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RUSSIA (and CHINA) PRESSURES ON THE GOLD (and SILVER) MARKET

GOLDBRIX

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9 MIN. MARK started my interests:
 

nowon

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Screenshot_20210604-081526.png
 

the_shootist

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It's hard to believe that someone isn't raking in the dough playing the back channels taking advantage of the ups and downs of this precious metals roller coaster ride
 

the_shootist

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After learning of this yesterday afternoon I increased my position in gold. Keeping in mind that I'm not a polished financial resource like many of you guys, I believe this is a big deal which will translate into some really compelling changes in the PM markets
 

Uncle

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GOLDBRIX

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Two threads on the same topic. See this post.

Apparently gold is not considered a tier1 or 2 capital asset is will not be influenced by Basel 3.

Who to believe?

https://www.goldismoney2.com/thread...he-rise-of-the-yuan-ruble.460585/post-2196437

Another article confirming Zang and Maguire, attributed to Hugo Salinas Price.



Golden Regards
Uncle
Reread Basel III GOLD is already considered a Tier I asset. Since 2018. The DELAYED (since 2018)action to eliminate (Unallocated Gold)paper gold derivatives is to begin in Continental EU June 28, 2021 with Great Britain delaying until January 1,2022. No word yet on when JPM (US agent) and the Aussie's will get on board.
Russia and China are pushing to have Gold, a Tier I Asset, added to the List of Accepted Currencies BIS's SDR ( Special Drawing Rights) Basket is being created for the Global Reset, and Countries with little to no international value currencies.
The global reset is the main reason so many nations are attempting to repatriate their physical gold, back to the home lands.
 

Cigarlover

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Most of the interviews I have heard in the subject lately think this is a non issue for gold. Of course there are those that want to create hype and also demand for gold so they say otherwise.
With this set to go into effect in a few weeks in Europe, I think we would have seen some price action already.
Also, if this is a tier one asset, how do they protect the value of that asset against price depreciation? Are banks just going to buy and hold gold and not hedge against a possible downturn?
 

GOLDBRIX

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Most of the interviews I have heard in the subject lately think this is a non issue for gold. Of course there are those that want to create hype and also demand for gold so they say otherwise.
And their counterparts are claiming it is scheme to keep prices artificially low while also eliminating Unallocated Gold and Silver positions.
OBTW: JPMorgan is the recognized agent in the BIS for the US Government.

With this set to go into effect in a few weeks in Europe, I think we would have seen some price action already.
REMEMBER: The band kept playing while the Titanic sunk. aka - Nothing to see here folks move along. "RUN!!!"
Also, if this is a tier one asset, how do they protect the value of that asset against price depreciation? Are banks just going to buy and hold gold and not hedge against a possible downturn?
The IMF/BIS and those in the SDR will reset the market value of gold which should drag silver along with it as both have been "money" throughout history.
In the long run I believe the CBs, IMF, BIS, and the Nations that are accepted into the new SDR basket may meet to set new standards on occasion.
JPM will lie until they have squeezed the very last drop of profit from THEIR Paper Gold Scheme. and the reason why it appears the US is slow walking to the BIS "party" until 2023.
J. Powell sez FedCoin will be ready by then.
YES, Banks are holding gold just look at JPM, BoE, Central Banks of China and Russia, France, Germany, Norway,.....
 

nowon

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The bullion banks have every gready reason to use affiliated schillls and MSM outlets to run Psy ops in favor of their positions....no surprise
 

nickndfl

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If the USA took better care of theur currency this would not be a big deal. Now we can only fall back on the size of the economy and military.
 

Uncle

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the_shootist

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Uncle

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Just to re-affirm. In the link I posted, is confirmation from BIS, via e-mail, that gold is not tier 1 or 2.

Golden Regards
Uncle
 

dacrunch

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Just replying to the title, might be off topic...

Putin is striving to reduce his $US holdings.
Just told the EU that he'll take EUROS for his natural gas & oil.

I'm noticing (in France) that my $US (retirement payments) are really suffering from falling $$ exchange rates (can't print trillions without reducing value...)...

I just bought online a new screen for my laptop... 75E became $93..... When the Euro first came out, it was the reverse... 75E was $55...

We're not seeing as much "consumer price inflation" here compared to the US... That's due to the PRINTING OF FRNs out of THIN AIR....

The $US appears to be heading the way of not being the "World Safety Reserve Currency" any longer...

Just my own "feeling", I'm no "specialist"... Just an "observer"...
 

GOLDBRIX

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Just to re-affirm. In the link I posted, is confirmation from BIS, via e-mail, that gold is not tier 1 or 2.

Golden Regards
Uncle
"...Currently, paper gold is not a 1st tier asset. Only fully allocated physical bullion that has no counterparty risk attached that qualifies as a first-tier asset. "...

 

GOLDBRIX

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nowon

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Conclusion​

The Basel III agreement will have a major impact on the European banks and also on the UK banks. The Net Stable Funding Ratio requirement will make it difficult for banks and other institutions to keep unallocated gold. So, one of the likely solutions will be to allocate gold. The very fact gold will become a risk-free asset is highly bullish. It will make central banks and other investors raise their gold reserves. All this is highly advantageous for investors holding physical gold.
 

dacrunch

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PMs are "conservation of wealth and purchasing power"... like real estate.

But they are not "income-producing growth assets", except when there is a "reset" of their "valuation" upwards. Therefore NOT an "investment", but a "holding".

Not a way to "get richer". That can only be reached by PRODUCTIVITY... businesses that EXPAND THEIR REVENUES... (which could potentially be "mining shares", but haven't performed AT ALL for the 20 years that I've been into PMs...)
 

GOLDBRIX

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PMs are "conservation of wealth and purchasing power"... like real estate.

But they are not "income-producing growth assets", except when there is a "reset" of their "valuation" upwards. Therefore NOT an "investment", but a "holding".

Not a way to "get richer". That can only be reached by PRODUCTIVITY... businesses that EXPAND THEIR REVENUES... (which could potentially be "mining shares", but haven't performed AT ALL for the 20 years that I've been into PMs...)
That is where one finds Gold Miners or Silver Miners to invest in or to speculate.
Personally I like GOLD - Barrick as an established miner.
My spec play is LRTNF - Pure Gold Mining (CA).
YMMV,
DYODD.
 

Buck

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question:
if the US Congress took $1 Trillion dollars out of the budget for one year, and purchased gold bullion with it, how much gold would be left in Fort Knox?


snark
 

Uncle

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PMs are "conservation of wealth and purchasing power"... like real estate.

But they are not "income-producing growth assets", except when there is a "reset" of their "valuation" upwards. Therefore NOT an "investment", but a "holding".

Not a way to "get richer". That can only be reached by PRODUCTIVITY... businesses that EXPAND THEIR REVENUES... (which could potentially be "mining shares", but haven't performed AT ALL for the 20 years that I've been into PMs...)

dacrunch, it depends where you measure.

In my local currency, gold has done marginally better than share/pension fund returns since forever.

I would have preferred holding gold to contributing to a pension fund.

I've read a long-term study but can't find it now. I've managed to make a chart starting in 2005.

zzurY47M


Golden Regards
Uncle
 

GOLDBRIX

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question:
if the US Congress took $1 Trillion dollars out of the budget for one year, and purchased gold bullion with it, how much gold would be left in Fort Knox?


snark
Many venture - Whatever the Trillion dollar purchase bought.
:gracious:
 

Buck

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nickndfl

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Just replying to the title, might be off topic...

Putin is striving to reduce his $US holdings.
Just told the EU that he'll take EUROS for his natural gas & oil.

I'm noticing (in France) that my $US (retirement payments) are really suffering from falling $$ exchange rates (can't print trillions without reducing value...)...

I just bought online a new screen for my laptop... 75E became $93..... When the Euro first came out, it was the reverse... 75E was $55...

We're not seeing as much "consumer price inflation" here compared to the US... That's due to the PRINTING OF FRNs out of THIN AIR....

The $US appears to be heading the way of not being the "World Safety Reserve Currency" any longer...

Just my own "feeling", I'm no "specialist"... Just an "observer"...

Look at it like this:
1. China owns $2T USTs.
2. $2T used to be a lot of $, now it's what they print up in a few months.
3. Chinese debt is reduced in size, but so is your savings.
4. They want to rasies taxes, but taxes aren't the problem.
5. What we have is a spending problem.
 

dacrunch

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