
roota is ROOTA which is a computer programming term (fortran I think, or assembler). Anyway the thought process is that Alan Greenspan and another guy (forgot name) were the first to program computers for stock trading. There us a bunch more info you can dig up if you wish.
Yeah I have watched road-to-roota and read the comics. I never bought the ROOTA being a programming terms as the main comms here. It probably signified a lot more that we comms-unaware people would probably will not be able to decode, especially after such a long time.
As for Alan Greenspan, I went from a bluepilled software dude in dot com era who thought he was a hero, to hating him to now questioning whether he was indeed a white hat.
I have read his autobiography, and all he focuses on is his background in arts and how he was living a poor student life before suddenly jumping into Economics. I could never find any connections to programming or early computing or anything like that but I wont rule it out.
All that said, I have no doubt that the processor technology was released to public because they wanted to build up the algorithms to control the market.
The timeline is too good. 1971 - 1973 seems to be a very powerful transition time in the Cabal's financial structures.
1971: End of Vietnam war, End of gold backed US dollar, Start of Oil shock, Start of Roe vs Wade First ever processor Intel 4004 announced
1973: Petro dollar emerges Roe vs Wade decided in an extreme ruling forcing all states to allow abortions First ever programming console for Intel called Intellec released
There is too much to analyse here but in summary: Abortion was needed to allow immigration.
Immigration was allowed to build the computer technologies
Computer technologies required to build the algorithmic markets
Market algorithms required to create the illusion of economics while fraudulent fiat USD is shoved down the whole world's throat via Oil control.
Is it guaranteed that if the dollar was backed by a quantity of gold, that the value of gold would rise? Or is it that you should buy gold and even silver to ensure you own something when the dollar is worthless? I guess #2 and hope for #1?
gold/silver have real value regardless of what happens to the dollar. the BRICS coalition is making sure that the value of gold/silver will have it's proper place in the world soon. at this point, it seems more a matter of when, not if, that the price fixing of gold by the west will come to an end.
People need to remember what money actually is. Book keeping, a promissory note, something to be exchanged. Instead people think of money as the end all be all goal, and when they lose money and in return get something like food or a TV they are upset about losing so much money. Having a bunch of money doesn't make you wealthy, only the things you can buy with money make you wealthy.
Really fiat currencies are a rather genius way of stealing the actual wealth from a population who has confused the promissory note with the item promised. They can infinitely print money and keep using it to buy up all the actual wealth from idiots like 99% of the world who thinks that money has some kind of inherent worth. It's an amazing deal for the people printing the money, they part with something totally useless and in great abundance (a sheet of paper already covered in ink, not even a promissory note because it isn't backed by anything tangible), and in return they receive our land, our food, our TIME. It's nuts!
Until people remember what wealth actually is, IMO it doesn't matter what you use for money, eventually you will end up in a system like we are in now where a small amount of people have gotten together and realized that 99% of the world are complete idiots and would rather have a sheet of paper that says they own something then actually possess said item.
I have 1 oz of placer gold, but am considering switching to stacking coins, bars, or rounds. What option of the three do you folks suggest for easy tradability to whatever our new currency ends up being? It seems there is quite a markup for smaller weights, so am looking at 1 oz gold coins, bars, or rounds.
I have a CC coming that gives 4X% points on gold bought from the merchant plus 150 dollars worth of points on first 1,500 spent. That should get me @ about spot for the first coin.
Check out if the credit card charges interest on gold. Gold purchases are considered money withdrawal on my credit card and interest starts accruing immediately. I would call and ask if there are fees when gold is purchased.
Yeah, will check that on my non-gold dealer cards. Bullion Card 0 interest 1 year.
What about the American goldback from Money Metals Exchange? Each note has embedded 1/100th of an ounce of gold. Pretty cool honestly.
Will check that out!
Consider silver as an important adjunct to any gold you buy. Gold, for more long-term preservation of wealth, but silver is definitely the way to go for easy tradeability.
In silver, get a certain amount of "junk silver", coins that contain a high percentage of silver when they were minted - pre-1964. Pre-64 dimes, quarters, etc, have around 90% silver content. Will come in very handy if (when) the currency collapses under hyper-inflation, and precious metals soar.
Next, 1oz silver rounds. A whole lot of them, then some higher denominations, like 10oz and 1kg, etc.
The markup you reference is the "premium" and it covers the cost of minting, transport, storage and retail, etc.
Note: Gold is now at an all time high, and rising more each day. Move quickly.
Thanks, good info!
I should mention that a LOT of silver has been snapped up in the last 6 - 12 months. It's becoming scarcer, particularly the junk denominations.
If you are keen on this area I recommend watching some videos on "silver stacking", via youtube. As censored as Ytube is, there is a lot of content that can be used to our advantage.
Buy the one you fancy the most, if the premium isn’t absurd.
If gold skyrockets it wouldn’t really matter what you own, gold is gold.
If gold 10x, you wouldn’t sell your ounce coin to a street vendor, would you?
And any serious LCS would now the value of what you own, so buying because of recognizability is a non issue for me, so I stick with the cheapest; uncirculated 1oz bars from Valcambi Suisse.
I also have a few 2 and 5 grams to use if I only need to change “smaller amounts of “money” wshtf.
Be aware that the premiums on smaller bars/coins can be pretty high, so snoop around a bit to see what’s the best offer, maybe the 1/10th oz Maple Leaf or Krugerrand?
Good luck, and remember that even if gold doesn’t skyrocket during our lifetime, you might have secured your kids or grandkids future.
Good info thanks!
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