Goldprice all times high 1655 EUR Oz !!
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Exactly, it is a possibility. If you scroll up, I stated you should also hold crypto for the same reason. A diversified portfolio is key to be covered for different outcomes, not a single one that you wish for. Dogmatic philosophy towards one asset has the potential of wrecking someone`s savings.
All the financial systems before the present one were based on gold (and, to a lesser degree, silver). So, if the current financial system collapses and the world population's faith in the financial system must be restored, what do you think is the most likely outcome? Not 100% guaranteed, of course, but highly likely. The fact that central bank's all over the world continue to hoard, and buy, gold makes this rather obvious. The level of ignorance and the lack of critical thinking on this︀ thread is simply astounding.
I do not own much gold myself, so I have no︁ dog in this fight. But this stuff is rather obvious. I own one of the︂ few things better than gold: income-producing farmland. Farmland, unlike gold, is diminishing rapidly and it︃ also earns an income. And food prices are very sensitive to inflation. But most people︄ cannot own a farm. So, gold is the next best thing -- as insurance against︅ geopolitical and financial instability and inflation. And unlike a farm, it is easily transported.
I do not own much gold myself, so I have no︁ dog in this fight. But this stuff is rather obvious. I own one of the︂ few things better than gold: income-producing farmland. Farmland, unlike gold, is diminishing rapidly and it︃ also earns an income. And food prices are very sensitive to inflation. But most people︄ cannot own a farm. So, gold is the next best thing -- as insurance against︅ geopolitical and financial instability and inflation. And unlike a farm, it is easily transported.
Will be difficult to restore trust as how can reserves︀ be proven? The numbers even if compiled by hyperaudit X2 company will be highly doubted.︁ That goes for all 3 superpowers.
i can tell you what is going to happen
Firstly bitcoin will go down massivly for any reason war/crash/cyberattack etc .
Once at the bottom CBDC's will be implemented with deep negative rates︀ with the explanation to support the econemy and maybe because banks will have trouble because︁ of cyberattacks who knows what reason they will give.
Once this happen people will flee︂ in any asset with their fiat.
Bitcoin is going to skyrocket
Silver is going to︃ outperform gold
gold will raise but will be the loser compared to the other.
Once people invested all their savings in RE,Stocks etc the milking will begin.
All these assets︄ which profis bought at cheap price are now going to be dumped to the masses︅ causing a so called bear cycle.
And at arround 4 years when the first monetary︆ system change (CBDC's) will be announced as failure and all wealth sucked out they will︇ setup silently a new second monetary system based on gold.
It will happen over a︈ weekend so nobody can jump quickly in who doesn't belong to the club or isnt︉ already invested in the worst performing asset.
And now my question to you do you︊ understand the meaning that gold will be reimplemented back to the monetary system ?
Do you understand what it exectly means for gold and based on what its value will︋ be dertimined ?
I guess no else people would be not posting such nonsense here︌ .
Also Gold is since 2012 officaly TIER1 money and not a Hedge like before.︍
Sorry thats also nonsense.Why ?Because you clearly don't know their agenda.Farmlands are so good ?
How come farmers are currently massivly getting bankrupt ?
You think in 2030 food will be still grown mainly on farmland ? ZONK
Food will be directly produced in big cities without farmland.ANY KIND OF FOOD.They can harvest 15 times more and need up to 25 times less water.
Now the second control point water.Water will be expensiv thats why they focus so much getting ever water source under their control.
Next issue seeds etc etc etc
You really think you will be able to compete against them ?
You know in their agenda they plan MEGA Cities and 95%︀ of area getting back to wildness.
So i would think twice if farmland is a︁ great investment in the space of income if its not for own use at least︂ in "western countries"
Its already done deal for over a decade.︅
In 2012 US had to accept a new tri polar monetary system instead their desired︆ uni polar monetary system because they lost the economic battle against BRICS.
People even have︇ no clue how close USD was to get imploded by BRICS.The monetary fight between US︈ and Japan were just insane.
But hey keep beliving Fukushima was an accident and not︉ a warning making the president to resign.
Firstly bitcoin will go down massivly for any reason war/crash/cyberattack etc .
Once at the bottom CBDC's will be implemented with deep negative rates︀ with the explanation to support the econemy and maybe because banks will have trouble because︁ of cyberattacks who knows what reason they will give.
Once this happen people will flee︂ in any asset with their fiat.
Bitcoin is going to skyrocket
Silver is going to︃ outperform gold
gold will raise but will be the loser compared to the other.
Once people invested all their savings in RE,Stocks etc the milking will begin.
All these assets︄ which profis bought at cheap price are now going to be dumped to the masses︅ causing a so called bear cycle.
And at arround 4 years when the first monetary︆ system change (CBDC's) will be announced as failure and all wealth sucked out they will︇ setup silently a new second monetary system based on gold.
It will happen over a︈ weekend so nobody can jump quickly in who doesn't belong to the club or isnt︉ already invested in the worst performing asset.
And now my question to you do you︊ understand the meaning that gold will be reimplemented back to the monetary system ?
Do you understand what it exectly means for gold and based on what its value will︋ be dertimined ?
I guess no else people would be not posting such nonsense here︌ .
Also Gold is since 2012 officaly TIER1 money and not a Hedge like before.︍
Sorry thats also nonsense.Why ?Because you clearly don't know their agenda.Farmlands are so good ?
How come farmers are currently massivly getting bankrupt ?
You think in 2030 food will be still grown mainly on farmland ? ZONK
Food will be directly produced in big cities without farmland.ANY KIND OF FOOD.They can harvest 15 times more and need up to 25 times less water.
Now the second control point water.Water will be expensiv thats why they focus so much getting ever water source under their control.
Next issue seeds etc etc etc
You really think you will be able to compete against them ?
You know in their agenda they plan MEGA Cities and 95%︀ of area getting back to wildness.
So i would think twice if farmland is a︁ great investment in the space of income if its not for own use at least︂ in "western countries"
Its already done deal for over a decade.︅
In 2012 US had to accept a new tri polar monetary system instead their desired︆ uni polar monetary system because they lost the economic battle against BRICS.
People even have︇ no clue how close USD was to get imploded by BRICS.The monetary fight between US︈ and Japan were just insane.
But hey keep beliving Fukushima was an accident and not︉ a warning making the president to resign.
They will do whatever is necessary to restore public trust in the financial system and to restore public order. They will have no choice. Do you think that the world elites will voluntarily go back to any type of gold standard? They will do so kicking-and-screaming -- and they will do so only because they have no other choice.
It does not need to be a 100% gold-backed system.︀ It could be 50% or some other proportion that allows faith in the new system.︁ The sudden, total collapse of trust is what destroys a monetary system. It can happen︂ quite quickly.
It does not need to be a 100% gold-backed system.︀ It could be 50% or some other proportion that allows faith in the new system.︁ The sudden, total collapse of trust is what destroys a monetary system. It can happen︂ quite quickly.
There are currently only two central banks which are known to be holding (i.e. hoarding) a significant part of their reserves in gold: Kazakhstan and Kyrgyzstan!
Relevant central banks are not hoarding gold. Their gold reserves are minimal.
https://www.gold.org/goldhub/data/monthly-central-bank-statistics
Relevant central banks are not hoarding gold. Their gold reserves are minimal.
https://www.gold.org/goldhub/data/monthly-central-bank-statistics
I do not know what you mean by "a significant part of their reserves in gold" as the word "significant" can have many meanings, but Russia, China, India, Turkey, Hungary, Thailand, and many other countries have been big buyers in recent years. They are trying to build proportional gold holdings comparable to the Western nations, which have long held large gold holdings. These gold reserves are not minimal. And if gold was truly a useless artifact,︀ why would central banks buy it at all? These poorer nations are trying to catch︁ up with the Western nations in terms of their proportional gold holdings. They want a︂ seat at the table when the great reset hits.
Significant means > 25%.
Less than 1/4 of overall reserves in gold has no︂ impact: Neither will a central bank regain the trust of its population nor will such︃ a low allocation towards golds make any difference in case of a worldwide crisis.
Most of the countries that invest meaningful amounts in proportion to their reserves into gold are︄ politically motivated. Similar to Iraq, Libya or Venezuela back in the days. Well, we all︅ know how that ended.
I agree that the system is doomed. There will be a︆ great reset. But nobody of us can envisage what and how this will happen. It︇ is also possible that a can of tuna will be worth more than a bar︈ of gold. Think Mad Max.
So, if one bets today on the great reset of︉ tomorrow by investing into gold it is a speculation that might work or might not︊ work.
Less than 1/4 of overall reserves in gold has no︂ impact: Neither will a central bank regain the trust of its population nor will such︃ a low allocation towards golds make any difference in case of a worldwide crisis.
Most of the countries that invest meaningful amounts in proportion to their reserves into gold are︄ politically motivated. Similar to Iraq, Libya or Venezuela back in the days. Well, we all︅ know how that ended.
I agree that the system is doomed. There will be a︆ great reset. But nobody of us can envisage what and how this will happen. It︇ is also possible that a can of tuna will be worth more than a bar︈ of gold. Think Mad Max.
So, if one bets today on the great reset of︉ tomorrow by investing into gold it is a speculation that might work or might not︊ work.
Nah, there is a lot of other choices. Again to bring the unanswered︀ point, how do you audit the gold? Just send KPMG and tell the world you︁ have x tons of it? 😉
Like what? Anyone who knows anything about this topic knows that Special Drawing Rights (SDRs) and gold are the only realistic options. There is no other fiat currency that can currently replace the USD if it collapses.
And if all major fiat currencies collapse at the same time, even SDRs are highly problematic. That would leave only . . . gold. Not talking a Mad Max scenario here. Just a loss of faith in the USD. That is all it takes. One spark. The last straw placed on the camel's back.
And if all major fiat currencies collapse at the same time, even SDRs are highly problematic. That would leave only . . . gold. Not talking a Mad Max scenario here. Just a loss of faith in the USD. That is all it takes. One spark. The last straw placed on the camel's back.
If we work under the assumption that the vast majority here has more in terms of their beliefs than with 99 % of the population, it is astounding how easily certain opions lead to division. I understand a little bit of drama always spices things up and what would life be without it? 😉
Assets that might be of use on physical plane over the next 10 years:
- Hide out spot in the jungle with a pond next to it
- Bear Grylls´s survival camp package
- Digital fairy dust
- Shiny rock collection
- Part ownership in companies that spy on and/or sell goods/︀ services at an exorbitant mark up to it*s customers
- Collector of rare hunting equipment︁
- Entry papers that grant you access to multiple banana republics
- Being around a︂ group of people that do not jump through hoops ratting you out to a 3︃ letter agency
- Owning an assortment of delicious tuna cans (or any other source of︄ protein)
- Being well versed in the ancient art of brewing your own moonshine
(Disclaimer: the above list is not in a particular order of importance and depends on the︅ beliefs of each individual person)
Assets that might be of use on physical plane over the next 10 years:
- Hide out spot in the jungle with a pond next to it
- Bear Grylls´s survival camp package
- Digital fairy dust
- Shiny rock collection
- Part ownership in companies that spy on and/or sell goods/︀ services at an exorbitant mark up to it*s customers
- Collector of rare hunting equipment︁
- Entry papers that grant you access to multiple banana republics
- Being around a︂ group of people that do not jump through hoops ratting you out to a 3︃ letter agency
- Owning an assortment of delicious tuna cans (or any other source of︄ protein)
- Being well versed in the ancient art of brewing your own moonshine
(Disclaimer: the above list is not in a particular order of importance and depends on the︅ beliefs of each individual person)
They initated the change.Its the elites desire however keep in mind that a︀ goldban would not allow physical gold in private hand.
Also your second statement is correct︁ that the new money won't be backed 100% but only linked to gold.
Think a︂ bit further what it means for gold if you can create lets say $1000 by︃ having $100 worth of gold 😉
Your third assumption that it can be only SDR's is︄ also fully correct.People claiming it can be something diffrent have no clue what they are︅ talking about.
SDR's will be the world currency named in every country diffrently and will︆ be divided between countries based on their gold holdings .I hope now you have your︇ answer why central banks are hording and buying gold expecially in south east asia.
About China.
Before 2012 US didn't wanted to allow other currencies to get world reserve currencies︈ in the new monetary system and tried to force to implement an unipolar monetary system.︉
They lost the battle and BRICS support to make CNY also a world reserve currency︊ on a tri polar monetary system.
To make CNY a world reserve currency it means︋ they need to produce a lot of CNY money and can only produce when having︌ enough gold.Thats why they indirectly forced US to give gold for not imploding the USD︍ and even told their citizens to buy as much gold as they can 😉
Surviver BS to make money.
The world︅ is not ending.Its a change into a world wide centralized police state.Nothing more and nothing︆ less.
Also your second statement is correct︁ that the new money won't be backed 100% but only linked to gold.
Think a︂ bit further what it means for gold if you can create lets say $1000 by︃ having $100 worth of gold 😉
Your third assumption that it can be only SDR's is︄ also fully correct.People claiming it can be something diffrent have no clue what they are︅ talking about.
SDR's will be the world currency named in every country diffrently and will︆ be divided between countries based on their gold holdings .I hope now you have your︇ answer why central banks are hording and buying gold expecially in south east asia.
About China.
Before 2012 US didn't wanted to allow other currencies to get world reserve currencies︈ in the new monetary system and tried to force to implement an unipolar monetary system.︉
They lost the battle and BRICS support to make CNY also a world reserve currency︊ on a tri polar monetary system.
To make CNY a world reserve currency it means︋ they need to produce a lot of CNY money and can only produce when having︌ enough gold.Thats why they indirectly forced US to give gold for not imploding the USD︍ and even told their citizens to buy as much gold as they can 😉
Surviver BS to make money.
The world︅ is not ending.Its a change into a world wide centralized police state.Nothing more and nothing︆ less.
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