I was listening to Kinesis: Andrew McGuire on his latest podcast on Gold.
It is interesting to listen to this particular one as he divulges some of the information he got from among others, his Chinese Liquidity Providers.
- First thing to keep in mind: Gold has once again become a First Tier Asset for central Banks, and no longer is the old relic, as Bernanke, the former FED chairman had put it. And right on cue, before 01-01-23, the BIS cleared all it's positions on gold' s price decrease
- Together with the back door inside the COMEX Casino, meaning the speculative paper market, gold has become a competitor on the currency markets once again.
- We are in the process of seeing a Glasiev commodity / Gold back currency system, where Russia pushes the direction, and China plays a supporting, yet very important role, as liquidity provider (6 trillion dollars in foreign exchange currency!).
- The FED continues to bet against gold. And there is more and more distrust about the quality of the declared 4000 tons the US claims to have.
This together is sparking of course further de-dollarization. But take note of the SIZE of it. China and Russia together: an estimated 80.000 tons of gold. At the same time, this is the perfect setup to re-value Gold at a moment' s notice.
Remember that claim of mrs Halper, concerning those 650 plane loads taken from the Vatican? Who would take it?
Consider:
- 1775 saw the establishment of Benjamin Franklin' s Post-Office in Philly.
- Only then a sovereign debt of 1.6.Million Gold Louis was commenced.
- Then the CONTINENTAL Army was created (NOT US ARMY!)
- Then the US Federal Government was created by the Articles of Confederation and superseded by The Constitution for the united States of America in 1791 and THE CONSTITUTION OF THE UNITED STATES OF AMERICA in 1871.
So, question: Who did take those 650 plane loads of gold?
I leave that question lingering, for now. But let' s go back to the Fed. As said, the FED is continually promoting and engaging in paper-gold-price rigging while at the same time being subject to multiples of ownership claims on the gold they claim they have, yet, when it comes to inspection, the actually make it impossible to see it, and reclaiming 300 tons of gold, like Germany did, took 10 years to be perfected.
Let this sink in a moment. You go to your bank, you want your money, and the bank says, "Thanks for your order, go home, and wait for our call for delivery. And you have to wait 10 years. How would you feel about the quality of such a bank?
In reality, if you now try to withdraw certain totals of Federal Reserve Notes, you have to:
- give advance notice
- divulge the reason for needing such a sum
- potentially have a suspicious transaction notice glued to your ass
- wait for days or even weeks.
What does that tell you? And Federal Reserve Notes can simply be printed!!!! Compare that to gold!
Let' s discuss one of the more famous Q posts:
u/#q2619
Can you see a picture emerging? What shall destroy the FED? Gold. But how? Of course at the current paper price in Federal Reserve Notes, that would not do. You would need a revaluation. How would 5.000 US Dollars in Federal Reserve Notes sound? Or 30.000? When as a speculator you are on the wrong side of the deal ... meaning, you are betting against gold. So, you bet that your gold price goes down, and for every $ the price goes down, you pocket the difference. What happens when the other way happens. What happens when the price rises suddenly?What happens to your equity? What will happen to the wrong-footed FED?
Now, what might trigger such re-valuation?
According to other reports, there are at least 24 central banks hoarding this old relic. And the BRICS group is growing. Could such a revaluation be put into gear in order to put an opponent a cog in the wheel of the opponents economy? Would it cause such a domestic disturbance, that effective military adventures cannot be persecuted?
Take a look at the gold graph here at tradingview.com: Plot a vertical line at 01-01-23 as that is the NFSR compliance/gold 1st asset line. Compare to 2008-2011. What do you see? Remember, this is still the speculative Comex Casino run by the FED and & Co.
So, what happens, right before an event?
The we have another question" Who is the opponent?
Perhaps an historic guy from the 14h century puts some perspective on this question:
Nicholas of Oresme warned of the consequences of inflationary state financing "If, on the other hand, the prince has the right to make a simple change of coinage and to make some profit from it, he may also have the right to right to make a greater change and make a greater profit; and to do this more than once and again to make a still greater profit...And And so the prince would eventually be able to take almost all the money or wealth of his subjects and enslave them. And this would be tyrannical, indeed a true and absolute tyranny, as the philosophers and the history of antiquity history of the ancient world."
So, what is the incentive to take control of the money supply and manipulate it? What is the advantage of the make belief that paper means something? Who is benefiting?
As a corollary to this, I'd like to know what silver is going to do too.
Expect it to be ranging between 20 and 25.
Gold will ascend, no doubt about it. If you look at the AU/AG ratio in the past: check for 140-148.
Meaning, 2800 - 3200 for AU would not be unthinkable in the coming 3-12 months, as now Silver is the monetary metal they can still fuck around with. Silver has been carrying the brunt of the shit of the Bretton Woods system.
However, when that bubble burst ....... it will be very rapid: 200 Silver would not be out of the land of probability.
One website I saw last year suggested even $1,600... but unless America adopts a real currency backed by gold or other precious metals, I won't sell mine ANYTHING!
Effectively, it could be 50.000 Dollars or Euros. Paper does not mean shit if it does not provide ownership to factual assets. ....
Silver to gold ratio historically has been 15:1. That’s based on its relative availability in the earths crust. Been that ratio for thousands of years before central banks. It’s over 80:1 these days so the best thing to buy is silver because that ratio will need to close and so effectively you are buying gold when you buy silver, you are just taking advantage of the fact silver is a smaller and more manipulated market to buy gold at a massive discount.
You are ignoring the energy side of the equation. One needs to move 15x the earth, one needs 15x the storage, progressing, trucking
Huh? Ignoring the energy side? Not following what you mean.
I explained. You need to dig up 60x silver, haul it, sort it, process it, refine it, ship it etc. you are not including this in your very rudimentary justification as to the discrepancy of price between the two metals. That may change at some point but for bow it must be considered
Silver’s low ratio is based on it being a smaller market and easier to manipulate the price by selling future production at a loss. Most silver is a by-product of other mining operations. There are 1.5 billion ounces of demand for silver but only about 800 million ounces produced each year. You can’t have any electric cars, solar panels, electronics, without silver and the prices are too low to make it worth recycling. Silver is the most undervalued asset on the planet. Likely there is more gold above ground than silver. It’s actually coming out of the ground at 8:1 to gold these days so 15:1 is probably too high. Maybe 12:1.
Agreed. You can see this relationship play out till 1944 and even till 1969. So, what makes this dislocation? It is only in the Casino.
The most egregious point in time was when Gold could be obtained against 140 ounce of Silver. Why was that? It was not because of the breaking of the natural relationship. It was because of fiat currency.
This beast allows All kinds of things, including Covid, the size and eminence of the trafficking and sexual abuse, the welfare and warfare spending.
It could be argued that there is a generation of people really hating gold and loving the digital version of paper currency. Imagine a group, so dislocated from reality, they would fight to keep their illusions.
I believe it too is manipulated big time. Look how much it is used in technology. I have a little gold but much more silver for the obvious reason, it's much cheaper to invest.
Same here. I've been "stacking" silver for many years now. I scoop up cheap pre-1964 US coins when I can find them at flea markets, gun shows, etc. Sterling silver flatware and service things like tea pots etc. when I find them cheap, like no one knows what their real value is.
"training exercise "
This is almost too much for this redneck to comprehend. But thank you for your explanation. I will try my best to understand and hope to sleep tonight.
ask away. That's what we are here for.
Difference?
FED = Foreign Exchange Department?
So what would that mean ?
No clue, I was just wordnerding that Federal Reserve is not usually written as FED like an acronym, and there's no "the" in the Q drop