Of course this won't happen overnight and may still take several years to fully materialise. Why? Because the Chinese are very smart and cunning business people. I know because I worked 13 years in China until late 2021 and was even a VIP teacher to a high-level banking executive at their 6th largest bank in mainland China who was being groomed to become the CEO of that same bank in Hong Kong.
The fact that ICBC is part of this opaque AURUM group should indicate to any observant that it is in their interest to do so since they WANT to keep the price of gold suppressed in order to keep stacking it at a discount (apart from their production & imports gold, they have systematically been converting their U.S. Treasurys into gold, among other real assets).
Sure this may still take several years to play out. But with the Chinese, you need to look at their actions and not necessarily their words (as I've outlined/evidenced in section 4.2 of my article).
Exactly - when and how this ' Ponzi Scheme ' exactly ends isn't within their ' Gift ' .
Looking at Silver lease rates now being 8% and expected to go higher according to someone this morning + the current complete non availability of ' SLV ' shares for the usual suspects to short and play games with + the massively under reported supply side deficit in Silver ( according to the Silver Institute ) ... looks to me a lot like the end game scenario could be right around the proverbial corner ..??
Fair comment all round - but rather think you should forget about this shit show being abkle to be run on for any period of years , and try and get it into your noddle that the way things are going down the tubes ( and at speed ) right now - that we are more likelly
looking at a matter of months ( 6 - 18 x tops ) and possibly far more rapidly than that .
DAVID - Excellent interview with ' Mario ' ( as always ) .
QUESTION - I sent you an E.Mail 7 - 10 x days ago to suggest that an interview / sit down discussion with you & ALASDAIR MACLEOD would be excellent and somnething we could all look forward to ( also sent you Alasdair's contact info ) .
I haven't head back from you to say whether you've actually been in touch with Alasdair or not yet & would really appreciate an up-date as to whether this is going to happen and whether it might be in the fairly near future ....??
Great finds about the LBMA & AURUM David.
I'll be a bit of a contrarian here and say that I think the Chinese **will** back the yuan with gold for trade settlement as I outlined in my latest article (see Section 4.2 SYSTEM #2: The Eastern/Chinese Gold-backed Trade Settlement System, https://fournier.substack.com/i/166799868/system-the-easternchinese-gold-backed-trade-settlement-system).
Of course this won't happen overnight and may still take several years to fully materialise. Why? Because the Chinese are very smart and cunning business people. I know because I worked 13 years in China until late 2021 and was even a VIP teacher to a high-level banking executive at their 6th largest bank in mainland China who was being groomed to become the CEO of that same bank in Hong Kong.
The fact that ICBC is part of this opaque AURUM group should indicate to any observant that it is in their interest to do so since they WANT to keep the price of gold suppressed in order to keep stacking it at a discount (apart from their production & imports gold, they have systematically been converting their U.S. Treasurys into gold, among other real assets).
Sure this may still take several years to play out. But with the Chinese, you need to look at their actions and not necessarily their words (as I've outlined/evidenced in section 4.2 of my article).
Thoughts or counter-arguments are most welcome.
Thanks for the great work you do!
Those running a ponzi scheme don't get to choose when it ends.
Physical demand ends the scheme.
Exactly - when and how this ' Ponzi Scheme ' exactly ends isn't within their ' Gift ' .
Looking at Silver lease rates now being 8% and expected to go higher according to someone this morning + the current complete non availability of ' SLV ' shares for the usual suspects to short and play games with + the massively under reported supply side deficit in Silver ( according to the Silver Institute ) ... looks to me a lot like the end game scenario could be right around the proverbial corner ..??
Fair comment all round - but rather think you should forget about this shit show being abkle to be run on for any period of years , and try and get it into your noddle that the way things are going down the tubes ( and at speed ) right now - that we are more likelly
looking at a matter of months ( 6 - 18 x tops ) and possibly far more rapidly than that .
DAVID - Excellent interview with ' Mario ' ( as always ) .
QUESTION - I sent you an E.Mail 7 - 10 x days ago to suggest that an interview / sit down discussion with you & ALASDAIR MACLEOD would be excellent and somnething we could all look forward to ( also sent you Alasdair's contact info ) .
I haven't head back from you to say whether you've actually been in touch with Alasdair or not yet & would really appreciate an up-date as to whether this is going to happen and whether it might be in the fairly near future ....??