My question- if you have no financial SENSE what qualifies one to the Bank of England's Governor? I quess a prerequisite must be have been to skip the Austrian economics class 101.
"The Bank of England’s Governor Andy Bailey says gold is not important."
Everything the establishment has told us for the last, I don't know, 50 years has been a lie. This is no different. My interpretation is "Gold is VERY important", and I position myself accordingly.
If a "Useless Relic", whose total market presence amounts to less than 1/2 % of the Global Money Supply, puts the entire World at risk; then this World is Doomed! Oil and Natural Gas are far more systemically important.
The only reason Gold is critical, is that the market is small enough to be forensically examined; thereby Exposing the complete corruption of the 'Control Mechanism". This is one of the few places where we can all see that the Emperor has no clothes.
In spite of all "Warnings about precious metals", these same powers are going full speed with launching completely invisible Digital Currencies ???????????? No risk there?
'Ignore the man behind the curtain' comes to mind. It amazes me, how many people cannot/will not grasp the information that I give them. Pareto's law, I suppose.
I find it interesting that what for citizens is deemed and charged as a felony, for governments is just business as usual. In this instance, it is writing bad checks. Now a bad check or hypothecation is called "leverage." I love the word "hypothecation" as it means that your collateral is hypothetical (unless you are a Great Taker.)
The fiat currency racket is a deliberate scheme devised to bring total chaos. The banking bloodlines behind the scenes know full well and are driving the world to a point of total disaster with intent. This will be the first global collapse of the financial order underpinning trade and commerce designed to lead to an existential event that will make it possible for what must come next. A new global system of absolute control. Read the holy scriptures. No man, rich or poor, shall buy or sell without the mark.
I don’t know what you said, but this is what I heard: Buy gold and silver to protect your wealth from the now inevitable crash. Supplement with very short-term TBills. Keep rolling them over and ride the interest rates up. Take the interest off the top every so often and turn it into more gold and silver. And long-storage food.
Only very short term TBills ( 4 and 8 week), so you can get in and out. Reduces losses to inflation while still preserving some cash for as long as the system uses it. As yields rise, you passively acquire additional interest which you can use to then purchase S&G.
It all winds up in metals. As the end game progresses (it won’t all happen in one fell swoop), why not use the government’s bind to help yourself acquire extra real money?
Rarely do unhedged, inflexible, “all in” strategies work well in the longer term. Or at least they return suboptimal gains. Relying exclusively on one approach to wealth preservation under conditions that change unpredictably, is too much like an ideology rather than a thoughtful approach, for my taste. But, hey, you do you, and I don’t disagree that metals are the ultimate haven. Just not necessarily only one right way for everyone to build their position.
If the supply of gold & silver has been artificially inflated for all those years, then the supply/demand price is skewed far lower, far lower than I thought.
I guess it just dawned on me that a break down of the fake paper system would likely cause an explosion in price. Far greater than I originally anticipated.
There is probably a mathematical formula that could approximate the rise based on the dilutive effect. Wish I knew it.
There is no 'Mathematical formula' to describe infinity. Worthlessness compared to a tangible value is an oxymoron. Gold and other materials will retain value when 'Money Dies'.
Yeah, that seems like part of the calculation however you have to determine how many short term traders are in the mix. They don’t really affect long term prices at all. They trade on small up or down movements.
I guess the best way would simply take the price before the paper gold or silver, adjust it for inflation, real inflation such as shadow stats, and then estimate demand side if the wheels come off the dollar and the bond market.
Matt;13 23 But he that received seed into the good ground is he that heareth the word, and understandeth it; which also beareth fruit, and bringeth forth, some an hundredfold, some sixty, some thirty. :-) Blessings to you
'Short term trading' is a bet that TPTB will suceed in maintaining control through the duration of your position? On the short side: Three consecutive "Market" orders, for 50,00 ounces, (About $5 Billion total, Would close the Exchange? (The Orders would be rejected?)
Ya so true. They never release the way in which its formulated. its good for a barometer providing its from historical perspective and base measurements. Other than that its just an eye opener and headache awaiting. Fum all the same. Its like the manmade RR clock or the actual Doomsday clock from the Bulletin of Atomic Scientists which Einstein and Oppeheimer, Ed Teller started back when the Manhattan project completed. Perhaps check out that site. Gold is a better clock in most parts of History. That's until the London Bank and Swiss started fooling around. Gold is such a beautiful metal with attributes like no other.
My question- if you have no financial SENSE what qualifies one to the Bank of England's Governor? I quess a prerequisite must be have been to skip the Austrian economics class 101.
Keep up the great work David.
I wish you well.
Thank you Jack
"The Bank of England’s Governor Andy Bailey says gold is not important."
Everything the establishment has told us for the last, I don't know, 50 years has been a lie. This is no different. My interpretation is "Gold is VERY important", and I position myself accordingly.
Boom.
Then why did (Andrew Bailey) Sorry edit: (Gordon Brown)) sell off Britain's holdings to his cronies and benefactors?
I wonder how many bullion bank traders will have the balls to take a summer holiday this year and leave the juniors in charge🤔
They may just run for the hills.
So if gold is no longer important to bailey, he can lob a dozen or so ounces my way. I'll happily take them.
"Gold not important" That has got to be his dumbest statement yet🤦🏻♂️
there will be more ;)
Exactly!
If a "Useless Relic", whose total market presence amounts to less than 1/2 % of the Global Money Supply, puts the entire World at risk; then this World is Doomed! Oil and Natural Gas are far more systemically important.
The only reason Gold is critical, is that the market is small enough to be forensically examined; thereby Exposing the complete corruption of the 'Control Mechanism". This is one of the few places where we can all see that the Emperor has no clothes.
In spite of all "Warnings about precious metals", these same powers are going full speed with launching completely invisible Digital Currencies ???????????? No risk there?
'Ignore the man behind the curtain' comes to mind. It amazes me, how many people cannot/will not grasp the information that I give them. Pareto's law, I suppose.
Thank you David, for your excellent work.
Thank you Andrew.
And Canada sold all its gold.
But.............The US had no excuse to invade and seize that gold? Like they have done to other countries.............
I find it interesting that what for citizens is deemed and charged as a felony, for governments is just business as usual. In this instance, it is writing bad checks. Now a bad check or hypothecation is called "leverage." I love the word "hypothecation" as it means that your collateral is hypothetical (unless you are a Great Taker.)
Governments, central banks, and bullion banks act as if they are supranational organizations.
Wreaking havoc.
Is 'gold not important' a euphemism for 'we don't have any left'
Whatever Andrew Bailey says, take it that the extreme opposite is happening.
The fiat currency racket is a deliberate scheme devised to bring total chaos. The banking bloodlines behind the scenes know full well and are driving the world to a point of total disaster with intent. This will be the first global collapse of the financial order underpinning trade and commerce designed to lead to an existential event that will make it possible for what must come next. A new global system of absolute control. Read the holy scriptures. No man, rich or poor, shall buy or sell without the mark.
And when their fraud blows up they will blame the market economy.
I assume this will be the beginning of a brutal Hurricane for paper holders!
Not that they were not warned.
Best wishes to all.
Bob
It surely is coming Bob.
Cheers!
What is the COMEX role in this price fixing scheme?
The COMEX is another paper shunt.
The spot/cash market is the key in that these investors used to hold physical.
Listen to this....David breaks it all down.
https://www.youtube.com/watch?v=lW0J0o9ZUwE
Thanks BK
I don’t know what you said, but this is what I heard: Buy gold and silver to protect your wealth from the now inevitable crash. Supplement with very short-term TBills. Keep rolling them over and ride the interest rates up. Take the interest off the top every so often and turn it into more gold and silver. And long-storage food.
Was I even close?
IMO the debt markets are going to burn down.
All paper will burn.
Bonds are still paper.
Stacking physical metals is less complicated and more satisfying.
Only very short term TBills ( 4 and 8 week), so you can get in and out. Reduces losses to inflation while still preserving some cash for as long as the system uses it. As yields rise, you passively acquire additional interest which you can use to then purchase S&G.
It all winds up in metals. As the end game progresses (it won’t all happen in one fell swoop), why not use the government’s bind to help yourself acquire extra real money?
Picking up pennies in front a steam roller.
Rarely do unhedged, inflexible, “all in” strategies work well in the longer term. Or at least they return suboptimal gains. Relying exclusively on one approach to wealth preservation under conditions that change unpredictably, is too much like an ideology rather than a thoughtful approach, for my taste. But, hey, you do you, and I don’t disagree that metals are the ultimate haven. Just not necessarily only one right way for everyone to build their position.
There is a theory called 'deworsification' that applies at times of crisis.
If the supply of gold & silver has been artificially inflated for all those years, then the supply/demand price is skewed far lower, far lower than I thought.
I guess it just dawned on me that a break down of the fake paper system would likely cause an explosion in price. Far greater than I originally anticipated.
There is probably a mathematical formula that could approximate the rise based on the dilutive effect. Wish I knew it.
I will tell you this, the price increase will be non-linear.
Very troubling what the central planning scam artists have done.
Price in terms of what David? I'll keeps my garden, thanks.......D
Let's call it an accretion of buying power as a monetary unit.
Good point.
There is no 'Mathematical formula' to describe infinity. Worthlessness compared to a tangible value is an oxymoron. Gold and other materials will retain value when 'Money Dies'.
There is no point in attempting comparisons!
There seem to be dozens of these economic land mines that are lying about. It isn’t going to be pretty.
https://www.usdebtclock.org/index.html# paper to gold ratio = 132 to 1
Yeah, that seems like part of the calculation however you have to determine how many short term traders are in the mix. They don’t really affect long term prices at all. They trade on small up or down movements.
I guess the best way would simply take the price before the paper gold or silver, adjust it for inflation, real inflation such as shadow stats, and then estimate demand side if the wheels come off the dollar and the bond market.
Matt;13 23 But he that received seed into the good ground is he that heareth the word, and understandeth it; which also beareth fruit, and bringeth forth, some an hundredfold, some sixty, some thirty. :-) Blessings to you
'Short term trading' is a bet that TPTB will suceed in maintaining control through the duration of your position? On the short side: Three consecutive "Market" orders, for 50,00 ounces, (About $5 Billion total, Would close the Exchange? (The Orders would be rejected?)
Sheer Panic!
Ya so true. They never release the way in which its formulated. its good for a barometer providing its from historical perspective and base measurements. Other than that its just an eye opener and headache awaiting. Fum all the same. Its like the manmade RR clock or the actual Doomsday clock from the Bulletin of Atomic Scientists which Einstein and Oppeheimer, Ed Teller started back when the Manhattan project completed. Perhaps check out that site. Gold is a better clock in most parts of History. That's until the London Bank and Swiss started fooling around. Gold is such a beautiful metal with attributes like no other.
I sure hope it never gets to hyper inflation like that.
It will unfortunately.
Then the scammers will say they created CBDC to save you.
Or some Stable Coin that they think sounds less scary...
"Just inflate away the debt," they said. "It will be fun," they said.
https://828cloud.wordpress.com/wp-content/uploads/2021/12/211211d.jpg
https://www.sunshineprofits.com/media/cms_page_media/2016/8/2/1_PyMklDn.png
Would love to get your thoughts on this David. Matt Smith talks about how the US will go gold backed using a 50yr bond.
https://www.youtube.com/watch?v=ms7Uyg4bwaQ