Loading ...I disagree in them blaming gold as being barbaric. Gold was just fine until the Fed Reserve came along and started printing out it’s paper promises depleting the gold thus the value of the paper. The barbaric relic was the Fed Reserve.
goldie 19:06 the dollar has never been totally backed by gold.
I think it was down to 20% backed when Nixon abandoned the idea. I tend to think Keynes was right when he called the gold standard “that barbarous relic”. It meant a lot to people only because they didn’t understand it. they thought they could take paper dollars into the bank and get gold, but that could never have been allowed to happen on any significant basis as there was never enough.
That’s (the barbarous relic bit) not the same as having gold reserves though. Countries keep foreign currency reserves in many formats, cash, foreign bonds (mainly foreign govt but they could hold company debt) and gold/silver. You could have enough gold equivalent to 20% of your currency in circulation and not refer to the currency as being gold backed, but you would still have substantial reserves which cannot be devalued or cancelled.
Repricing gold
Will they ever reprice gold if it’s used in so many industrials including their previous new AI.
It could be repriced by another country but they would have the same dementia.
Gold 142k
By Schectman I just posted the video keep shutting down. A thought occured to me about all these banks shorting it. They probably would be warned to get out first.
I did get the part where their holding silver down because larger amounts are being used by military industrial and that’s why but Russia China and India are buying it now and calling for delivery then it went blank again. I have to keep turning it back on. I read somewhere silver is a rising star in India.
Maddog 13:59
Thanks for trying to help but I don’t understand bonds relationship to gold other than basics when they’d buy gold over bonds and the major ponzi scheme of debt. But not if revalued at a higher price if the dollar is no longer backed by gold. You may have told me but it didn’t register. Thanks for trying though.
Well here’s a doozy
By Schectman on gold revaluation.
https://m.jpost.com/business-and-innovation/precious-metals/article-839102
Speaks for itself
“Kash is not qualified to lead the FBI…” -Adam Schiff
An FBI Investigation uncovers 256 e-mails between Adam Schiff and Jeffrey Epstein.
Beware all Cockroaches
“I Am Honored”: Kash Patel Vows To Rebuild FBI, “Hunt Down” Bad Guys “In Every Corner Of This Planet”
https://www.zerohedge.com/political/senate-confirms-kash-patel-lead-fbi
Maddog 10:57,
Schwab’s phone must’ve been on a USAID account.
Cap’n, 14:27, we’ve been saying that for years. But I really think you’re right. The price action says CB buying, and nobody has nearly enough.
NEM Blew out earnings $1.40 vs $1.08 estimates
Go figure. Avg. sales price $2643
Should only get better.
No idea why the shares held up today with a weak SM and flat metals.
Can’t be bad can it?
Yesterday’s news on the Mali-Barrick deal. What co in their right mind would want to invest there now?
Exclusive: Barrick Gold signs agreement with Mali to end mining dispute
As part of the new agreement, Barrick will pay a total of 275 billion CFA or $438 million to the Mali government, in return for the release of detained employees, seized gold, and restarting the operations at the Loulo-Gounkoto mine.
Barrick did not immediately respond to an email query by Reuters. A spokesperson for Mali’s mines ministry declined to comment.
Man …
… dem computers are really something … no?
Gold is almost negative and bitcon … to da moon.
Rinse repeat tomorrow … and the bansters will be happy again … but not for long.
Because they are running out of bullion in Russia and China too now.
Just a matter of time me thinks.
Cheers all
goldielocks
higher Gold price/ a very high gold price would reduce bond issuance by dropping the interest rate on US debt….As it stands now at 42 $ set against a $ 37 Trillion debt, is neither here or there…..but get it upto $ 14 thousand and 10 % of the debt is backed by Gold…..
Plus I think you have $ 28 billion of debt maturing, this year alone, much will have to be rolled over at whatever the rate is, plus existing debt ie the $ 37 trillion has such vast coupon payments, you are issuing debt, to pay the coupons on existing debt.
So
Maybe India will sell us some?
Swiss gold exports to the US were almost at 200 metric tons in January, one factor why so high: 400 ounces bars were imported into Switzerland, refined and exported as 100 ounces bars to the US for COMEX delivery
Maddog 9:51
I wonder why it would reduce the need to issue bonds if gold is not backing the dollar. 42 dollars I want to buy it then. Why should they have to issue bonds or borrow anything?
Maddog
That’s a surprise. I thought he carried around his own portable in his trousers! 
Klaus and his pals are certainly on the run. Most of them should be in the slammer!
Ipsofacto
Re Europe….ain’t that the truth….I am getting a bit worried about Schwab….we don’t seem to be getting his usual amount of advice…maybe it’s because he can’t get off the Dunny, for any longer than a minute or two….
We were on the same road
“Europeans abandoned the defense necessary for their own sovereignty so they could finance welfare states, which they then destroyed with mass immigration
So now they have infinite migrants, bankrupt social programs, and a complete lack of security”
Maddog @ 9:51
Trump and Elon should motor on up there and tell the guards to open the gate! LOL
Tough sledding
with the SM tanking. If this keeps up we’ll be hearing how hedge funds have to sell their gold positions to cover margin calls again.
All the eco data missed. Welcome to the new era of honest government numbers.
Trump says Fort Knox audit will happen….Bessent says no re-valuation……well he would wouldn’t he.
Trump Confirms Fort Knox Audit, But Gold Slips As Bessent Downplays Revaluation Rumors