[noobtube]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('noobtube', '
')That is a sign of how fast you are destroying your "wealth", not how much "wealth" you have.

[AdamB]

$this->bbcode_second_pass_quote('noobtube', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('noobtube', '
')I think once you get past a certain age, it becomes impossible to gain this understanding

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'A')dam says old people have seen every trick in the book, and Adam has fallen for most of them. It's why he has two useless old Teslas in the carport.

[AdamB]

$this->bbcode_second_pass_quote('noobtube', '
')I remember watching the movie Syriana (2005 with George Clooney), and the top Attorney made a joke about that. Or, watch Wall Street (1987) when Michael Douglas tries to explain to Charlie Sheen how the financial world really works. Or listen to Hal Holbrook's character in the same movie, when you first see him. I also like Jeremy Irons' final speech in Margin Call (2011). He should have said credit, not money. But, the point was made.

[theluckycountry]

$this->bbcode_second_pass_quote('noobtube', '
')
How can GDP measure productivity when the standard of measurement keeps changing every year (the dolluh).

If the 1970 Dollar was the same in 2022, at least GDP would be useful from that standpoint. But, the US government changes the dollar every year

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ') A nation built on lies.

[theluckycountry]

countries around the world continuing to accumulate gold as monetary reserves

$this->bbcode_second_pass_quote('', '.')..the trend of de-dollarization isn’t some far-off future fantasy. It is happening now. Federal Reserve notes as the proportion of foreign reserves has been steadily declining over the past few years. Russia has had no choice but to pursue alternatives to the dollar in response to it being blacklisted from the SWIFT international payments regime. Other nations have taken note of this retaliatory blacklisting – something the U.S. hadn’t even done during the Cold War – and have been increasingly repatriating their gold holdings to insure against future attacks or sanctions.

Now China is looking to strike back at the U.S. as well. President Joe Biden called China’s Xi Jinping a “dictator.” Biden administration officials attempted to downplay the characterization. But offense was clearly taken by the Chinese Communist Party. China moved to enact export controls on critical commodities, including rare earth metals. The United States is nearly 100% dependent on China to supply certain of these rare earths which are needed in high-tech and energy applications.

Treasury Secretary Janet Yellen went to Beijing to try to assuage the Chinese, insisting she wants the two powers to remain trading partners rather than adversaries. Implicit in her appeal to China is that any move on the part of the Chinese to ditch the U.S. dollar and conduct trade in an alternative gold-backed currency would be viewed as an escalation of hostilities.

Of course, there is nothing the Biden administration can do to prevent China, its trading partners, or other countries around the world from continuing to accumulate gold as monetary reserves. The mere fact that gold is being considered by BRICS countries as a basis for international trade should incentivize central banks – and individual investors – to accumulate precious metals. If gold’s role as a global alternative currency is to increase, then so, likely, will its price.

[careinke]

noob, nice job,

I enjoyed looking at the issue through your eyes, and agree with most of it.

BUT:

[quote="noobtube"] ...anyone in the FIRE sector (finance, real estate, insurance), inflation is fantastic.

Wouldn't the above acronym work better if FIRE = (Finance, Insurance, Real Estate)?

Peace

[theluckycountry]

Central Bank Gold Demand In First Half Of 2023 Was The Highest On Record

$this->bbcode_second_pass_quote('', 'D')espite significant selling by Turkey that slowed net central bank gold buying in the second quarter, central banks added a record amount of gold to their reserves through the first half of 2023.

[theluckycountry]

Which central banks around the world are hoovering up the yellow metal? setting a fresh record over the first half of 2023 at over 200 tonnes. Well the usual suspects from the BRICS of course because if you intend to switch from the $US system to a Gold backed system then more is better obviously. Singapore? Well they haven't put a foot wrong since they emerged out of the swamps after WWII. They are just Smart. But third on the list @ 48 tons is Poland?



Poland, why is Poland hording Gold now? We know from recent news they are planning on building the strongest military in Europe, at great expense. How much of that actually happens is for the future to tell but they are now also big Goldbugs. I love that phrase, it was first coined as a derogatory but as a Goldbug I think it's a lot more disarming than "Gold Hoarder" Gold hoarders are dangerous actually. Gold and Guns go hand in hand so to be considered a harmless collector, like a bookworm, is nice.

But Poland isn't a bookworm, they are a militant culture and perhaps they want in on the BRICS too? They haven't said as much, but neither did Saudi Arabia or Iran (two natural enemies) before they were accepted as members. As the $US hegemony collapses there will be a vacuum left behind, and typically, historically, this is filled by Gold until another world power rises to put forth its currency as a standard.

The West continues to divest itself of gold of course, Canada doesn't have a single ounce in it's reserves and like ol england sold it all off at a bear market bottom. What else would you expect from Nazi sympathizers.


https://dollarcollapse.com/jeftovic-can ... old-gaffe/

[EnergyUnlimited]

$this->bbcode_second_pass_quote('theluckycountry', '
')Poland, why is Poland hording Gold now?

[theluckycountry]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')Once mob is sufficiently hostile to EU because all sort of developing ills, then Polexit will be announced.
I give about 5-10 years for it to happen.

[yellowcanoe]

$this->bbcode_second_pass_quote('theluckycountry', ' ')The whole purpose of the EU was to aid in preventing another war (so some commentators say)

[mousepad]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')
we are preparing to leave EU .

[EnergyUnlimited]

$this->bbcode_second_pass_quote('mousepad', '
')The grind is relentless. As your next generation watches american movies containing "the Message", the media performs leftwing indoctrination and your teachers preach to accept (the now still sporadic) 3rd world imports in class as their equivalent in preparation of "the invasion". And the old generation slowly fades away, shaking their head wondering why their granddads even bothered to fight Adolf as their country goes to shit now anyways.

[theluckycountry]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')Feminism is now mocked even in part of mainstream and government is preparing to withhold Poland from Istanbul convention which is dealing with women rights and some other leftist ideology.

To prevent general collapse of pensions and decline of economy government muddles possibilities of admission of migrants

[EnergyUnlimited]

$this->bbcode_second_pass_quote('theluckycountry', '
')I'm really quite over them. I know there are good ones out there, but to me the effort of maintaining a relationship simply isn't worth it anymore. The sex drive is diminishing and I can do without all the baggage they bring to the table.

Here a female Dating Coach gets outed as a hypocrite. Her response though is not atypical, most women feel this way, it's all take and no give outside of a few bones to lure a man into a "relationship" where he provides for her. This woman is a relationship coach and a single mother, she admits she's been on the cockcarousel all her life but believes she can help people in relationships. It's really quite an insight into the female brain.
https://www.youtube.com/watch?v=9cO7SsL25tg

[theluckycountry]

$this->bbcode_second_pass_quote('EnergyUnlimited', '
')I was observing this nonsense and silliness developing while around 20 and have settled with Chinese.
I consciously rejected white women while young and decided to go for something what had IMO a greater chance to work - and it succeeded!

I am quite amused of my wisdom from my young days.
To work out such a move at age of 20 with no assistance and prompting from outside, against my parents and rest of family, against still prevailing social expectations and all that solely base on personal observations is quite an achievement.

[theluckycountry]

$2000 US, which equates to $3000 Aussie, is one of those barriers they talk about. It's hit it three times in the past few years, only to pull back. The chart doesn't show it but it's US$ 1920 today, almost crossing the line again.



One day obviously inflation will push it over, and all this talk about risk_on/risk_off is pure BS as it relates to current action I think. When they post stories up in the mainstream press it's just chatter to justify their own existance, day by day, week by week.

I believe risk/off was no doubt the case back in the years of the GFC though. Lotz of people were scared then. Slow and steady wins the race.

[theluckycountry]

Are the Chinese selling US dollar-denominated assets to buy gold?

It sure looks that way. https://schiffgold.com/key-gold-news/ar ... -buy-gold/