People don’t understand the consequence is to use gold as a currency This is the most dangerous thing you can ever do for example, right now you got a YouTuber they can make $1 million just to make videos but you know how hard it is to extract $1 million worth to gold out of the ground, that’s why the math just don’t got up. this world create more wealth than actually that we have in physical gold out of the thin air
The days when these vast Ponzi schemes which has given the US the exorbitant privileges of being able to make infinite amounts of money out of thin air and use them to oppress and bully other countries into submission is soon coming to an end.
For such a strategy to succeed, China would almost certainly have to reprice gold significantly way higher than today's spot price. If its priced to low, and the United States viewed such a move as a serious threat to the U.S. dollar's reserve currency status, it could easily respond by creating additional dollars to purchase and remove physical gold from global markets, including from China.
How can I participate in the physical gold rally in my IRA? I own GLDM which is supposedly an ETF that holds bullion but wasn’t sure if that is “physical” enough or just paper
What happens when we just dig up more gold? Aren’t new deposits or mines being discovered recently due to higher prices? More supply needs your gold reserve is worth even less paper USD 😆
I may be wrong. But I thought GOLD ETF goes through a vigorous audit of custodian JP Morgan and HSBC on their allocated accounts of physical gold. And these physical gold are off the books of these custodian and cannot be sold as unsecured assets.
If what you claim that physical gold and paper gold are not priced the same, that is a major fraud case involving hundreds of billions of dollars.
Now imagine one has NEVER seen an honest and fair market since the inception of the federal reserve. From the early 1800s to 1913, America had the largest boom of wealth creation ever seen because we DIDNT have a fiscally large government and we DID NOT have a central bank. And now we are here
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If what you claim that physical gold and paper gold are not priced the same, that is a major fraud case involving hundreds of billions of dollars.
Hard to control when it's fair/honest.