Question: Do we actually have the gold? Answer: Yes.
"Gold is money. Everything else is credit." JP Morgan.
The BRICS countries account for 40% of the world's trade. Not coincidentally, these are also the countries that have very large gold reserves. That is, REAL reserves.
What happens if we see a revaluation of ALL currencies against Gold? (Which, incidentally, would bring gold to about $10k/oz, which - interestingly enough - is where gold really should be.)
Well the idea of cryptos was first explored in white papers in the 1970s by the CIA. So yup. They seem like a trap to me. And the possibility of a Fedcoin remains real.
Even if this weren't so, however, I still remain and have always been highly skeptical of their ability to hold purchasing power over time.
Which means they are essentially currency, or a medium of exchange. And I think here they will be highly useful.
Moreover, the ledger/Blockchain technology upon which its all built is going to revolutionize and disintermediate much of the world as we know it.
Eric Sprott and gang started a gold-backed crypto some time ago, which I haven't followed. That sort of thing could be the best of all worlds. Probably it's too early for wide adoption.
My son just lost 2.5 million in crypto when a $100k loan was called in in the middle of the night. I begged him several years ago to pull assets and diversify. I’m pretty sure he did not take my advice.
Do you think “they” in a last act of evil before fleeing would heist the gold [they’ve] stolen from Ukraine and other countries we aren’t supposed to know about, in addition to the gold we have left. It would bar us from ever being able to survive in a gold backed monetary system.
I believe we have the gold, and that it has been secured.
I also believe, that if your case were to happen, Trump's executive orders relating to repossessing the assets of those involved in serious human rights abuses and/or treason would remedy the situation either way.
All of that gold is either in our possession now, or will be once the trials start.
Question: Do we actually have the gold? Answer: Yes.
"Gold is money. Everything else is credit." JP Morgan.
The BRICS countries account for 40% of the world's trade. Not coincidentally, these are also the countries that have very large gold reserves. That is, REAL reserves.
What happens if we see a revaluation of ALL currencies against Gold? (Which, incidentally, would bring gold to about $10k/oz, which - interestingly enough - is where gold really should be.)
"GOLD SHALL DESTROY FED."
Excellent point.
I'm one of the few anons who has consistently been leery of digital currencies and cryptos.
Seems like much more of [their] move than our own.
Crypto is just digital fiat in my opinion. Backed by nothing
Well the idea of cryptos was first explored in white papers in the 1970s by the CIA. So yup. They seem like a trap to me. And the possibility of a Fedcoin remains real.
Even if this weren't so, however, I still remain and have always been highly skeptical of their ability to hold purchasing power over time.
Which means they are essentially currency, or a medium of exchange. And I think here they will be highly useful.
Moreover, the ledger/Blockchain technology upon which its all built is going to revolutionize and disintermediate much of the world as we know it.
Eric Sprott and gang started a gold-backed crypto some time ago, which I haven't followed. That sort of thing could be the best of all worlds. Probably it's too early for wide adoption.
Excellent and fascinating comment. Thank you for this information.
I, too feel like a mix between a gold-backed currency and a blockchain exchange technology is the best path forward.
Blockchain provides the means of delivering secure transactions. Gold (and/or commodities) provides the underlying (and stable) value.
My son just lost 2.5 million in crypto when a $100k loan was called in in the middle of the night. I begged him several years ago to pull assets and diversify. I’m pretty sure he did not take my advice.
Great analysis of some “Hot” topics! Love your take on things friend
Thanks Joe!
Love reading your articles. Keep them coming.
Love your thoughts, great information! Blessings and thanks to you 💞
Do you think “they” in a last act of evil before fleeing would heist the gold [they’ve] stolen from Ukraine and other countries we aren’t supposed to know about, in addition to the gold we have left. It would bar us from ever being able to survive in a gold backed monetary system.
I believe we have the gold, and that it has been secured.
I also believe, that if your case were to happen, Trump's executive orders relating to repossessing the assets of those involved in serious human rights abuses and/or treason would remedy the situation either way.
All of that gold is either in our possession now, or will be once the trials start.
Thank You again BB. God bless You and Your's 🙏