Germans are queuing at Degussa store to buy
#gold
in Kรถln. From Jan. 1, 2020, the limit to buy gold anonymously drops from โฌ10,000 down to โฌ2,000. Only two years ago the limit was โฌ15,000.
El Salvador's Bukele's cryptocurrency "Colรณn-Dollar" will end up in the same cryptocurrency garbage can as Venezuela's Maduro's cryptocurrency "Petro".
Argentina, Egypt, Algeria, Indonesia, Kazakhstan, Iran, Saudi Arabia, United Arab Emirates, Nigeria, Senegal, Thailand have applied already or showed strong intend to apply to join BRICS.
Argentina, Egypt, Algeria, Indonesia, Kazakhstan, Iran, Saudi Arabia, United Arab Emirates, Nigeria, Senegal, Thailand have applied already or showed strong intend to apply to join BRICS.
Again I repeat, Saudis are cooking something big that I don't think America will like. Pay attention (dollar-riyal peg, petrodollar, eurodollar,
#gold
).
Digital gold is a stablecoin backed by physical gold, a cryptodigital gold certificate. Bitcoin is NO digital gold; it is an Excel cryptic digital spreadsheet with a password and an internet address. Calling bitcoin "digital gold" is just a marketing scam.
In Romania before the 1989 revolution it was said Ceauศescu had billions of dollars stashed in Switzerland and wiped out all Romania's official gold reserves. We found out after the revolution he had no money outside Romania and the gold was still there in large part.
Sanctions shmanctions.
It may be wise to consider the possibility that Putin is only interested in power, not money; in guns, not butter - increasingly so. He has no personal skin in the economic game, pays no price.
The theory that he has hidden assets stashed away is naive.
All of a sudden both China and Russia announce, almost at the same time, that they are facilitating now
#gold
export. They both encourage now all of a sudden gold miners to export . Why?
The Art of Bitcoin Ponzi: Print fake digital dollars (tether) to pump fake digital gold (bitcoin) and add wash trades to digital infinity. That is bitcoin price.
Iraq's foreign currency reserves above $80 billion,
#gold
reserves climbed 30 Tonnes to stand at more than 131 Tonnes now, central bank official says via
@Reuters
Banana republic is a small, poor country, with limited resource, governed by authoritarian regime and characterised by corruption, economic exploitation by foreign crypto corporations conspiring with local corrupt government officials. Fits perfectly Bukele's El Salvador today.
Can the US dollar go down, collapse agains both
#Gold
and European currencies (euro, franc, pound)?
Yes, and it did in 1971-75 more than 50% versus gold and more than 30% versus European currencies.
It can, it happened before and will happen again.
Originally when the SDR was created in 1969 it was defined as approximately 1 gram of
#gold
(0.888671 grams of gold) until 1974 when under extensive pressure by US it became a basket of 16 fiat currencies dominated by the US dollar.
#Gold
price by Eddy Elfenbein. Based on his model, a fair price for gold based on correlation with real interest rates 1979 - 2009 should be at $8349 per ounce right now.
I've been following the gold market since the 1960s before the collapse of the London Gold Pool in 1968 and the Gold-Dollar Exchange Standard in 1971. That is approximately 60 years. What I see in the gold market since 2008 resembles very much to the 60s.
When I read Zlenskyy statement I remember time Communists in Romania banned us from reading western culture. You were put in prison if caught reading Dumas, Moliรจre, Shakespeare, Twain, etc., or listen to Presley, Tom Jones, Beatles, they called decadent western indoctrination.
The president of the Shanghai
#Gold
Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the US dollar via
@Reuters
Putin confirms in the BRICS' press conference that there are talks of replacing the dollar or at least circumvent the dollar because of US Treasury's war. Putin calls "the dollar as a reserve currency" a "problem" for "a great number of countries".
We've been for 40 years in a fiat digital currency world in parallel with fiat paper currency. We will soon upgrade to fiat crypto digital currency but linked in someway back to
#gold
.
In 1944 US made the rules and imposed them, despite the fact UK and Europeans didn't like them, because US had the wealth and gold. UK and Europe had the debt. Today China, Russia have the wealth and gold and US has the debt. China-Russia will make the rules with help from EU.
In this process of world dedollarisation and war on "exorbitant privilege" of US dollar, only direction dollar is going is down but NOT end of the dollar, only loss of "exorbitant privilege". Dollar will share world front stage with euro, yuan linked to gold in some way for all.
Look at this chart carefully. Last time central banks sold huge amount of dollars and bought huge amount of
#gold
was 1967-8 just before and during the collapse of the London Gold Pool causing the collapse in 1971 of the gold-dollar link. I still remember the denials before 1971.
I repeat. There is a bloody military war between Russia and Ukraine but there is now also a much bigger global (economic, trade, monetary, currency/
#gold
) war that is going ballistic between G7 and BRICS.
National Bank of Hungary said it would increase its
#gold
reserves. The planned 10-fold rise to 31.5 Tonnes is an investment and "will provide safety and lower risk to Hungary", said the central bank's governor, Gyorgy Matolcsy via
@Reuters
Again I repeat, Saudis are cooking something big that I don't think America will like. Pay attention (dollar-riyal peg, petrodollar, eurodollar,
#gold
).
It appears China decided to go full steam ahead in its dedollarisation process and so has been since last year the European Union with its dedollarisation and acceleration of its internalization of the euro. Russia is already in large part dedollarised.
Official central banks' asset freezes, confiscations by US and UK are becoming the norm recently and should scare the hell out of world central banks storing
#gold
in US, UK or owning US, UK Treasuries. Alarm bells should ring in China, India, Saudi Arabia especially.
Bank Indonesia calls on importers, exporters to stop payments in US Dollar. China, Japan, Thailand, Malaysia have already agreed to use the mechanism of two-way payments and dedollarasing, with Singapore, Philippines planning to join the system.
EU, BRICS+ also dedollarising.
US Treasury Secretary Connally told G10 countries in 1971 that US dollar 'is our currency, but it's your problem'. Well, same year he found out US dollar was US' problem with the collapse of the dollar of 80% vs
#gold
in 5 years after delinking it from gold. Hasn't recovered yet.
Global
#Silver
Demand Forecasted To Rise 11% In 2021, Reaching 1.025 Billion Ounces. Physical Investment Expected to Hit a Six-Year High. Annual average price is projected to rise to a seven-year high of $30. via
@SilverInstitute
Contrary to fake news spread by the bitcoin cartel with their "dump gold" campaign, facts are that
#gold
is NOT being demonetised. On the contrary, since 2008 crisis gold has been accumulated by central banks, sovereign funds in large quantity at an accelerated rate since 2018.
Silver Institute's News (December 2022) - Global
#Silver
Demand for 2022 Forecast to Reach All Time High
Silver Jewelry and Physical Investment Projected to Rise by 50 Million Ounces, Also to Record Highs via
@SilverInstitute
There is no collusion, collaboration between EU, Russia, China against US in the international monetary system presently but all three are moving in the same parallel directions away from the US dollar for identical reasons: US Treasury's war.
I stand by my hypothesis that a Biden high probability win will push
#gold
back above $2,000 and possible testing $2,500 by election day. Chaos in US between November election day and inauguration day in January makes gold testing $3,000 probable by end 2020 or end January 2021.
US Treasury, Fed are the biggest currency manipulators in the world and have been for 60 years with almost perfect consistency.
#Gold
remains US dollar's Achilles' heal. Gold above $2,000 and holding is hell on earth for US dollar.
#Silver
News (April 2024): Silver Industrial Demand Rose 11% in 2023 Reaching a New Record, Silver Demand for Photovoltaics Increased 64%, Surpassing Estimates - Silver Institute via
@SilverInstitute
Bank of Russia: "Since April 1, 2020, Bank of Russia has suspended the purchase of
#gold
in the domestic precious metals market. Further decisions on the purchase of gold will be made depending on the development of the situation in the financial market."
Gold: Last night (Jun. 24, 2019) Russian legislators passed a draft bill to the Duma, the Russian Parliament, to remove the 20% VAT on investment
#gold
(highest VAT on investment gold in the world).
Expected to lead to structural change in Russian Gold Market. - via
@JReade_WGC
The use of
#gold
and
#silver
as quasi money has been traced back to 4,000 BC when the Egyptians used gold bars of a set weight as a medium of exchange. First Stamped Gold and Silver Coins in Lydia (Western Turkey) in 600 BC (2620 years old).
To paraphrase Putin: the World is not ditching the dollar, the dollar is ditching the World. Trump's weaponisation of the dollar is forcing the World into
#gold
, euro, yuan.
Germans buying physical
#gold
, Russia National Wealth Fund considering buying gold; Russia, China central banks continue buying gold; Poland, Hungary central banks buy large amounts of gold; Euro Area (57.4% gold), ECB (29.5% gold) considering gold as a hedge against the dollar.
BRICS exploring ideas to create fairer payment mechanism to reduce US dollar dependence: South African Foreign Minister Naledi Pandor via
@economictimes
US Treasury's War on EU is/will push EU into an alliance with Russia, China and even maybe India to a reset of the international monetary system that eliminates the "exorbitant privilege" and abuse by US of the US dollar. Gold will be used to support the new system.
I expect
#gold
to run to around $2,500 on momentum created by the crossing of all time high $1,920-2,000 up to November US election. I expect a correction if Trump wins but short-term and a continuation to $3,000 if Biden wins.
#Silver
follows gold on steroids.
World Official
#Gold
Reserves (November 2017): since the 2008 financial crisis central banks bought back 43.4% of all the gold sold from the 1965 top to the 2008 bottom - Dan Popescu
Euro vs US Dollar Payments via SWIFT: Share of US dollar is in constant decline since 2015. As of June 2018, the US dollar was only 5.38% higher than the euro.
You have to analyse each tyrant case separately. Gaddafi (Libya), Ben Ali (Tunisia), Mubutu (Zaire/Congo) family did have cash, gold, real estate stashed in Europe.
And bitcoin bullies who never studied chemistry, physics but who pretend to be tech savvy when in reality they are tech idiots say
#gold
is useless relic of antiquity. Gold is past, present and future tech if you know anything about chemistry, physics.
When Wall Street, Cryptocurrency exchanges suspend selling it's NEVER for technical reason. It is always for their own financial survival they suspend only selling. Technology only used as excuse to deflect client attacks, lawsuits. Technology is able to cope with high volume.
El Salvador's Bukele administration is planning to launch a national stablecoin cryptocurrency, which it preliminarily called "Colรณn-Dollar", by the end of this year. It didn't take long for Burkele to drop bitcoin for his own fake US dollar stablecoin.
Central banks added 160.5 Tonnes to global
#gold
reserves in March, with a large purchase by Hungary of 63.0 Tonnes the most notable activity in the month. Japan's 80.8 Tonnes addition was the result of an intergovernmental transfer of gold. - World Gold Council via
@GOLDCOUNCIL
A BRICS monetary, payment system is also being arrogantly dismissed by Americans despite very clear indications and have been since Ukraine invasion sanctions and even before, but it's serious. China, Russia but also India have definitely chosen
#gold
in some form to back it up.
World central banks are NOT buying bitcoin but rather buying
#Gold
and studying, working on fiat cryptodigital stablecoins. Gold fact, bitcoin hallucination.
Big war between US and China is not trade but the "hegemon" dollar. Losing dollar's "exorbitant privilege" will be major blow to US, most Americans don't realise. China, Russia, EU are now targeting the dollar actively, no more just talking about it. Gold, euro are trade weapons.
Bitcoin is fake digital
#gold
. Cryptogold certificate is digital gold. Bitcoin is crypto-digital nothing like the dollar is digital nothing since 1971.
Say with a straight face that Russia is isolated. BRICS+, OPEC+, most South/Central America, most Africa support Russia. It became evident to me that Russia was not isolated early on in March 2022.
BRICS exploring ideas to create fairer payment mechanism to reduce US dollar dependence: South African Foreign Minister Naledi Pandor via
@economictimes
From the bgining of bitcoin I like the block chain concept but not bitcoin. I found it from start flawed on false hypothesis and mysterious Satoshi a scam, fake story. From start I said a crypto backed by gold (1 gram) would be interesting. I still think so.
No empire has managed to maintain its currency as a global standard when it went into debt and bankrucy. Not the Croesus Stater, nor the Dinar, nor the Tiberius, nor Solidus, nor Byzantium, nor Dinar, nor Ducat, nor Sovereign, nor will the Dollar. You can be sure of that.
I said it and I repeat it again. I strongly believe EU's objectives with INSTEX go beyond Iran to create an alternative to the US dollar payment system. China and Russia are also collaborating already with EU to integrate INSTEX with their own payment systems.
I said many times and continue to say it. I don't see the end of the US dollar or the euro but reset of the pure fiat international monetary system with
#gold
at the reset's core. What I predicted and it is happening now is collapse of the "exorbitant privilege" of the US dollar.
It is clear for me that the world is going into a gold standard in some form. The fact that little official gold reserves was sold between 1965 and 2008 (22% only of 1965 high) and that 55% of official gold sold was bought back since 2008 crisis is proof.
@AriciLink
@KrishanGopaul
Read Bank of Russia text correctly if you can read; stop retwitting fake, distorted text. It's the death sentence to non fiat cryptocurrencies and cryptocasinos in Russia. They can continue as cryptoassets as long as they identity each holder and clearly report it to the state.
@visegrad24
Ys, there was "a Nazi Europe from Lisbon" to Urals (1940-45), ended in 1945. Study history!
US refused to enter the war until it got hit by Japan in Hawaii in 1941. If it wasn't for that attack US would have stayed out. US Congress considered US "neutral" between Germany and UK.