Re the Gold.
No audit of any kind ever…and when the Krauts asked for their Gold back, it took 3 yrs and most of the Bars were brand new.
Re the Gold.
No audit of any kind ever…and when the Krauts asked for their Gold back, it took 3 yrs and most of the Bars were brand new.
I sure hope the US still has that 8,000 tons of gold, or at some point in the future things will be much worse. I suspect that much of that gold is gone although I don’t really know.
The only thing that bothers me, is my observation of so many things going into reverse, one by one over time after 9/11 and 2008. The 1913 US Dollar has already in a sense collapsed lost tons of value since 1913 when a person can support a family on $2.50 per day, $5/day you were very well off at one time.
So, a reversal or failure of the Federal Reserve system, and being the USA allegedly owns 8,133.5 tons of Gold, far more than any other country, the Fed could at the last minute before or during collapse, add Gold backing to the US Dollar.
In other words, restore its original value, make the Dollar very valuable and wanted “for investment or hoarding under the mattress” again. No interest return needed. Like when my grandfather had cash hidden all over the house, under carpets etc. It did not lose value.
One time my grandmother threw out a newspaper that he had cash hidden in it. He was pissed. LOL. Another time big family holiday weekend get together. Card playing all night, in the kitchen dining room and basement. My brother and I were snooping around. Chuck found a hand full of cash.
So he goes up to my mother while shes playing cards, and quietly tells her he found some money. She was not paying attention to him. But finally she did, and my grandfather heard it. Started fuming. Where’s the money? He said I’m not gunna tell ya. LOL. He did eventually give it up. Like a dog with a bone.
They all played with silver coinage and silver backed US Dollars. A new 1950 Chevy was $1000. That is what we may see again. With a restored US Dollar. Not a Chinese Yuan. They only have 1,054 tons compared to our $8,133.5 tons.
Mr.C
INFOGRAPHIC: Unearthing the world’s gold supply – MINING.COM
The interest payments on the national debt are going to seriously lessen the amount that the gov can pay for it’s various programs. Eventually this is going to cause the dollar collapse and replacement …
Amusing they announce lower inflation numbers, and all the inflation hedges make upside break outs.
Actually the Dollar is backed by the ability of the gov’t to collect taxes. But if we look around and see a $30 Trillion national debt, its obvious, the “ability” is somewhat hampered. And they need to borrow to pay the bills.
but gold and silver are having none of it.
So far. See what happens after the first hour.
Been a long time since we’ve had rallies that could even be in a position to challenge.
Russia announced that 12 more countries want to join BRICS+
All of them will move away from the US dollar for trade. The new joint reserve currency will be backed by real assets.
Xi Jinping meeting with Saudi to seal the deal. The multipolar order is taking shape, fast.
— Kim Dotcom (@KimDotcom) November 10, 2022
⚠️ This is the start of the Fed pivot. The breadth of US CPI is down sharply and moving back to a level that isn't showing 'scary' inflation. This is what matters for the Fed. One data point doesn't make a trend… but chart below shows we're moving in the right direction $USD pic.twitter.com/cRlc0vki7t
— Viraj Patel (@VPatelFX) November 10, 2022
The cooler than expected CPI print sparked the somewhat expected chaos in markets as Fed rate trajectory expectations puked dovishly. Fed terminal rate has plunged back below 5.00% and subsequent rate-cut expectations are soaring…
Wheaton Precious Metals Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
https://finance.yahoo.com/news/wheaton-precious-metals-third-quarter-114959522.html
Coeur Reports Third Quarter 2022 Results
https://finance.yahoo.com/news/coeur-reports-third-quarter-2022-211000079.html
Wesdome Announces 2022 Third Quarter Financial Results
https://finance.yahoo.com/news/wesdome-announces-2022-third-quarter-214000488.html
Kinross reports 2022 third-quarter results
https://finance.yahoo.com/news/kinross-reports-2022-third-quarter-220000158.html
Torex Gold Reports Solid Q3 2022 Financial Results
https://finance.yahoo.com/news/torex-gold-reports-solid-q3-230000112.html
Fortuna Reports Results for the Third Quarter of 2022
https://finance.yahoo.com/news/fortuna-reports-results-third-quarter-002900056.html
Pan American Silver reports third quarter 2022 results
https://finance.yahoo.com/news/pan-american-silver-reports-third-014100163.html
Endeavour Reports Q3-2022 Results
https://finance.yahoo.com/news/endeavour-reports-q3-2022-results-070000261.html
Ongoing Exploration Success Continues to Underpin Project Pipeline for Growth and Longevity; Strong October Production Exemplifies Operational Excellence and Positions the Company Well to Meet Annual Guidance
https://finance.yahoo.com/news/ongoing-exploration-success-continues-underpin-125600929.html
International Tower Hill Mines Files 2022 Third Quarter Financial Results
https://finance.yahoo.com/news/international-tower-hill-mines-files-130500098.html
Mayfair Gold: Updated Resource Shows Growth to 3.3M Oz, CEO Clips Video
https://finance.yahoo.com/news/mayfair-gold-updated-shows-growth-160000255.html
Mandalay Resources Corporation Announces Financial Results for the Third Quarter 2022
https://finance.yahoo.com/news/mandalay-resources-corporation-announces-financial-215400924.html
GALIANO GOLD REPORTS Q3 2022 FINANCIAL AND OPERATING RESULTS
https://finance.yahoo.com/news/galiano-gold-reports-q3-2022-223000063.html
Perpetua Resources Announces Supplemental Draft EIS Highlights Positive Environmental Outcomes
https://finance.yahoo.com/news/perpetua-resources-announces-supplemental-draft-230000988.html
Wallbridge Declares Shareholder Distribution
https://finance.yahoo.com/news/wallbridge-declares-shareholder-distribution-004000725.html
SCOTTIE RESOURCES INTERCEPTS 9.79 G/T GOLD OVER 25 METRES ON BLUEBERRY CONTACT ZONE AND REPORTS MINERALIZATION AT DEPTH OF 390 METRES
https://finance.yahoo.com/news/scottie-resources-intercepts-9-79-120500506.html
Liberty Gold Reports Q3 2022 Financial and Operating Results
https://finance.yahoo.com/news/liberty-gold-reports-q3-2022-221200544.html
Nighthawk Gold Reports 217.00 g/t Au over 0.50 m (with 7.30 g/t Au over 17.65 m) at the Kim Deposit
https://finance.yahoo.com/news/nighthawk-gold-reports-217-00-123000500.html
Klondike Gold Announces 469,000 Indicated and 112,000 Inferred Gold Ounces Initial Mineral Resource Estimate for the Klondike District Property, Yukon, Canada
https://ceo.ca/@accesswire/klondike-gold-announces-469000-indicated-and-112000
Metallic Minerals Acquires Additional Claims at La Plata Copper-Silver-Gold Project in Colorado, USA
https://ceo.ca/@accesswire/metallic-minerals-acquires-additional-claims-at-la
Orogen Royalties Options the Maggie Creek Gold Project to Nevada Gold Mines and Acquires a Copper/Gold Royalty Interest in British Columbia
https://ceo.ca/@accesswire/orogen-royalties-options-the-maggie-creek-gold-project
Engineer Gold Mines Ltd. – Exploration Update
https://ceo.ca/@thenewswire/engineer-gold-mines-ltd-exploration-update
Guanajuato Silver Confirms New Vein Discovery at El Cubo Mine
https://ceo.ca/@accesswire/guanajuato-silver-confirms-new-vein-discovery-at-el
Athena Gold Completes Expanded Fall 2022 Drill Program
https://ceo.ca/@accesswire/athena-gold-completes-expanded-fall-2022-drill-program
Yorbeau Resources Successfully Completes Its Drilling Program on the Scott Lake Property in Chibougamau, Quebec
https://ceo.ca/@globenewswire/yorbeau-resources-successfully-completes-its-drilling
South Atlantic Gold Announces Updates to Pedra Branca’s Permits and Licenses and Metallurgical Testing Results
https://ceo.ca/@thenewswire/south-atlantic-gold-announces-updates-to-pedra-brancas
Northern Superior Receives Drill Permits for TPK Project at the Core of its Ontario Strategy
https://ceo.ca/@accesswire/northern-superior-receives-drill-permits-for-tpk-project
SILVER MOUNTAIN INTERSECTS SILVER-POLYMETALLIC MINERALIZATION IN MULTIPLE VEINS AT ITS RELIQUIAS MINE
https://ceo.ca/@newswire/silver-mountain-intersects-silver-polymetallic-mineralization
to take their first bite out of silver especially.
Bitcoin up $1500 now…
they may ‘allow’ it all to go up.
Meanwhile Fetterman for Potus in 2028…..
Everything rally commences – including our pm’s which are leading the way!
So far… 🙂
We’ll see if it’s cool enough to start an “everything rally”
They’re trying to bump Bitcoin but not sure it sticks.
He came in dead first.
A state lawmaker in Pennsylvania was re-elected on Tuesday despite passing away last month.
Tony DeLuca, a Democrat, died of lymphoma on Oct. 9, too late for election officials to change the ballots. DeLuca was 85.
DeLuca, who served in the state legislature for 39 years, defeated the Green Party’s Queonia “Zarah” Livingston, garnering more than 85% of the vote in his deep-blue Allegheny County district.
“While we’re incredibly saddened by the loss of Representative Tony DeLuca, we are proud to see the voters continue to show their confidence in him and his commitment to Democratic values by re-electing him posthumously,” Pennsylvania House Democrats said in a tweet. “A special election will follow soon.”
What I heard was Trump endorsed OZ who’s not from PA over a conservative who was and if that conservative from that state would of ran he would of won over the intellectual bottom feeders on the left that are destroying states and city’s.
They like them that way, easier to get them to do what they want. Just give them something and they’ll be happy.
I’m guessing the CPI whatever it is won’t be as bad as the next one.