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Thread: The Great Gold Heist

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    Default Re: The Great Gold Heist

    https://x.com/GoldTelegraph_/status/1887797371192619371




    https://x.com/GoldTelegraph_/status/1887982844326330438

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    Default Re: The Great Gold Heist

    https://x.com/GoldTelegraph_/status/1888836491352399956




    https://x.com/GoldSeekcom/status/1890066057567609066



    https://goldseek.com/article/what-heck-happened-penny

    What the Heck Happened to the Penny?

    When I was a little kid, one of the highlights of a trip out with my grandmother was getting a penny to stick in the gumball machine. Back in the early 1970s, a penny would get me several small gumballs or one giant one – depending on the machine.

    Good luck getting a handful of gumballs for a penny today. You’ll need at least a dime, and more likely a quarter, to stick in that gumball machine.

    And pretty soon, you won’t even be able to find a penny.

    President Donald Trump has announced the demise of the venerable 1-cent coin, saying he has directed the U.S. Treasury to stop minting them.

    “For far too long, the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”

    Trump went on to say he is going to rip the waste out of the U.S. budget “even if it’s a penny at a time.”

    According to the U.S. Mint, it costs 3.69 cents to mint and distribute one penny.

    In 2024, the mint produced 3.2 billion pennies and lost about $85.3 million in the process. That was over half of the new coins minted last year.

    Several countries, including Canada, New Zealand, Australia, and the Netherlands, have already ditched their smallest denomination coins.

    When Canada phased out its penny about 12 years ago, businesses were urged to round prices up or down to the nearest nickel. Electronic transactions continued to be billed to the penny.

    As of 2023, about 16 percent of transactions in the U.S. were made in cash.

    What Happened to the Penny?

    If you wonder why the penny is going the way of the dodo bird, look no further than the gumball machine.

    A penny simply isn’t worth anything anymore.

    Back in 2018, Rep. Brad Sherman (D-Calif.) called the penny garbage.

    “My guess is that you won't do it, but I'm going to suggest that you simply abolish the penny. It isn't currency, it's litter. If a police officer saw me throw pennies on the ground, I'd get a ticket for littering, and if I tried to pay that ticket in pennies, the judge would be very upset. The penny has been our lowest unit of currency since 1857, since Lincoln. Now, he wouldn't throw pennies on the ground, and call it litter, because back then a penny was worth more than a dollar is today, I believe. Certainly, well more than 50 cents.”

    He's not wrong.

    But why?

    Because the government is destroying your money.

    Based on the CPI, prices have increased by over 713 percent since 1970. That penny gumball I bought when I was a kid would cost about 8.1 cents today.

    Keep in mind that the CPI doesn’t tell the entire story of inflation. The government revised the CPI formula in the 1990s so that it understated the actual rise in prices. Based on the formula used in the 1970s, CPI is closer to double the official numbers.

    On the other side of the coin (pun intended), production costs have gone up due to this same inflationary pressure. Put into perspective, it’s no wonder it costs so much more to produce a penny than it's worth.

    The U.S. government has already devalued the penny.

    In 1982, the mint removed most of the copper from the penny. Before that year, pennies were composed of 95 percent copper and 5 percent zinc. Due to rising copper costs (a result of inflation), the mint changed the composition to 97.5 percent zinc with 2.5 percent copper plating.

    Similarly, the government devalued silver coins nearly two decades earlier.

    Under the Coinage Act of 1965 signed by President Lyndon B. Johnson, the U.S. Treasury removed all the silver from dimes, quarters, and half-dollars. Instead, the government mints coins from “composites, with faces of the same alloy used in our 5-cent piece that is bonded to a core of pure copper.”

    Today, you will sometimes hear coins minted before 1965 referred to as “junk silver."

    In reality, we should call modern American coins junk.

    The demise of the penny is another example of the same phenomenon.

    When Johnson signed the Coinage Act, he insisted that removing silver would have no impact on the value of U.S. coinage.

    “[The] Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin,” he said.

    Just a few years later, President Richard Nixon made a similar claim when he cut the final tie to the gold standard. He said, “Let me lay to rest the bugaboo of what is called devaluation,” and promised, “Your dollar will be worth just as much as it is today.”

    Both men were lying.

    When you disconnect money from anything of tangible value, it is going to quickly depreciate. It’s as certain as death and taxes.

    And that’s exactly what happened.

    Seth Lipsky revealed the extent of post-1965 coin debasement in a 2015 Wall Street Journal column.

    “When LBJ signed the 1965 act, the value of a dollar was almost exactly the same as it had been in 1792—0.77 ounces of silver. Despite some downs and ups, on average, it had been remarkably steady for the long span…

    “The value of the dollar started sinking after the 1965 coinage act, and by 1980 the dollar—so long valued at 0.77 ounces of silver—plunged to 0.02 ounces of silver. Today, it is valued at 0.06 ounces of silver.”

    This currency debasement is ongoing. Today, the penny has been deemed worthless. How long until they get rid of the nickel? The dime? The quarter?

    The way things are going, it's only a matter of time.

    This is why you want to have real money - gold and silver. It will not be devalued by government action and can hold the value of your wealth over time.
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    Default Re: The Great Gold Heist

    https://x.com/GoldSeekcom/status/1890075958176104930



    https://goldseek.com/article/how-us-...pact-investors

    How a U.S. Gold Revaluation Could Impact Investors


    There has been growing discussion about the possibility of the U.S. Treasury and Federal Reserve monetizing America’s gold reserves. If this happens, it could have significant implications for gold prices, monetary policy, and financial markets.

    Understandably many of you have been in touch asking what this would look like and the implications of it. So, we've made a video.

    While the idea of the US revaluing its gold remains largely speculative, history shows that major changes in gold’s monetary role are not unprecedented. Understanding the potential outcomes is not only a great thought experiment but possibly a glimpse of the reality that may be coming our way!

    In our latest GoldCoreTV episode, Jan Skoyles explores:

    What does gold monetization mean and why it is being considered
    Potential revaluation scenarios, from modest adjustments to major resets
    How this could impact you and the broader financial system
    Why central banks have been increasing their gold reserves


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    Default Re: The Great Gold Heist

    "Hope is the thing with feathers that perches in the soul and sings the tune without the words and never stops at all."
    - - - - Emily Elizabeth Dickinson. 🪶💜

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    Default Re: The Great Gold Heist

    https://x.com/GoldSeekcom/status/1890098666389565515



    https://goldseek.com/article/etfs-ki...ding-more-gold

    ETFs Kick Off 2025 By Adding More Gold

    In January, European gold-backed ETFs charted the largest inflow of metal in more than two years, driving global ETF gold holdings higher to kick off 2025.

    Gold-backed funds globally reported net gold inflows of 34.5 tonnes last month, adding $3 billion to their holdings.

    Total assets under management (AUM) by gold ETFs globally reached $249 billion, a month-end record.

    European funds added 39 tonnes of gold, totaling $3.4 billion. It was the largest increase in European ETF gold holdings since March 2022. For most of 2024, European ETFs shed gold.

    Funds based in the United Kingdom and Germany led the way. Falling bond yields and the expectation of interest rate cuts this year in the UK created some tailwinds for gold. In Germany, political uncertainty ahead of earlier-than-scheduled parliamentary elections drove safe-haven demand, along with a pessimistic economic growth outlook and worries about U.S. tariffs.

    Despite record-high gold prices, North American ETFs reported gold outflows for the second straight month in January, with a 5.9-tonne decrease in gold holdings. In dollar terms, North American gold ETFs lost $499 million in metal. According to the World Gold Council, record prices incentivized profit-taking after President Trump's inauguration. There was a pickup in demand in the last week of January, but it wasn't enough to offset outflows earlier in the month.

    Asian fund reported modest gold inflows of 0.3 tonnes, totaling $57 million. Indian funds drove the increase with a record January. According to the World Gold Council, Indian investors "redirected cash to gold amid ongoing global uncertainty and further weakness in domestic equity markets." This was offset by significant gold ETF outflows in China after stronger-than-expected GDP growth. This likely raised investor risk appetite and cooled expectations of further monetary easing.

    Funds in other regions reported gold inflows of 1 tonne, primarily coming from activity in Australia and South Africa.

    Gold training volumes increased in January, averaging $264 billion per day. That was a 20 percent month-on-month increase. This was primarily due to the surging volume on the COMEX.

    Over-the-counter (OTC) volumes increased by 10 percent month-on-month in January.

    Total net longs of COMEX gold futures ended January at 92 tonnes, a 25 percent month-on-month increase.

    Inflows of gold into ETFs can have a significant impact on the global gold market by pushing overall demand higher.

    ETFs are a convenient way for investors to play the gold market, but owning ETF shares is not the same as holding physical gold.

    A gold ETF is backed by a trust company that holds metal owned and stored by the trust. In most cases, investing in an ETF does not entitle you to any amount of physical gold. You own a share of the ETF, not gold itself.

    ETFs are relatively liquid. You can buy or sell an ETF with a couple of mouse clicks. You don’t have to worry about transporting or storing metal. In a nutshell, it allows investors to play the gold market without buying full ounces of metal at the spot price.

    Since you are just buying a number in a computer, you can easily trade your ETF shares for another stock or cash whenever you want, even multiple times on the same day. Many speculative investors take advantage of this liquidity.

    But while a gold ETF is a convenient way to play the price of gold on the market, you don’t actually possess any gold. You have paper. And you don’t know for sure that the fund has all the gold either, especially when the fund sees inflows. In such a scenario, there have been difficulties or delays in obtaining physical metal.
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    Default Re: The Great Gold Heist

    https://x.com/FinanceLancelot/status...23541403435024

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    Default Re: The Great Gold Heist

    https://x.com/MilesFranklinCo/status...24732243435903

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    Default Re: The Great Gold Heist

    January 31st

    https://x.com/scottsdalemint/status/1885398754343477677



    https://www.scottsdalemint.com/artic...s-not-tariffs/

    The Secret Reason USA Wants Its Gold Back! It’s Not Tariffs.

    Gold and Silver are Moving—And It’s Not Just Tariffs


    Gold and Silver are Moving—And It’s Not Just Tariffs

    Gold and silver are being pulled into New York for reasons beyond tariffs. Days ago, we labelled the phenomenon as repatriation. A new pipeline is now draining metal from the LBMA, just as another has been pulling gold and silver toward China through Switzerland for years.

    Today, ZeroHedge published a premium post on the same issue. While they avoided the word “repatriation,” they openly questioned why gold is moving to COMEX, concluding that tariffs alone don’t explain it. Their report highlighted contradictions from officials managing the narrative.

    Contradictions in the Official Story

    Their post starts by questioning the official story out of London

    The Financial Times (FT), usually indifferent to gold flows, made an exception this time. The official explanation? Logistics. Too much gold moving too fast. Yet the same sources also cite liquidity issues, a lack of free-floating gold, and the need to borrow from central banks.

    Which is it? A temporary logistical issue or a shortage of metal?

    Consider this contradiction from the same FT article as noted by ZH:

    “The movement of gold needed to make its way into New York, that is basically what has been driving ‘stockpiling’,” said Joe Cavatoni, market strategist at the World Gold Council. “That is leading a lot of people to say, ‘we want to get ahead of it’, and that is driving the futures market into a premium.”

    At the same time, he claimed:

    “We are not getting a sense from the rhetoric from the administration that it intends to go after the monetary metals.”

    If tariffs aren’t the issue, what’s the rush?

    Reality: Gold Has Been Moving for Quite a While

    This isn’t new. The media ignored it, and bullion managers in London hoped it would go away. But it has been accelerating since August 2023, when the China premium emerged. China was first seen taking delivery of gold from the U.S. in October of that year.

    In November, we reported that a U.S. bullion bank facilitated this delivery. From Exclusive: China Took Delivery of US Gold Last

    Now we can say here, that two unconnected sources confirm the delivery of Gold in China from the USA. One with close Bullion bank ties stated: [T]he Chinese have definitely taken delivery of a bunch of physical New York gold in response to that arb.

    Despite this, U.S. demand for gold surged, likely to at first offset the outflow to China out of NY. But now it is overtaking China exports

    The bottom line: gold is being repatriated to the U.S.

    The Data Confirms It

    The two charts below shows this shift, reflecting COMEX demand vs. London’s physical supply. First we can see the change in metal stored using a chart provided by the FT itself.

    The rest of the article here,


    https://www.scottsdalemint.com/artic...s-not-tariffs/
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    Default Re: The Great Gold Heist

    On the spur of the moment, again I would suggest looking into the two-month hiatus of U. S. Treasury Bonds.

    It may be unprecedented, it's an "extreme measure" in the face of U. S. default, and it has two likely outcomes, violence and volatile markets. And of course gold is fairly "permanent" compared to artificial "dollars".

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    Default Re: The Great Gold Heist

    Text:

    BREAKING EXCLUSIVE: Gold Is Leaving The International System & Flooding Back Into The US At Never-Before-Seen Rates Due To Trump's Economic Warfare

    "A Change In Money As We Know It!"

    Dr. Kirk Elliot Joins Alex Jones To Reveal What The Impact Will Be On The Future Of Precious Metals

    @kirkelliottphd


    » WATCH/SHARE THE LIVE X STREAM HERE:
    https://x.com/i/broadcasts/1YpKkBOXMqAxj

    https://x.com/RealAlexJones/status/1889115681041379333

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    Default Re: The Great Gold Heist

    https://x.com/India2047in/status/1873680640874610975



    https://x.com/BRICSinfo/status/1873413674301591702

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    Default Re: The Great Gold Heist

    https://x.com/KobeissiLetter/status/1889307556658450939



    https://x.com/KobeissiLetter/status/1889307560852750590



    https://x.com/KobeissiLetter/status/1889307565009350767



    https://x.com/KobeissiLetter/status/1889307569228825040



    https://x.com/KobeissiLetter/status/1889307573498654876




    https://x.com/KobeissiLetter/status/1889307577487380500




    https://x.com/KobeissiLetter/status/1889307579542540698

    Last edited by Ravenlocke; 13th February 2025 at 20:18.
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    Default Re: The Great Gold Heist

    Quote Posted by Tigger (here)
    Quote Posted by happyuk (here)
    I think a lot of the fear about gold shortages are speculative noise and an example of the kind of thinking Avalonians should avoid.

    My own criticism of gold is that it's an unproductive asset that just "sits there", unlike businesses that feed, clothe, house, transport, medically treat people etc. And unless it's stored securely, such as in a professional bullion storage, either allocated (gold bars or coins stored under your name) or unallocated (you own a claim to a portion of a gold pool but don’t hold specific pieces), people will rob you for it.

    Markets are complicated things, and occasional shortages in physical gold don't necessarily mean a crisis is imminent.
    I don’t quite agree; I don’t view holding physical gold as being an unproductive asset. It’s a way of storing wealth outside of the ‘fiat’ currency system. If gold were truly ‘unproductive’, it wouldn’t be worth keeping. But countless civilisations have built their fortune on holding physical gold.

    Note that I’m talking about holding physical gold and not gold stocks or allocated gold storage. Happyuk is quite correct in suspecting that a gold ‘shortage’ is not quite the full story. It’s far more likely that the present demand on gold is driving up the price, along with the declining value of ‘fiat’ currencies. I’d speculate that certain banks are buying up large amounts of gold because they know that a financial crisis is imminent and they want to limit their exposure to market forces, which would mean that a shortage of supply is not entirely accurate - it’s a shortage of gold still available in the retail market.

    I’ve been buying up physical gold and silver since 2002. Back in 2002, gold was around AU$400 / oz. Now it’s over AU$4600 / oz. My paycheck has not increased 11-fold in that expanse of time. So I can only assume that the value of the AU dollar has declined in value by a similar amount. I’ll assume that this trend is relative in other currencies.

    In short, the value (purchasing power) of ‘fiat’ currency is the real issue, not the relative gold price.

    I can (and have occasionally), sell some of my physical gold holdings for the ‘fiat’ currency equivalent at great profit on paper. But I would not have increased my wealth by doing so; all I would do is increase my buying power for consumer goods at current market value.

    Chris Masterton at www.peakprosperity.com recently made a video on the gold market, which is well-worth watching. Link below:

    https://peakprosperity.com/something...s-gold-market/

    If inflation was decreasing, then I’d be saving cash in a bank account. But as long as governments keep printing money, the overall purchasing power of a currency will fall. That’s why my AU$400 could buy an ounce of gold in 2002, but I now need AU$4600 to buy the same amount today.

    Happyuk also raises a very sobering point. You can’t “eat” gold. Meaning, unless you can trade gold for food and essentials, gold isn’t worth anything until the economy says it does. I’d suggest that storing gold (and silver!) for wealth-protection is a good idea, but don’t lose sight of how valuable food becomes in a crisis!
    I like silver as that can be used much easier for 'grid down' small transactions . Try buying ptatoes or fuel with gold..
    Silver its also useful to make collodial siver. I am making some right now as it happens...

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    Default Re: The Great Gold Heist

    Quote Posted by Tigger (here)
    Quote Posted by happyuk (here)
    I think a lot of the fear about gold shortages are speculative noise and an example of the kind of thinking Avalonians should avoid.

    My own criticism of gold is that it's an unproductive asset that just "sits there", unlike businesses that feed, clothe, house, transport, medically treat people etc. And unless it's stored securely, such as in a professional bullion storage, either allocated (gold bars or coins stored under your name) or unallocated (you own a claim to a portion of a gold pool but don’t hold specific pieces), people will rob you for it.

    Markets are complicated things, and occasional shortages in physical gold don't necessarily mean a crisis is imminent.
    I don’t quite agree; I don’t view holding physical gold as being an unproductive asset. It’s a way of storing wealth outside of the ‘fiat’ currency system. If gold were truly ‘unproductive’, it wouldn’t be worth keeping. But countless civilisations have built their fortune on holding physical gold.

    Note that I’m talking about holding physical gold and not gold stocks or allocated gold storage. Happyuk is quite correct in suspecting that a gold ‘shortage’ is not quite the full story. It’s far more likely that the present demand on gold is driving up the price, along with the declining value of ‘fiat’ currencies. I’d speculate that certain banks are buying up large amounts of gold because they know that a financial crisis is imminent and they want to limit their exposure to market forces, which would mean that a shortage of supply is not entirely accurate - it’s a shortage of gold still available in the retail market.

    I’ve been buying up physical gold and silver since 2002. Back in 2002, gold was around AU$400 / oz. Now it’s over AU$4600 / oz. My paycheck has not increased 11-fold in that expanse of time. So I can only assume that the value of the AU dollar has declined in value by a similar amount. I’ll assume that this trend is relative in other currencies.

    In short, the value (purchasing power) of ‘fiat’ currency is the real issue, not the relative gold price.

    I can (and have occasionally), sell some of my physical gold holdings for the ‘fiat’ currency equivalent at great profit on paper. But I would not have increased my wealth by doing so; all I would do is increase my buying power for consumer goods at current market value.

    Chris Masterton at www.peakprosperity.com recently made a video on the gold market, which is well-worth watching. Link below:

    https://peakprosperity.com/something...s-gold-market/

    If inflation was decreasing, then I’d be saving cash in a bank account. But as long as governments keep printing money, the overall purchasing power of a currency will fall. That’s why my AU$400 could buy an ounce of gold in 2002, but I now need AU$4600 to buy the same amount today.

    Happyuk also raises a very sobering point. You can’t “eat” gold. Meaning, unless you can trade gold for food and essentials, gold isn’t worth anything until the economy says it does. I’d suggest that storing gold (and silver!) for wealth-protection is a good idea, but don’t lose sight of how valuable food becomes in a crisis!
    Broadly speaking Tigger, I am generally wary of any kind of asset that relies on someone else paying more for it than you did, and which may also include wine, antiques, classic cars, bitcoin, and once upon a time even tulips!- in addition to gold.

    If you'd have invested $10,000 in gold in 1942, by 2018 it would have grown to roughly $400,000. In contrast had you invested in the S&P 500 index it would have grown to approximately $51 million during the same period, due to stock market growth, innovation from unleashing human potential and dividends reinvested - which gold does not generate.

    In any SHTF situation, where bartering becomes necessary I would imagine trading essentials like food, medicine etc in return for something that looks shiny and nice but has no utility would probably generate resentment. I think I would rather own a stake in the gold mine than the gold itself! During the Gold Rush it was the people that manufactured the picks and shovels that made the most money compared to the prospectors.

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    Default Re: The Great Gold Heist

    Bill, I know nearly nothing about such market, but what I can tell from what I hear around in Thailand is: "buy gold". Since begin of 2024 until now, it is called gold frenzy, despite the price surge people still buying it. Nobody deals with gold certificates here, Thai people only buy the physical gold pretty much like Chinese. I believe these gold certificates are a huge scam, I personally would never trust any of these companies. The idea is simple if you don't hold it, you don't own it.
    --
    A chaos to the sense, a Kosmos to the reason.

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    United States Avalon Member Denise/Dizi's Avatar
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    Default Re: The Great Gold Heist

    Quote Posted by Satori (here)
    They are hoarding gold. They, being those who can afford to buy physical gold and safely store it.

    We are witnessing another manufactured scarcity of gold. One effect of hoarding and scarcity is to drive the price, but not the value, of gold (or silver, or other rare metals and rare earth commodities) up. This leads to people using less valuable “money” as a medium of exchange for goods and services, while hoarding the more valuable “money”, e.g., stronger currencies and gold.

    Gold serves as a store of wealth, a unit of account and a medium of exchange for transactions between banks and nation sates. It has been prized as such since time immemorial. Only the very well-to-do can afford to hold large quantities of physical gold and the like.

    Look into Gresham’ s Law. Simply stated as: bad money drives out good money.
    THANK YOU! There is no shortage of gold, we are all sitting on more gold than we could possibly imagine...

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    Australia Avalon Member Tigger's Avatar
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    Default Re: The Great Gold Heist

    Quote Posted by meat suit (here)
    <snip>
    I like silver as that can be used much easier for 'grid down' small transactions . Try buying ptatoes or fuel with gold..
    Silver its also useful to make collodial siver. I am making some right now as it happens...
    Holding physical silver is in many cases more preferential to gold:

    1/. It is (currently!) relatively cheap and cost-effective to acquire. I suspect the silver price has been manipulated heavily downwards in recent years and it is actually worth a lot more than the spot price. Time will tell.

    2/. Silver has important industrial and medical applications and will always be in demand for those applications

    3/. Silver coins (if you have enough of them) are a practicable way of re-seeding a local economy in the event of a currency collapse

    4/. At current spot prices, you can buy approximately 92 1oz silver coins for the the same cost of a single 1oz gold coin. Which makes it a far more practical means of exchange if you’re using it for bartering / purchasing goods and services.

    To expand a little more on points 3 and 4:

    Let’s review some of the most significant episodes in recent history where hyperinflation (due to the collapse of a ‘fiat’ currency) led to almost immediate poverty:
    - Weimar, Germany (1921-1923)
    - Zimbabwe (2007-2009)
    - Hungary (1945-1946)
    - Yugoslavia (1992-1994)

    In these above examples, the ‘fiat’ currency became completely devalued, to the point where it required wheelbarrows to carry enough paper currency to buy bread and other staple foods (Zimbabwe) #1 (Germany #2)

    It is important to understand that ‘fiat’ (paper-based) currencies hold nominal value, not intrinsic value. Fiat currencies are issued by sovereign governments and are not backed by any commodity (e.g. gold, silver). #3

    So when you see the “price of gold” going up, what you’re really seeing is the value of a fiat currency declining.

    In a scenario where the fiat currency declines in value very quickly, your $50 banknote is not likely to buy very much food. But a silver coin is far more likely to buy you some bread & eggs if you have nothing else to barter with. Why? Because a silver coin holds intrinsic value, independently of the local currency.

    Now, if there are enough silver coins in circulation in a local community, that community has a stable means of exchange in circumstances where barter is not a viable option. If trust in the fiat currency falls, silver becomes a very viable alternative.

    These are purely my views; I am not an economist nor a currency expert. I just pay attention to history and I’m sure many people will recognise that, regardless of our collective technical advancements, “Rome” is about to fall once again. The bankers are well-aware of this. They just don’t want us “pleb’s” to know.
    Last edited by Tigger; 14th February 2025 at 09:16. Reason: Minor grammar and sentence structure correction

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    UK Avalon Founder Bill Ryan's Avatar
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    Default Re: The Great Gold Heist

    Here's another short video (just 12 minutes) presenting some high-octane speculation about what might be afoot. It seems extraordinary and extreme, but it might not be impossible. It suggests that the US might revalue its gold — to wild, crazy-high values — in order to solve its desperate debt crisis. This would lead to rampant inflation, with an ievitable global financial reset. Nations with large gold reserves would survive the chaos, while those without would suffer.

    It's one hypothesis that might explain what's going on. If so, what we'd see would be rapidly surging gold prices over the next few weeks or months before such a possible revaluation happens.

    Is the U.S. About to Revalue Gold?


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    Default Re: The Great Gold Heist

    I think it is BRICS that has primarily forced this situation to make the U.S. accountable.Enough of endless money printing and extortion.Lets not forget that there are at least 21 trillion missing ALONG WITH the 35 t admitted.
    Having to curb the addiction of spending more than is being earned will be interesting to watch.
    Trump / u.s. at a few % of the world population threatening BRICS goldback is looking more desperate daily.
    I wish Canada wd join BRICS.

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    Default Re: The Great Gold Heist

    the following is no investment advice:


    I have been following the gold market since 2011 or so. back then, there were very similar rumours like the ones in this chat. so such kind of rumours are not new at all, which does not mean that such rumours are not true. in my opinion, physical gold is one of the most undervalued assets on the planet currently, because its price has been "managed" for decades.

    if you compare gold to the S&P500, it would have to go up "significantly" from its current price, just to keep up with the performance of the S&P500.

    if you take the price of bitcoin as a gold proxy and assume that bitcoin has so far served as a trojan horse to absorb the price increase of gold, the price adjustment of gold would have to be "even higher", to put it very mildy. the same holds for the price of physical silver.

    I am not sure if or to what extent an adjustment in the price of gold would cause actual problems for the global economy. However, avoiding major problems during a potential price adjustment would be an important goal, obviously.

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