The Young Pretender
@Dioclet54046121
I’m not expecting any visible market detonation at, or immediately after, the Oct 22-24 Kazan summit. Instead, I think fuse will be lit, with a burn time of a few weeks. Then, all of a sudden.
“The BRICS Challenge and the US Response: A New Era of Gold”
https://www.jpost.com/business-and-innovation/precious-metals/article-821429#821429
The US does not have more gold than China. I just don’t believe it.
carlos fitzcarraldo @CFitzcarraldo No coincidence that US is still largest holder... US will also be on top in new system...
Yet another interesting development. The only ones not seen scrambling to buy gold are those who need keep their scramble secret.
#Tanzania orders #gold dealers to reserve 20% for purchase by central bank. https://www.mining.com/web/tanzania-orders-gold-dealers-to-reserve-20-for-purchase-by-central-bank/
Now even the French central bank is acknowledging that the gold vaults are being drained: “BRICS Countries Russia and China Driving Gold Price to Historic Highs Amid Push To Ditch Dollar: Bank of France”
A monetary reset is only the start of the global process of adaptation: “finding practical solutions to adapt the global economy to the new realities”.
The public statements are moving on to describing what the post monetary reset world order will look like.
A financially-naive friend of mine is convinced that fiat is better than gold because fiat pays interest. He has no understanding of the issues, but sticks to his view like glue. It saddens me that most people have been trained so successfully to be financially unenlightened.
