Posted on 05/21/2022 8:09:25 PM PDT by SeekAndFind
Well, By Gum China and Russia may have lots of gold and Russian has lots of oil but the United States has the finest & fastest currency printing presses in the world and Joe Biden in charge of the pressroom.
So There
So basically we’re screwed.
Something significant is left out of this piece.
US gold holdings. There is substantial reason to consider that the actual amount of US gold reserves is much less than claimed. If the dollar crashes and that is proven to be the case, we are in the soup.
We have the best propaganda mass media in the world so the plan is to try to bluff everybody as long as possible with our bull&^%^$.....and name calling and finger pointing....
RE: So basically we’re screwed.
OK, the Dollar hegemony is ending, which fiat currency does the world flock to? There are only a few major ones I can think of:
* Chinese Yuan
* Japanese Yen
* British Pound Sterling
* Euro
Any other major currency? Russian Rubles? REALLY?
I wish I had $100 for every article I’ve seen over the years touting the end of the dollar. I could retire early.
Nice to see your reply.
Methinks we’re up Biden Creek...
It is like a game of poker where everybody is cheating.
The biggest cheater may get removed from the table, but it is still a big mess.
Be back bump
Maybe..but as to stockpiles it is IMHO there is more physical gold then silver now...
Increased Demand
Silver differs from gold in several important ways. Most notably is that unlike gold, silver gets used up and is then gone forever. Almost all of the gold ever mined in mankind's history is still here. We don't really use gold for anything other than money or as a store of wealth and for decoration like jewelry. Silver gets used in all kinds of industries. It's natural antibiotic properties make it a wonderful instrument in the medical field. It is used in military applications; it's used in all kinds of electrical switches, relays, and batteries. It's used in water purification systems and paints, and as a primary component in the photographic industry. Silver doesn't corrode and has excellent thermal conductive properties. Silver, like gold, has also been used, [and continues to be used] as a monetary instrument for centuries. Moreover, as India and China continue their unparalleled advance into joining the ranks of the industrialized world, the situation will be further exacerbated.
Do your own DD
“Russia has over 2,300 tonnes—or nearly 74 million troy ounces—of gold, one of the largest stashes in the world.”
That may sound like a lot but at today’s prices that’s only about 150 billion dollars. A drop in the bucket in today’s economies. The US GDP alone is about $20 Trillions!
And......what happens next?
“Here’s What Happens Next”
—
When you see that phrase you can always be certain it’s a come-on by somebody trying to sell you something or other. It’s become such a cliche I never need to read any further - it’s an ad, like “Wait! There’s more!!!.....”.
Senile Joes historic sanctions, weaponizing the USD, put the nails in our economic coffin. Question is was it one of his normal brain dead blunders? …
Or designed?
Texas moved it’s gold reserve from the NY banks.
It has a gold repository in Texas now.
Any other major currency? Russian Rubles? REALLY?
————
Yes really, now at a 7 year historic high, 26 percent increase in just Three months. They linked the Ruble to gold and their Ruble is backed by the worlds largest commodities reserves.
Doubting Thomas’s can get back with us in a year. The USD has been dethroned, prepare accordingly.
Actually I stated that wron.
Texas sold it’s gold reserves in NY Banks.
And they repurchased gold from the proceeds for storage in the Texas Gold repository.
It was not the same gold held in NY.
RE: Yes really
So, that means every single transaction ( even commodities and products not energy related ) will be in Rubles?
OK, I will bookmark this page and see how your prediction makes out in a year regardless of what happens in Ukraine or Putin.
Do you know if that has been completed?
How much physical gold is involved?
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