shakergt
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It's hit $4000 an ounce
$4000 an ounce
- Thread starter shakergt
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And rising!
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Over $4020 now and the US markets are not even in action yet.
Most unusual to have such gold firmness in just the European trading session.
Should be an interesting trading day in the US, who know much further the price can go tonight.
Unless the paper gold casino operators flood the market with futures contracts to drive the price down for a while.
Interesting time we are blessed (or cursed) to be living in, as we witness the dying days of the western Petro Dollar as the world reserve currency.
Most unusual to have such gold firmness in just the European trading session.
Should be an interesting trading day in the US, who know much further the price can go tonight.
Unless the paper gold casino operators flood the market with futures contracts to drive the price down for a while.
Interesting time we are blessed (or cursed) to be living in, as we witness the dying days of the western Petro Dollar as the world reserve currency.
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What's happening with the Western Petro Dollar?
Dave's Office
Have Detector Will Travel
I read an article recently that stated gold was taking over as the standard for which wealth is measured. The article stated that Asian, European and Arab countries were selling their stockpiles of American bonds and investing their American dollars into gold.
China used to have a mountain of US bonds that they'd accepted in payment for their exports and were by far the largest holder of American debt 10+ years ago. They've been selling those down for some years and now I believe Japan is the biggest US creditor.
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lots are realizing physical gold is way better than paper
Its past its use by date and is currently on life support, it will soon fade into history as have all the other world reserve currencies in past history.
What's the current US debt?
I think I read somewhere that it in the $30s Trillions and going up at a trillion dollars every few months, with US unfunded liabilities of over $200 trillion, this cant go on for much longer.
What gold is telling us is that the practice of creating money out of thin air by the FED and other central banks is not a sustainable practice and gold is taking over as the worlds premier currency.
The BRICS nations understand this and are working on a common currency with some gold and other commodities backing it.
All the current Ponzi schemes such as share markets & cryptos will crash in the next few year as will the absurd real estate markets.
People who hold these items as their main source of wealth will see their wealth disappear before their eyes.
Gold will shine in this environment as it the only form of honest money that God has given us, and it will retake its former number one position, as the world is forced back on to the gold standard.
I hope someone took my recommendation to buy some poor mans gold (silver) if you cant afford gold.
It had strong day on Friday, up about 7% to over $50 Aussie Pesos per ounce!
It seems to have broken the resistance levels to the upside and it could be starting a bull run too.
Interesting times indeed.
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it certainly has had a dose of Red Bull caus it's got wings
Seems like you're misinformed. They're actually working on an independent digital payments system, based on their individual national currencies, so they can avoid the long-established but Western-controlled SWIFT inter-bank payments system:
Yup crypto is the future if you like it or not..
I think you are the one that is misinformed, grub.
I could post hundreds of YouTube video's going back many years talking about this very subject.
Look them up and educate yourself.
Just because they have not yet reached consensus about how to implement the gold backing does not mean it will not be happening in the future.
Why you think they are purchasing all that record amounts of gold ( and now silver ) maybe because they have too much free time on their hands?
Yes cryptos is the money of the future for the moronic majority keep loading up.
So said JP Morgan one of worlds greatest central banksters when forced to testify under oath to the US Congress.
It much have been such a shock to his system to have to have to tell the truth because he died not too long. after.
Its the only time I have ever heard of a central banker telling the truth, usually they tell you lies like "we wont be increasing the interest rates any time soon" go out and borrow as much as you can!
The reality is that your "hundreds of YouTube videos" are all about simplistic wishful thinking. Generations of people with a poor grasp of economics, have settled for muddled ideas about a gold-dependant future, without bothering to look into how poorly that idea worked in the past. Telling me to "educate myself" shows only your own attitude problem.
Whether cryptos is the answer, remains to be seen. Your "moronic majority" slur does you no favours, that's for sure.
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