24Knews Gold Thread

24Knews main news & discussion threads
User avatar
Pixel8r
Site Admin
Posts: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Bottom post of the previous page:

Laura wrote: Sun Sep 04, 2022 6:24 pm ^ "Truss, this is Jacob. Hit the nuclear button servant."
That would really 'blow' the market up :lol:
"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: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 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
Laura
Posts: 1202
Registered for: 1 year 8 months
Has thanked: 197 times
Been thanked: 83 times

Re: 24Knews Gold Thread

Post by Laura »

I mentioned Eddie George to a friend yesterday, and lo, a Zh person quoted him. Worth repeating I think:-
https://www.zerohedge.com/markets/force ... b3478da20f

In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
"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: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

Laura wrote: Sat Oct 01, 2022 4:02 am I mentioned Eddie George to a friend yesterday, and lo, a Zh person quoted him. Worth repeating I think:-
https://www.zerohedge.com/markets/force ... b3478da20f

In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
Imagine what the true price of gold will be once we return to it as currency. I suspect we are about to be finding out that there is a lot more gold than thought and gold will return as the ultimate currency. The manipulation of the gold price has been very much a central bank mission for many years.

I see us moving to a world without the financial manipulation that the KM central banks have been responsible for. I suspect that silver will show the best gains, as it has been more heavily manipulated and there is much less of it than is traded.
"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: 1202
Registered for: 1 year 8 months
Has thanked: 197 times
Been thanked: 83 times

Re: 24Knews Gold Thread

Post by Laura »

Basics, but the last two quoted sentences give figures to make one smile
https://internationalman.com/articles/t ... ry-system/

The Top 3 Outcomes As the Elites Try To Reset the International Monetary System

........ All the value stored in US dollars, euros, and other fiat currencies will be siphoned out and transferred elsewhere.

This process is already well underway.

For example, from the start of the Covid hysteria in March 2020 until today, the Federal Reserve has printed more money than it has for the entire existence of the US. It’s the biggest monetary explosion that has ever occurred in the US.

During that period, the US money supply increased by a whopping 41%.

In other words, if your after-tax wealth did not grow more than the 41% hurdle rate since March 2020, you are on the wrong side of the wealth transfer and losing ground.

You’re on the road to serfdom.

As bad as the situation with inflation is right now, it’s nothing compared to what is ahead of us.

The coming money printing could be unlike anything we’ve ever seen before.

The key is to position yourself on the receiving end of this wealth transfer. That way, you can avoid disaster and set yourself up for enormous potential gains.

Owning free-market monetary alternatives like gold and Bitcoin—and the companies that produce them—is an excellent way to do that.

I think one thing is sure, though.

Outcome #1 and Outcome #2 would be terrific for the price of gold.

CBDCs and SDRs will enable even more inflation, which would be positive for gold.

Central banks going back to a monetary system based on gold would, of course, be positive for gold.

Let’s look at a conservative scenario and presume the US government has the 261 million ounces of gold it claims to have.

If the US government used a 25% gold backing for the dollar—using the M2 measure of the money supply—it would imply a gold price of $20,773 per ounce.

If the US government backed the dollar 100% with gold, it would imply a gold price of $83,091 per ounce.
"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: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 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
Acton Boy
Posts: 73
Registered for: 1 year 8 months
Has thanked: 13 times
Been thanked: 19 times

Re: 24Knews Gold Thread

Post by Acton Boy »

Investment Bankers Looking for Gold, with Joshua Saul

https://odysee.com/@TheMarketSniper:f/I ... hua-Saul:6
User avatar
Pixel8r
Site Admin
Posts: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 times
Gender:
Contact:

Re: 24Knews Gold Thread

Post by Pixel8r »

New bill introduced to bring the U.S. back to the gold standard to control gov't spending and inflation
Kitco News) - One American politician proposes bringing stability back to the U.S. economy and its currency by introducing a new gold standard.

Last week, U.S. House Representative Alex Mooney (R-WV) introduced the Gold Standard Restoration Act. The bill looks to peg the U.S. dollar to gold to address the growing inflation threat, massive deficit spending and instability within the U.S. monetary system.

"The gold standard would protect against Washington's irresponsible spending habits and the creation of money out of thin air," said Rep. Mooney in a statement.

"Prices would be shaped by economics rather than the instincts of bureaucrats. No longer would our economy be at the mercy of the Federal Reserve and reckless Washington spenders," Mooney added.

The bill noted that the dollar, referred to as the Federal Reserve note, has lost more than 30% of its purchasing power since 2000. At the same time, the U.S. has lost 97% of its purchasing power since the Federal Reserve Act was passed by congress in 1913...
"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: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 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: 7051
Registered for: 1 year 8 months
Has thanked: 93 times
Been thanked: 201 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)
Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests