Russia confirms that they are launching a BRICS currency backed by #gold. The US dollar is in trouble
(twitter.com)
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Gold will destroy Fed. Kek
I have a theory that white hats have big quantities stashed. Once the change to BRICS is made US gold May trade huge vs the dollar (devaluation ) Even the cabal that owns some gold is sitting pretty. “Our $2000 ounce gold is now $200,000! People with no gold are poor! Haha! Just what we wanted!” Because of this items that once cost $5 now cost $500. Your $100,000 savings now buys $1000 dollars of goods comparatively. Gold holders lost no money in the devaluation.
Then hats whip out their bazillion ounces and flood the US market with gold making the value of gold to $200 an ounce. Items that cost $500 now cost $ .50.
The cabal is now poor. Those of us that had a bit of gold made it through fine because we spent the gold during the rise.
Kek
What about silver
That's what I wonder. I've stacked a very modest amount of silver, not as an investment, but as a hedge against currency collapse. But that will only last me for a finite time... it depends on how long the financial collapse goes on.
If you go here -- https://www.kitco.com/charts/livesilver.html and here https://www.kitco.com/charts/livegold.html -- and compare silver and gold charts for 5 years and 10 years, you'll see that the two metals fluctuate in value in almost parallel ways. Gold goes up, silver goes up...gold goes down, silver goes down.
So I would imagine that in any scenario where gold would be a means of paying for things, so would silver.
Good. Been stacking silver for a year and put a big chunk of savings into it.
I'm kinda thinking that when SHTF money in any form except food and medicine will be useless. You can't eat gold or silver and the dollars will only be good to keep us warm.
This is a common belief, but I don't subscribe to it. There will always be those with more than they can consume/use. They don't need more food. It will just spoil. Some believe only land will be valuable, but land needs to be defended, and there is a limited number of people anyone can trust.
So even if it really got to this level of SHTF (which I think is unlikely), there will still be someone who is wealthy willing to trade excess food or land for gold....or weapons. Shiny rocks don't expire, and are relatively easy to protect. There will be a market. It won't be me making that market, but I'm sure there is someone out there who is beyond self sufficient and ready to take advantage of that.
Maybe... but humans are forced to acquire resources -- food, shelter, transportation -- by our very nature. Some will resort to crime to get theirs, others will barter, others will do unscrupulous things to get what they need. Silver and gold will most certainly be one way of obtaining things, because whoever takes it in trade will then use it to acquire other things. Humans are economic beings, whether we trade in grain, trade our skills for things, or hunt or fish to provide for themselves and others.
Economics is built into our DNA...trading one thing for another. Westerners are just used to trading currency for their needs and wants, but the history of mankind has a much longer trait of bartering -- and of raiding and stealing -- to get what they want and need.
Be prepared to repel robbers with extreme prejudice, and treat others as you would have them treat you. We'll get through this, but a little silver and gold will make our lives easier than those who did NOT prepare for this moment.
I would love this. I am just worried i get that vast amount of wealth on say a monday, and spend a week thinking what to do with it and then on the following monday gold is cheap again lol.
I don't look at silver & gold as "investments" to be bought low and sold high. Nope, I just acquire small bits of it over the years, stash it away, and try to forget that it's there... until I need it. I have absolutely NO intention of selling any of my metals in the traditional "investment" sense.
It is solely as a hedge against what I thought was coming for many years... currency collapse and hyperinflation. When the dollar is worthless, gold and silver can be bartered for basics. We also should all be gathering and stocking lead... it comes in denominations of .22, .38, 9mm .45, 5.56mm, and .308. You will need the lead to protect your gold and silver.
Also 7.62x39.
Which is now investment grade because its price is higher than 556 rounds.
That's weird, but hey, I bought up Chinese and Russian surplus back when it was cheap and widely available. Wooden boxes of the stuff.
You are correct in every respect, TNBanjoMan.
Thank you, patriot.
All my lead was used for fishing. I have none left. Zero, zilch. Nada. I buy silver more as a "give to my kids" when i pass. If the need to use it prior comes about then so be it. But im giving it to them. I agree with you 100%. My comment prior does seem lije i am using metals as an investment and it was not my intention.
eXactly!
(Having a prime piece of real estate picked out and be ready to move on it quickly and get it "locked in" seems more and more like a wise move)
Theoretically, I could use gold to immediately pay off mortgage, and any other loans, and then sell the gold for dollars while I hunker down and eat raman noodles, and wait forgold to come back down and inflation to evaporate, and then be a millionaire.
I got a piece of mail from a gold company asking me to tell my senators to buy gold, and that other states are buying and holding it now.
We have landscapers in ohio that Only take silver
Oh, seriously? Tell me a bit about how that works?
That's what the owner of store where I buy metals at told me I would imagine based on daily spot silver or silver coin prices...little store by me said they will take silver
WOW, that's so interesting.
So the Cabal-Obama-Hillary plan to destroy America has almost succeeded. I don't care if they can't "walk down the street".... I want them to not be able to breathe air.
i want them to walk down the street long enough for me to rob them.
In all honesty the dollar collapsed sometime ago. It collapsed when we first went off the true gold standard to finance WWI. It has continued its collapse notably since 1971, where 1 dollar today is worth about .13 cents of 1971 purchasing power. Today’s dollar is worth about .03 cents of 1913 purchasing power (Thank you Fed Reserve). Gold over time has held it’s purchasing power pretty consistently. 20 ounces of gold would buy you a new car in the late 1920’s. That same 20 ounces will buy you a car today. 1 oz would buy you a tailored suit of clothes in the 1920’s. That 1 oz will do the same today. Regardless of the dollar collapse, history does not seem to indicate those holding gold will become rich overnight, or even over 50 years. It does indicate gold/silver will hold value over time while the dollar completes it death spiral into being inferior toilet paper. Now if you are paying off a fixed rate mortgage, holding gold will make you very happy.
Holding physical Gold and Silver is not about getting rich or even investing. It is for long term preservation of wealth. That’s why in your examples the same oz’s buy the same goods but the ratio of paper dollars do not. The gold held its value while the paper lost 98% of its value. Derivatives are for investing. At least until those too, lose their value. Anything backed by paper, stocks, bonds, etc. is a derivative and when the SHTF all their combined value falls into gold.
https://youtu.be/6-kAz2dnN5Y
Which is why this week NATO is have a meeting and Ukraine wants in. If that is allowed to happen then the US and rest of NATO gets to dog pile on Russia probably before the ink is dried.
It would be hilarious to see them try.
How do you 'pile up' on the biggest nuclear superpower on the planet, that also has escalation dominance and superiority in conventional weapons?
Meanwhile you have 30+ nations with LGBT armies, expended ammo supplies (they sent them all to the nazis), ineffective weaponry, and the head honcho is across the ocean and needs to transport troops & supplies to the theater, while zircons and nuclear torpedoes exist.
This is not WW1.
Good, I never thought I would see a time come when Russia was leading the charge to preserve the independence of Nations from Global World Dominion.
August is traditionally a HOT month.
u/#q3529
u/#q3570
I was wondering what preserves the value (vale of one commodity vs the other) and came up with these thoughts:
Gold
The amount of gold in circulation remains almost constant.
Small amount of new gold is added to circulation every year through gold mining, but it’s a small % of the total already existing.
The existing gold retains its function for many years.
Real estates
The number of flats/houses in use remains almost constant.
Small number of new flats/houses is added to the market every year through construction but it’s a small % of the total already existing.
The existing flats/houses retain their function for dozens of years.
Real Estate to Gold Ratio:
https://www.longtermtrends.net/real-estate-gold-ratio/
BRICS will remove the US Dollar as the global reserve currency. BRICS populizes the global economy and since the global economy is gold backed the Rothschild family is completly broken and the global push for currency dominance by the DS no longer serves a purpose.
Trump already has secured the US gold supply to back the US Note which will replace the US Dollar
So this will have to revalue gold from its controlled price by the west. I don't see how this will work unless gold goes up in value. I guess in dollar terms it would have to go from $2k to 10k, 20k?
Any finance guys who want to set me straight?
I would not value gold in terms of the dollar. Hypothetically, gold could go up to $100,000 an ounce, but this will be pretty meaningless, as the purchasing power of the dollar will be next to nothing. Most likely that 1 oz of gold will still buy you a tailored suit, just like it did in the 1920’s. The value of gold should be based on what you can trade it for, true purchasing power. The relationship of gold to BRIC’s should reveal the same tradeability or purchasing power of gold (value).
Keep an eye on ONE thing:
Will the federal government (or possibly Federal Reserve) pass any laws or regulations to prevent Americans from buying BRICS currency or trading instruments?
If not, we can protect a US dollar devaluation by diversifying into the BRICS currency.
But if the government acts to prevent that, then millions of Americans could be destroyed financially.
The remedy to this is for individual States to use their authority to allow BRICS currency and trading in State-chartered banks, and if necessary to operate outside of federal regulations.
After all, the US Constitution REQUIRES that each State may ONLY authorize gold and silver as currency. The States have been derelict in their duty for decades, but some of the more red States will be able to correct that mistake.
Russia is not Libya or Iraq.
It can defend itself, it has, and it will.
When was the last time an invasion of Russia succeeded? They tend to end up at the aggressor's capital.
And Napoleon & Hitler had real armies, not LGBTQ parades.
"...bad idea..." For whom? The Western allies have tried their damned best to impoverish Russia and isolate it, and now they simply find new allies and have a gold-backed currency. It's a "bad idea" for the West, to be sure. Our gutless, Communist "leaders" have allowed this to happen... in fact have MADE it happen.
We are in the end stages of The Great Awakening... what comes next, I suppose, would be the Great Reckoning.
The French Aristocracy never saw it coming either.