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.

[shaberon]

Right now there seems to be a little confusion:

According to a ruling on the U.S. Customs and Border Protection (CBP) service's website on Friday, Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, a move that would roil the metal's global supply chains.

A post about tariffs caused stocks and futures to reach record highs, while physically sending gold to the United States stopped.

The White House is attempting to "clarify" something, that it does not mean to apply ridiculous double-digit surcharges, but, at least temporarily, the mere hint has been enough to interrupt reality, while, of course, giving a tremendous jump to certain "finances".

[Ravenlocke]

From DD Geopolitics,

🇦🇪💰 UAE’s gold reserves surged 25.9% in just the first 5 months of 2025.

Yet the Emirates don’t own a single gold mine.

So where’s it coming from?

➡️ Mali, Sudan, & the Sahel.
➡️ In 2022 alone, $30B+ in gold was smuggled out of Africa, most to the UAE.
➡️ From 2012–2022: 2,569 metric tons, worth $115B, flowed from Africa to the Emirates exclusively.

Dubai built its gold empire on African blood.

https://x.com/DD_Geopolitics/status/1960356574788251985

[Ravenlocke]

Arab News Business

#Gold reserves held by the Central Bank of the #UAE increase by 25.9% during the first five months of 2025

https://x.com/ArabNewsBiz/status/1958537072148668781

The Central Bank of the UAE has significantly expanded its gold holdings.

The UAE’s gold reserves rose 25.9% in the first five months of 2025...

@LukeGromen
and I spent quite a bit of time discussing the accumulation of #gold by countries in the latest GT conversation.

https://x.com/GoldTelegraph_/status/1959748350997049511

GOLD TELEGRAPH CONVERSATION #10
LUKE GROMEN

"Gold has already defeated long-term Treasuries as the world's reserve asset. Gold won by knockout… throw in the towel, it's over."

In this episode, Luke explains why central banks are stockpiling record amounts of gold, why secrecy itself has become part of the strategy, and how this points to a world preparing for profound change.

This isn't a conversation about headlines, it's about the forces shaping the future of money.

I hope you enjoy the discussion, and thank you,
@LukeGromen
, for joining me.

TIMESTAMPS

(0:24) Luke’s Journey into Macro

(5:24) Disconnect Between Narratives and Reality

(11:14) Why QE pushed him toward gold as a neutral reserve

(15:50) Gold’s Unique Role

(16:07) Central Banks and Sovereignty

(17:57) Symbolism or Financial Defiance?

(24:06) The Greenspan Moment — Printing as default avoidance

(24:59) Why Gold Flows Are Obscured

(29:45) Quiet Accumulation & Shift in Monetary Order — Why chips must be spread before a new system

(34:12) Gold vs. the Dollar

(38:51) Western Mockery of Gold

(42:45) Could Gold Slip Into Trade Settlement?

(45:40) Stablecoins and Gold

(47:56) Fort Knox and the Vanishing Story — Why talk of audits disappeared

(49:50) BRICS — Net settlement in gold

(55:55) How revaluation could collateralize debt in a reset

(59:51) Lessons From the Nixon Shock

(1:03:05) Luke’s Personal Playbook — How he protects wealth in an uncertain world

https://x.com/GoldTelegraph_/status/1959748675590111320

[TrumanCash]

Like so many people and as mentioned in the video above, I'm wondering what happened to the talk of auditing the physical supply of gold at Ft Knox, etc. And as far as how much gold that each country physically holds--Who do you trust?

After having been in a D.U.M.B. and given the extensive deep underground tunnel system in the US and the world, I can easily see that it could be used by banks and countries to move gold around secretly.

[Ravenlocke]

From S. L. Kanthan
India’s central bank dumps US dollar and buys gold.

Trump tries to save USD but does the opposite.

https://x.com/Kanthan2030/status/1962838930149253376

https://x.com/bsindia/status/1962395716539863219

[shaberon]

Posted by Ravenlocke (here)
India’s central bank dumps US dollar and buys gold.

Trump tries to save USD but does the opposite.

Here, you can see the track from the "end of the gold standard" to now:






We're approaching the next episode of "kick the can".

The "answer" is to make Treasuries more attractive by increasing yield:

Benchmark 10-year Treasury yields, which rise when bond prices drop, surged by nearly five basis points to 4.269%, while 30-year yields surged to their highest since mid-July.

As we saw earlier, this year the Treasuries have not issued any new debt, they have only "rolled over" or replaced anything that was cashed in. So, the U. S. needs to sell a year's worth of new debt in the next four months. Does that seem likely?

With this move:

U.S. manufacturing contracted for a sixth straight month in August as factories dealt with the fallout from the Trump administration's import tariffs, with some manufacturers describing the current business environment as "much worse than the Great Recession."

It does not seem likely.

Things are evidently good for the algos and "High Speed Traders", but, if they can't meet a call, the first thing they will lose is their home.

This does not enthuse me:

Some makers of transportation equipment said conditions were worse than the 2007-09 recession, adding "there is absolutely no activity" and "this is 100 percent attributable to current tariff policy and the uncertainty it has created." Some viewed the conditions as consistent with "stagflation."

Some electrical equipment, appliances and components producers complained that "'made in the USA' has become even more difficult due to tariffs on many components." They said the "administration wants manufacturing jobs in the U.S., but we are losing higher-skilled and higher-paying roles." Others reported that because of the lack of "stability in trade and economics, capital expenditures spending and hiring are frozen."

Manufacturers of computer and electronic products said "tariffs continue to wreak havoc on planning and scheduling activities," adding that "plans to bring production back into (the) U.S. are impacted by higher material costs, making it more difficult to justify the return."

Food, beverage and tobacco products manufacturers warned that everything made of organic sugar was "about to get significantly more expensive" because of a 50% tariff on imports from Brazil and the U.S. Department of Agriculture's elimination of the specialty sugar quota.

With production declining, factory employment remained subdued, with the ISM noting that "layoffs and not filling open positions remain the main head-count management strategies."

"The grim hiring picture for manufacturing suggests companies have little confidence that a sustained improvement in demand lies around the corner," said Oliver Allen, senior U.S. economist at Pantheon Macroeconomics.

Tariffs have been slow to pass through to higher inflation, with economists arguing that businesses are still selling merchandise accumulated before the import duties kicked in.

Businesses also have been absorbing some of the tariff-related costs. But inventories were drawn down in the second quarter and companies have warned tariffs are raising their costs, which economists expect will eventually be passed on to consumers.

[Ravenlocke]

JUST IN: 🇸🇻 El Salvador buys $50,000,000 worth of Gold

https://x.com/WatcherGuru/status/1963744914547888494

🟢JUST IN: El Salvador buys $50,000,000 worth of Gold.

Gold has been surging and Bukele must think it's going to the moon.

Remember he was the one of the pioneer to buy Bitcoin in huge bulks when no one was believing that it will hit ATH someday. Buleke buying gold at ATH !!!

https://x.com/SmartMoneyData/status/1964019722036388115

El Salvador has acquired nearly $50 million worth of gold as part of the nation’s broader move to diversify its international reserves and solidify financial stability amid heavy exposure to Bitcoin. $GLD $BTC

https://x.com/mining/status/1964000701794668837

[Ravenlocke]

From Sputnik,

🇷🇺🪙Gold Rush: Russia expands its reserves at stunning pace

In the first half of 2025, Russia added 450 tonnes of gold to its national reserves.

That was a massive 44% increase compared to the 313 tonnes added in the first half of 2024.

The country is on track to add over 500 tonnes by the end of the year.

Russian Natural Resources Minister Alexander Kozlov says that if large new deposits are discovered, the figure could be even HIGHER.

It follows a record-breaking 2024, when Russia's gold reserves grew by nearly 900 tonnes.

https://x.com/SputnikInt/status/1964425874276860109

[shaberon]

The answer this time is nothing. It's a proposed Continuing Resolution, a type of self-granted four-month extension because, again, American finances will simply go splat and governmental functions begin to be unfunded on Oct. 1:

House Speaker Mike Johnson (R-La.) told reporters in a press conference on Tuesday that “we have not done the appropriations process the way it is legally supposed to work in a long, long time around here.” Lawmakers have to pass a comprehensive spending plan for fiscal 2026, or approve a continuing resolution before Oct. 1 to avoid a government shutdown.

We just have to think responsibly how to spend less money than we did last year.

“Delaying the critical work of funding the government until the end of January is only step one in President Trump and [OMB Director] Russ Vought’s plan to never fund it at all,” DeLauro said in a statement.

As you know, the bi-partisan thing is always used to string these issues on the ropes until the eleventh hour and come out with some rushed compromise.

Treasury Bonds are, of course, falling off the horse and being replaced by gold. We haven't heard that this year sees the issuance of any new debt, but is simply rolling over old notes that are cashed in.

One notes another undoubtedly American-supported strike on Qatar at this time.

You don't expect Congressmen to take a 100% pay cut in order to chip into the savings, do you?

End Income Tax.

[Ravenlocke]

“Buy gold at the Shanghai Exchange and store the gold in China” 💥

— That’s the message from the Chinese central bank (PBOC) to friendly nations.

Biggest challenge to the US dollar yet! And a brilliant geopolitical move.

https://x.com/Kanthan2030/status/1970519372629410213

Source:

China aims to become custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market, according to people familiar with the matter.

The People’s Bank of China is using the Shanghai Gold Exchange to court central banks in friendly countries to buy bullion and store it within the country’s borders,

https://x.com/Kanthan2030/status/1970519382192464377

[shaberon]

While we are waiting to figure out the price of gold, or if it is real, this represents the current store of value:

White House begin mass firings of federal workers

US President Donald Trump on Friday blamed Democrats for his decision to lay off thousands of workers across the US government as he followed through on his threat to cut the federal workforce during the government shutdown.

Job cuts were under way at the Treasury Department, the US health agency, the Internal Revenue Service and the departments of education, commerce, and Homeland Security's cybersecurity division, spokespeople said, but the total extent of the layoffs was not immediately clear. Roughly 300,000 federal civilian workers had already been set to leave their jobs this year due to a downsizing campaign initiated earlier this year by Trump, Reuters news agency reported.

"They started this thing," Trump told reporters during an event in the Oval Office, calling the job cuts "Democrat-oriented."

Trump's Republicans hold majorities in both chambers of Congress, but need Democratic votes in the US Senate to pass any measure that would fund the government.

Democrats are holding out for an extension of health-insurance subsidies, arguing health costs will increase dramatically for many of the 24 million Americans who get their coverage through the Affordable Care Act.

Trump has repeatedly threatened to fire federal workers during the shutdown standoff, in its 10th day on Friday, and has suggested his administration will aim primarily at parts of the government championed by Democrats.

Trump has also ordered the freezing of at least $28 billion in infrastructure funds for New York, California and Illinois - all home to sizable populations of Democratic voters and critics of the administration.

The Justice Department said in a court filing more than 4,200 federal employees had gotten layoff notices at seven agencies, including more than 1,400 at the Treasury Department and at least 1,100 at the Department of Health and Human Services.

Democrats said they will not cave to Trump's pressure tactics.

Again, rather than temporary furloughs with back pay, most of that is done.

Do you see a reduction in the military, NED funding, or anything that might impede transhumanism?

I see people turned out into an economy that has nothing to offer them. We don't, because it has been taxed for foreign intervention to some -$36 T. Now they are scrambling for cash to cover their Debt Service. You'll freeze to death before they skip a bank payment.

I call this a heist, a form of armed robbery in progress. On the receiving side, all the cost of living factors have jumped drastically. While everything is swimmy for the abstract financial people, it disposes of well-being for the rest of us; is a failed system although it technically still has a pulse.

[TrumanCash]

Posted by shaberon (here)
While we are waiting to figure out the price of gold, or if it is real, this represents the current store of value:

White House begin mass firings of federal workers

US President Donald Trump on Friday blamed Democrats for his decision to lay off thousands of workers across the US government as he followed through on his threat to cut the federal workforce during the government shutdown.

Job cuts were under way at the Treasury Department, the US health agency, the Internal Revenue Service and the departments of education, commerce, and Homeland Security's cybersecurity division, spokespeople said, but the total extent of the layoffs was not immediately clear. Roughly 300,000 federal civilian workers had already been set to leave their jobs this year due to a downsizing campaign initiated earlier this year by Trump, Reuters news agency reported.

"They started this thing," Trump told reporters during an event in the Oval Office, calling the job cuts "Democrat-oriented."

Trump's Republicans hold majorities in both chambers of Congress, but need Democratic votes in the US Senate to pass any measure that would fund the government.

Democrats are holding out for an extension of health-insurance subsidies, arguing health costs will increase dramatically for many of the 24 million Americans who get their coverage through the Affordable Care Act.

Trump has repeatedly threatened to fire federal workers during the shutdown standoff, in its 10th day on Friday, and has suggested his administration will aim primarily at parts of the government championed by Democrats.

Trump has also ordered the freezing of at least $28 billion in infrastructure funds for New York, California and Illinois - all home to sizable populations of Democratic voters and critics of the administration.

The Justice Department said in a court filing more than 4,200 federal employees had gotten layoff notices at seven agencies, including more than 1,400 at the Treasury Department and at least 1,100 at the Department of Health and Human Services.

Democrats said they will not cave to Trump's pressure tactics.

Again, rather than temporary furloughs with back pay, most of that is done.

Do you see a reduction in the military, NED funding, or anything that might impede transhumanism?

I see people turned out into an economy that has nothing to offer them. We don't, because it has been taxed for foreign intervention to some -$36 T. Now they are scrambling for cash to cover their Debt Service. You'll freeze to death before they skip a bank payment.

I call this a heist, a form of armed robbery in progress. On the receiving side, all the cost of living factors have jumped drastically. While everything is swimmy for the abstract financial people, it disposes of well-being for the rest of us; is a failed system although it technically still has a pulse.

Federal Reserve Auditing Unit Denominations = F.R.A.U.D.s The FRAUD began on December 23rd, 1913 when most congress people went home for Christmas. Am I wrong about that? Does not FRAUD vitiate a contract? Who contracted with what? Who is challenging the original FRAUD?