The Great Gold Heist

[ThePythonicCow]

Posted by ThePythonicCow (here)
But they sure do seem addicted to the control over us that such debt and taxes provide them.

Perhaps the U.S. Dollar, as the world's primary "reserve currency" since World War II, is just the new "Gold" ... a core tool of the dark side to control humanity.

(and in which case, is going from a US Treasury debt foundation for our money to a gold/silver/Bitcoin/... basis little more than getting the cop arresting me to replace the zip ties he used to cuff my wrists with old-fashioned metal cuffs?)

The key question will be whether or not Bankster issued loans will remain the primary way of funding capital investments, from the education, cars, and homes of individuals, to the factories, harbors, highways, militaries and technology development of corporations and governments.

If our major (individual, corporate and government) investments continue to be primarily funded by Bankster lending, then it matters little to me whether they claim the money is "backed" by debt, gold, crypto or petro.

[Ravenlocke]

From Sputnik,

💲📉WHY THE DOLLAR'S REIGN AS A RESERVE CURRENCY IS ENDING

"The [US] dollar is just paper. It’s losing value, and gold is the real winner," James Bradley, an expert on China and author of Flags of our Fathers and The China Mirage, explains to Sputnik.

Bradley highlights that while the US prints dollars, central banks are stockpiling gold. The dollar’s weakness? It’s paper — its value is rapidly diminishing, and gold, once tied to it, is now the asset driving global change.

China and the BRICS nations are laying the groundwork for the yuan by tying it to gold, with the Shanghai Gold Exchange leading the charge. As nations like Saudi Arabia and Russia trade oil in yuan, this shift is undeniable.

"The yuan is being internationalized without a formal announcement, but gold is the secret weapon. This is a monumental shift in global finance."

https://x.com/SputnikInt/status/1943762219008737456

[Ravenlocke]

Text:
Russia, the world's second-largest gold producer, wants to free itself from the dependence of gold prices on the London Stock Exchange. To achieve this, it plans to launch gold trading on the St. Petersburg Exchange by the end of the year.

One of the main objectives of the exchange when launching a new market is to ensure the formation of representative indicators of a competitive market price. Until recently, gold market participants relied on price benchmarks set by the London Stock Exchange.

https://x.com/TomatkaP/status/1944308858002014554

Text:
🇷🇺 #Russia to launch own #GOLD market—ending reliance on #London pricing.
#Moscow aims for sovereignty over gold trade, bypassing #Western financial control and fueling a multipolar shift. #SovereigntyFirst #GoldIndependence #FinancialAutonomy #MultipolarWorld #DecoupleFromWest

https://x.com/RESTinvestigate/status...70499758575856

Text:
Russia To Begin Trading Gold On St. Petersburg Exchange
https://russiaspivottoasia.com/russi...burg-exchange/
St. Petersburg is to emerge as a competitor to the London Stock Exchange in the global trading of gold. #RussiaGold #SPIMEX #GoldMarket

https://x.com/RussiasPivot/status/1944797985520693304

[Ravenlocke]

Russian Precious Metal Exports To China Rise 80% In H1 2025

https://russiaspivottoasia.com/russi...80-in-h1-2025/

China is buying up Russian gold to hedge against economic stresses, while palladium and platinum industrial use imports have also significantly increased during 2025.


https://x.com/RussiasPivot/status/1947318470632206630

https://russiaspivottoasia.com/russi...80-in-h1-2025/

Russian Precious Metal Exports To China Rise 80% In H1 2025
July 21, 2025 China, Economy, Exports, Finance, Trade By Russia's Pivot to Asia
Russia’s precious metals exports to China nearly doubled in the first half of 2025, with gold leading the way as prices continue to soar.

Shipments of Russian gold, silver, and other ores sent to China shot up by 80% compared to the same period last year. The jump lines up with a sharp rally in bullion prices, which have gained around 28% so far this year. The price movement are being pushed by central banks stacking reserves, trade friction between the U.S. and its partners, and investors pouring into exchange-traded funds trying to shield themselves from market uncertainties.

The Bank of Russia was once the biggest central bank buyer of gold but has been sanctioned out of the world’s top trading venues: London and New York. Instead, Russian miners are now targeting Asian demand. A new gold trading bourse will shortly open in St. Petersburg, bringing competition to what was once Western dominated trading.

Russia mines over 300 tons of gold annually, making it the second-largest gold producer in the world. That supply needs a home. For now, most of that is going to China, with Russian palladium and platinum supplies also increasing due to demand from China’s manufacturing sectors.

China and India are the world’s largest consumers of gold, with much of the demand driven by jewellery consumption, but also for some industrial processes and as an investment. In China’s case, official gold reserves have reached 2,292 tonnes, with a significant portion of it being added in the Q1 this year. This was driven by consistent monthly purchases by the People’s Bank of China (PBOC), making its eighth consecutive month of gold accumulation. The PBOC’s strategy is seen as a long-term effort to diversify reserves and reduce reliance on the US dollar.

Palladium is a precious metal primarily used in catalytic converters for vehicles to reduce harmful emissions. It has applications in electronics, dentistry, jewellery, and as a catalyst in various chemical reactions.

Platinum’s primary uses include catalytic converters in vehicles, jewellery, and numerous industrial applications. It is a key component in medical devices, electronics, and fuel cells. Its unique properties, such as a high melting point, resistance to corrosion, and catalytic ability, make it a valuable metal across diverse industries.

Russia’s Norilsk Nickel, is the country’s major producer of palladium and platinum and has turned its focus entirely towards Asia. Prices for palladium are up 38%, and platinum has jumped 59% so far this year. Other metals are following suit. Spot silver gained 0.4% to hit US$38.33 per ounce, platinum added 1.1% to reach US$1,437.53, and palladium climbed 1.3% to US$1,256.98.

Gold prices typically react to global politics especially when the global situation becomes tense. On Monday (July 21), spot gold rose to US$3,369.02 per ounce, while U.S. gold futures hit US$3,376.40. The jump was helped by a weakening U.S. dollar, which slipped 0.2% against other major currencies. That drop made it easier for non-dollar holders to jump into the market and buy gold.

Tim Waterer, a Chief Market Analyst at KCM Trade, stated: “The US dollar has made a subdued start to the week, which has left the door open for gold to post gains early doors with tariff deadlines looming large. The closer we move towards the key August 1 deadline without any new US trade deals emerging, the more likely gold is to start another run towards the US$3,400 level and perhaps beyond.”

Russia has the world’s fifth largest Central Bank gold reserves at 2,332.7 metric tons and possesses an estimated 12,000 metric tons that remain unmined.

Further Reading

Russia’s Gold Reserves Top US$200 Billion

[shaberon]

Posted by ThePythonicCow (here)
The key question will be whether or not Bankster issued loans will remain the primary way of funding capital investments, from the education, cars, and homes of individuals, to the factories, harbors, highways, militaries and technology development of corporations and governments.

If our major (individual, corporate and government) investments continue to be primarily funded by Bankster lending, then it matters little to me whether they claim the money is "backed" by debt, gold, crypto or petro.

It leads to the key issue of all times: State Money.

One has to come to grips with the fact that this was last known to be employed by the Nazis.

You went from people burning millions of Weimar Marks, to a well-funded, expansive industrial base, in a few short years.

Humanity, in general, won't even let you mention this subject, as if there were no such thing.

[Ravenlocke]

According to Bloomberg,

Serbia is set to become the first country in Eastern Europe to repatriate its entire gold reserve (worth an estimated $6 billion) according to Bloomberg. In a move reflecting growing distrust toward the West, Belgrade has decided to pull its bullion out of traditional storage hubs like Switzerland, the UK, and the U.S.

The decision comes “in times of crisis and uncertainty,” as Serbian authorities no longer see value in storing their national wealth abroad, especially in institutions tied to the same Western powers pressuring Belgrade politically.

Currently, a large portion of the world’s gold, valued at over $550 billion, is held at the Bank of England in London, a longtime epicenter of Western gold trade and control.

https://x.com/DD_Geopolitics/status/1948418984178774196

[ThePythonicCow]

Posted by Ravenlocke (here)
Currently, a large portion of the world’s gold, valued at over $550 billion, is held at the Bank of England in London, a longtime epicenter of Western gold trade and control.

Something is not adding up here.

According to (one of) my favorite AI bots, perplexity.ai, using $3400/ounce as the current price of gold (close enough):

At a gold price of $3,400 per ounce, $US 550 billion would purchase approximately 161,765 metric tons of gold.

The major vaults at or in (1) Fort Knox, (2) New York City and (3) London are estimated to hold perhaps 5,000 to 10,000 tons of gold each ... no where close to 161,765 tons.

P.S. - I misread that quoted sentence - that $550 billion is an estimate of the entire world's above ground gold - which would be about right, if estimated when gold was perhaps $2500 to $2900 per ounce, which was approximately the price range of gold late in 2024.

The major London vaults, including the Bank of England, are estimated to hold 8000 to 9000 tons of gold, which is 4+ percent of the world's total above ground gold of about (very approximately) 200,000 tons. That's not what I'd call a "large portion", but certainly a larger portion than most locations.

[neutronstar]

Posted by ThePythonicCow (here)

Posted by Ravenlocke (here)
Currently, a large portion of the world’s gold, valued at over $550 billion, is held at the Bank of England in London, a longtime epicenter of Western gold trade and control.

Something is not adding up here.

According to (one of) my favorite AI bots, perplexity.ai, using $3400/ounce as the current price of gold (close enough):

At a gold price of $3,400 per ounce, $US 550 billion would purchase approximately 161,765 metric tons of gold.

The major vaults at or in (1) Fort Knox, (2) New York City and (3) London are estimated to hold perhaps 5,000 to 10,000 tons of gold each ... no where close to 161,765 tons.

P.S. - I misread that quoted sentence - that $550 billion is an estimate of the entire world's above ground gold - which would be about right, if estimated when gold was perhaps $2500 to $2900 per ounce, which was approximately the price range of gold late in 2024.

The major London vaults, including the Bank of England, are estimated to hold 8000 to 9000 tons of gold, which is 4+ percent of the world's total above ground gold of about (very approximately) 200,000 tons. That's not what I'd call a "large portion", but certainly a larger portion than most locations.

I agree with Bix Wier. There is far more gold than reported. Why would any country or person give an accurate amount of how gold they have? The people at the top don't have to report anything, they make the rules.

Besides the official amount of gold in the world has always seemed sus. to me. Such a tiny amount.