24Knews Gold Thread

24Knews main news & discussion threads
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Bottom post of the previous page:

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Image
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Laura
Posts: 888
Registered for: 1 year 3 months
Has thanked: 123 times
Been thanked: 40 times

Re: 24Knews Gold Thread

Post by Laura »

"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

I noticed today that the price that Russia fixed for purchasing gold was set at 5000 Rubles per gram. At the time that was 20% below the market price.

The Ruble has since strengthened and now the fix price is above the market price. The current market price is 4,979 RUB per gram.

The return to gold backing of currencies and the end of fiat debt-based money system is moving quickly.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Pixel8r wrote: Thu Apr 21, 2022 1:52 pm I noticed today that the price that Russia fixed for purchasing gold was set at 5000 Rubles per gram. At the time that was 20% below the market price.

The Ruble has since strengthened and now the fix price is above the market price. The current market price is 4,979 RUB per gram.

The return to gold backing of currencies and the end of fiat debt-based money system is moving quickly.
The price on the open market at close on Friday is now RUB 4,411.93 per gram.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

The return to the gold standard will be lead by the BRICS nations.

Russia Is Returning To The Gold Standard: Is China Next?
No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that.

And I’m predicting that no sooner will the gravity of this decision finally sink in with the West that China will follow closely in Russia’s footsteps and do the same...
Image
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

An update on the Russian Ruble gold fix. They stated that they would buy Gold at 5000 Rubles per gram. When they said that the official market price was around 6500 Rubles per gram.

The price now is 3,789 RUB per gram. Looks like a great arbitrage to me, if you could only work out how to borrow dollars, buy gold and sell it to Russia.
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Site Admin
Posts: 5058
Registered for: 1 year 3 months
Has thanked: 44 times
Been thanked: 126 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Interesting choice of words

"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest