@derryb said: “ Consider the possibility that Russia will soon demand payment in gold for it's oil and gas exports. . . and its affect on the price of gold.”
Not likely. In a very short time, China is likely to be the main market for Russian oil and gas, and the Russians will (of necessity) accept yuan.
@derryb said:
Consider the possibility that Russia will soon demand payment in gold for it's oil and gas exports. . . and its affect on the price of gold.
Yup. China can afford to pay for Russian Oil via Gold. Question is, do they want to.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@blitzdude said:
Your "previous guy" created $9T in debt and damn near bankrupt this great nation.
You obviously have no idea who creates national debt. There should be a minimum knowledge level along with a minimum age to be able to vote.
Yup...its best to blame the janitor for aftermath of the party. Lol
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
China is likely to be the main market for Russian oil and gas, and the Russians will (of necessity) accept yuan.
That's a synergy which will reduce demand for dollars, and could (and probably will) draw other major countries into that sphere and away from the dollar.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: That's a synergy which will reduce demand for dollars, and could (and probably will) draw other major countries into that sphere and away from the dollar.
I can think of the following major countries that won’t be drawn into a reserve currency scheme led by China: US, UK, Canada, Australia, Japan, South Korea, Germany, and France. Which ones do you think will be drawn in?
@blitzdude said:
Yawn, they've been talking about the death of the dollar my entire lifetime. Guessing demand will continue going nowhere but up. RGDS!
PS: The same goes for Gold. THKS!
You fail to realize that by demanding twice as many dollars for a gallon of gas than six months ago the dollar is worth half as much as it was six months ago. Demand for more dollars for the same grocery cart of food is a sign that the dollar is dying.
Current international events are expediting its death as the world's reigning currency. The dollar's strength and ensured longevity has for decades been dependent on it's role in the world economy. By requiring other nations to use if for international trade, even if the trade was not with the US, it created international need for dollars keeping the dollar strong. It's dominance on the world stage has been enforced by a strong military around the globe to "convince" those who considered other international payment alternatives to stick with the dollar. Foreign users of the dollar are now having a wider range in alternative payment methods thanks to the lead taken by countries too powerful or too large to invade.
Domestically we are stuck with it's declining ability to purchase. Look for more zeros to be added to the notes. lol
@blitzdude said:
Yawn, they've been talking about the death of the dollar my entire lifetime. Guessing demand will continue going nowhere but up. RGDS!
PS: The same goes for Gold. THKS!
Domestically we are stuck with it's declining ability to purchase. Look for more zeros to be added to the notes. lol
Turns out I'm already a Trillionare. Bring it.
PS: It also now takes more dollars to buy gold.
Stopped buying awhile back (except for a few euro bullion pieces) Too rich for my blood. If she dips the powder is ready. RGDS!
@blitzdude said:
Yawn, they've been talking about the death of the dollar my entire lifetime. Guessing demand will continue going nowhere but up. RGDS!
PS: The same goes for Gold. THKS!
You fail to realize that by demanding twice as many dollars for a gallon of gas than six months ago the dollar is worth half as much as it was six months ago. Demand for more dollars for the same grocery cart of food is a sign that the dollar is dying.
Current international events are expediting its death as the world's reigning currency. The dollar's strength and ensured longevity has for decades been dependent on it's role in the world economy. By requiring other nations to use if for international trade, even if the trade was not with the US, it created international need for dollars keeping the dollar strong. It's dominance on the world stage has been enforced by a strong military around the globe to "convince" those who considered other international payment alternatives to stick with the dollar. Foreign users of the dollar are now having a wider range in alternative payment methods thanks to the lead taken by countries too powerful or too large to invade.
Domestically we are stuck with it's declining ability to purchase. Look for more zeros to be added to the notes. lol
PS: It also now takes more dollars to buy gold.
Taking less the last two trading days.
Gold down - dollar up? It must be if we can buy more gold than on Thursday.
@jmski52 said: Which ones do you think will be drawn in?
India, Brazil, Saudi, Iran................
Here ya go jmski. India will use rupees to buy Russian oil---at a discount!!! You know how much oil India annually buys from Russia? An amount equal to the revenue of WalMart---in one day. Lol
I showed you earlier that 95% of the world combined, doesnt equal the GDP of the USA.
@blitzdude said:
Your "previous guy" created $9T in debt and damn near bankrupt this great nation.
You obviously have no idea who creates national debt. There should be a minimum knowledge level along with a minimum age to be able to vote.
Yup...its best to blame the janitor for aftermath of the party. Lol
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
@blitzdude said:
Your "previous guy" created $9T in debt and damn near bankrupt this great nation.
You obviously have no idea who creates national debt. There should be a minimum knowledge level along with a minimum age to be able to vote.
Yup...its best to blame the janitor for aftermath of the party. Lol
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
Presidents don't authorize spending either...
They do have veto power. But they like to party too
@blitzdude said:
Your "previous guy" created $9T in debt and damn near bankrupt this great nation.
You obviously have no idea who creates national debt. There should be a minimum knowledge level along with a minimum age to be able to vote.
Yup...its best to blame the janitor for aftermath of the party. Lol
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
Presidents don't authorize spending either...
They do have veto power. But they like to party too
and congress has the power to prevent/block a veto. Civics 101, sign up.
@blitzdude said:
Your "previous guy" created $9T in debt and damn near bankrupt this great nation.
You obviously have no idea who creates national debt. There should be a minimum knowledge level along with a minimum age to be able to vote.
Yup...its best to blame the janitor for aftermath of the party. Lol
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
Presidents don't authorize spending either...
They do have veto power. But they like to party too
and congress has the power to prevent/block a veto. Civics 101, sign up.
Exactly comrade. Funny how everytime you say its the Fed s fault, and I correct you by saying its Congresses fault, i get an LOL from you and taxmad. But now you agree.
and congress has the power to prevent/block a veto. Civics 101, sign up.
Exactly comrade. Funny how everytime you say its the Fed s fault, and I correct you by saying its Congresses fault, i get an LOL from you and taxmad. But now you agree.
I love this place!!!
As I stated earlier in this thread, Congress is responsible for the high national debt (spending). It is the FED's fault for providing them the means (funny money creation) to spend what they do not have and for helping them keep the interest cost down on that debt with low interest rates. Unfortunately both of these FED actions have had spelled disaster for the consumer and for the economy.
@cohodk said:
Gold down $180 in 5 days. Was up $180 in the 5 days prior.
Nice volatility. 😉💋
Agian, dont blame the janitor for having to clean up after the party and remember, it is you, that elects the partiers.
Sign up for a math class as well. Gold is down $55.25 over the past five trading days and it was up $40.40 in the five days prior. Volatility is slowly picking up with all of the international uncertainty but it is far from "nice."
As PM prices rise look for CME Group to use its nuclear option (as it has done in previous PM price spikes) and raise the margin requirements for futures contracts. This in turn reduces the demand and spot price for PMs in the futures markets.
Also look for the London Bullion Market Assocation (LBMA) and COMEX to soon experience shortages of physical metals as sanctions have cut off the six Russian suppliers of approved precious metal bars to their vaults. Russia exported 51.8 tons of gold in the first quarter of 2021 alone. Also look for existing Russian branded and marked bars in LBMA and COMEX vaults to carry a "Scarlet Letter" as they will become hard to dispose of in the secondary market and will likely require melting and re-fabrication/assaying by subsequent owners who take delivery of them. I imagine they will be the first out of the door of the LBMA and COMEX vaults. If so, this will likely result in a temporary reduction in delivery demand as contract holders will consider them a hot potato.
As noted in the link in the previous post, increased internal gold demand in Russia will absorb much of this now available gold. China's Shanghai Gold Exchange (SGE) will likely continue to be a buyer of Russian metals.
As the world-wide sanctions grow and meet counter-sanctions, international trade will slow and in some cases end. Citizens of the world will suffer simply because of the highly inflated ego of two men and the puppet who finds himself stuck between them. Gold will be the only beneficiary.
@cohodk said:
Gold down $180 in 5 days. Was up $180 in the 5 days prior.
Nice volatility. 😉💋
Agian, dont blame the janitor for having to clean up after the party and remember, it is you, that elects the partiers.
Sign up for a math class as well. Gold is down $55.25 over the past five trading days and it was up $40.40 in the five days prior. Volatility is slowly picking up with all of the international uncertainty but it is far from "nice."
Haha. Silly Comrade. You wrong again When will you learn?
Only 15K more than the 1st quarter of 2021. Must be the Russkis piling on although highly unlikely. Read somewhere else they are only paying $1,600ozt. lol
@blitzdude said:
Must be the Russkis piling on although highly unlikely. Read somewhere else they are only paying $1,600ozt. lol
That was their introductory offer. Sorry if you didn't get in on it but since you instead likely over paid guess we'll just have to get used to it being called a gutter metal. LOL
Only 15K more than the 1st quarter of 2021.
Doesn't matter if it's one more, still strongest demand in 23 years. Almost only counts with hand grenades. Strait from the coho school of marginalizing the facts - distract. lol
@blitzdude said:
Must be the Russkis piling on although highly unlikely. Read somewhere else they are only paying $1,600ozt. lol
That was their introductory offer. Sorry if you didn't get in on it but since you instead likely over paid guess we'll just have to get used to it being called a gutter metal. LOL
Gold? LOL Gold is far from a gutter metal. I have plenty and guess what, I haven't bought any directly from the mint in AT LEAST 23 years. Enjoy your new bunker life in Russia. Take Q with ya. GD LK!
Gold? LOL Gold is far from a gutter metal. I have plenty and guess what, I haven't bought any directly from the mint in AT LEAST 23 years. Enjoy your new bunker life in Russia. Take Q with ya. GD LK!
I'm puzzled. What are your reasons for owning gold if you think that gov.com and the banking cartel that run things here are so great at looking out for your interests as a citizen? Why are you holed up and going Galt with self-?reliance if you are so gung-ho about "the system"?
Just because derryb or anyone else identifies the problem as our own gov.com policies, it doesn't mean squat about what he thinks about Russia. Get a broader perspective than what you're being spoon-fed by the TV.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
When the janitor is the only person that can authorize the party, that would be the reasonable conclusion...
Oh - and Lol
Consider the possibility that Russia will soon demand payment in gold for it's oil and gas exports. . . and its affect on the price of gold.
Give Me Liberty or Give Me Debt
Better to have it and not need it, than need it and not have it.
100% Positive BST transactions
@derryb said: “ Consider the possibility that Russia will soon demand payment in gold for it's oil and gas exports. . . and its affect on the price of gold.”
Not likely. In a very short time, China is likely to be the main market for Russian oil and gas, and the Russians will (of necessity) accept yuan.
Yup. China can afford to pay for Russian Oil via Gold. Question is, do they want to.
Janitors dont authorize parties. Did the janitor authorize closing down the streets for the big block party? Did the janitors authorize handing out koolaid to the partiers? Did the janitor tell everyone they will get PTO to attend the party?
Nope....but they do ALWAYS have to do the cleanup.
Knowledge is the enemy of fear
China is likely to be the main market for Russian oil and gas, and the Russians will (of necessity) accept yuan.
That's a synergy which will reduce demand for dollars, and could (and probably will) draw other major countries into that sphere and away from the dollar.
I knew it would happen.
@jmski52 said: That's a synergy which will reduce demand for dollars, and could (and probably will) draw other major countries into that sphere and away from the dollar.
I can think of the following major countries that won’t be drawn into a reserve currency scheme led by China: US, UK, Canada, Australia, Japan, South Korea, Germany, and France. Which ones do you think will be drawn in?
Which ones do you think will be drawn in?
India, Brazil, Saudi, Iran................
I knew it would happen.
1900 gold!
Yawn, they've been talking about the death of the dollar my entire lifetime. Guessing demand will continue going nowhere but up. RGDS!
PS: The same goes for Gold. THKS!
The whole worlds off its rocker, buy Gold™.
You fail to realize that by demanding twice as many dollars for a gallon of gas than six months ago the dollar is worth half as much as it was six months ago. Demand for more dollars for the same grocery cart of food is a sign that the dollar is dying.
Current international events are expediting its death as the world's reigning currency. The dollar's strength and ensured longevity has for decades been dependent on it's role in the world economy. By requiring other nations to use if for international trade, even if the trade was not with the US, it created international need for dollars keeping the dollar strong. It's dominance on the world stage has been enforced by a strong military around the globe to "convince" those who considered other international payment alternatives to stick with the dollar. Foreign users of the dollar are now having a wider range in alternative payment methods thanks to the lead taken by countries too powerful or too large to invade.
Domestically we are stuck with it's declining ability to purchase. Look for more zeros to be added to the notes. lol
PS: It also now takes more dollars to buy gold.
Give Me Liberty or Give Me Debt
Turns out I'm already a Trillionare. Bring it.
Stopped buying awhile back (except for a few euro bullion pieces) Too rich for my blood. If she dips the powder is ready. RGDS!
The whole worlds off its rocker, buy Gold™.
Well, that didn't take long. EU summit ends: No Russian oil sanctions
Give Me Liberty or Give Me Debt
Taking less the last two trading days.
Gold down - dollar up? It must be if we can buy more gold than on Thursday.
.> @MsMorrisine said:
Good time to dump dollars. lol
Give Me Liberty or Give Me Debt
Here ya go jmski. India will use rupees to buy Russian oil---at a discount!!! You know how much oil India annually buys from Russia? An amount equal to the revenue of WalMart---in one day. Lol
I showed you earlier that 95% of the world combined, doesnt equal the GDP of the USA.
https://www.reuters.com/world/india/india-considers-buying-discounted-russian-oil-commodities-officials-say-2022-03-14/
And BTW---if oil can be traded at a discount, why couldnt gold?
Knowledge is the enemy of fear
And then, there's Germany.
I knew it would happen.
Presidents don't authorize spending either...
Gold down hard, but palladium down harder
They do have veto power. But they like to party too
Knowledge is the enemy of fear
and congress has the power to prevent/block a veto. Civics 101, sign up.
Give Me Liberty or Give Me Debt
Exactly comrade. Funny how everytime you say its the Fed s fault, and I correct you by saying its Congresses fault, i get an LOL from you and taxmad. But now you agree.
I love this place!!!
Knowledge is the enemy of fear
As I stated earlier in this thread, Congress is responsible for the high national debt (spending). It is the FED's fault for providing them the means (funny money creation) to spend what they do not have and for helping them keep the interest cost down on that debt with low interest rates. Unfortunately both of these FED actions have had spelled disaster for the consumer and for the economy.
Civics class, baby. It will be worth it. And please take her with you.
Give Me Liberty or Give Me Debt
https://fiscaldata.treasury.gov/
Interesting stuff including Daily Treasury Statement.
Gold down $180 in 5 days. Was up $180 in the 5 days prior.
Nice volatility. 😉💋
Agian, dont blame the janitor for having to clean up after the party and remember, it is you, that elects the partiers.
Knowledge is the enemy of fear
I'll probably buy some more at the end of the month. THANKS!
The whole worlds off its rocker, buy Gold™.
Sign up for a math class as well. Gold is down $55.25 over the past five trading days and it was up $40.40 in the five days prior. Volatility is slowly picking up with all of the international uncertainty but it is far from "nice."
Give Me Liberty or Give Me Debt
Fear and uncertainty drive the demand/price of gold. Also a reflection of the demand and value of the currency buying the gold.
Give Me Liberty or Give Me Debt
As PM prices rise look for CME Group to use its nuclear option (as it has done in previous PM price spikes) and raise the margin requirements for futures contracts. This in turn reduces the demand and spot price for PMs in the futures markets.
Also look for the London Bullion Market Assocation (LBMA) and COMEX to soon experience shortages of physical metals as sanctions have cut off the six Russian suppliers of approved precious metal bars to their vaults. Russia exported 51.8 tons of gold in the first quarter of 2021 alone. Also look for existing Russian branded and marked bars in LBMA and COMEX vaults to carry a "Scarlet Letter" as they will become hard to dispose of in the secondary market and will likely require melting and re-fabrication/assaying by subsequent owners who take delivery of them. I imagine they will be the first out of the door of the LBMA and COMEX vaults. If so, this will likely result in a temporary reduction in delivery demand as contract holders will consider them a hot potato.
As noted in the link in the previous post, increased internal gold demand in Russia will absorb much of this now available gold. China's Shanghai Gold Exchange (SGE) will likely continue to be a buyer of Russian metals.
Give Me Liberty or Give Me Debt
Yikes, glad I'm not one of them commie Russkis. My gold is getting a bit cheaper in my currencies. Thanks to my guy. Semper Fi!
The whole worlds off its rocker, buy Gold™.
There’s now proposed legislation in the U.S. Senate to freeze gold reserves held by the Central Bank of Russia in Russia. LOL, the only way to freeze gold is to put it in the freezer and the US has no way, short of war, of putting it's hands on Russian gold. It took a war in the Ukraine for the US to liberate steal Ukrainian gold by flying it to US vaults. It's stacked next to Libya's gold in the "temporay" vault. LOL
As the world-wide sanctions grow and meet counter-sanctions, international trade will slow and in some cases end. Citizens of the world will suffer simply because of the highly inflated ego of two men and the puppet who finds himself stuck between them. Gold will be the only beneficiary.
Give Me Liberty or Give Me Debt
Haha. Silly Comrade. You wrong again When will you learn?
Knowledge is the enemy of fear
Just goes to show you, picking a chart is no different than picking a point on a chart to have a chart agree with you.
Give Me Liberty or Give Me Debt
Gold always slightly beats inflation. You won't get "rich" trading it, but it's reliable.
consider it dollar protection
Give Me Liberty or Give Me Debt
No. I stated a fact and backed it up. You disputed it and lost. The more things change, the more they stay the same.
Knowledge is the enemy of fear
Win, Lose? Quit trying to make everything about "I win." It only confirms you're a narcissist. Posting comments/opions should not be a competition.
The Kitco chart/data I posted confirmed my comments and disputed your claim. Period.
Give Me Liberty or Give Me Debt
Haha . You initiated the challenge.
I accepted and i won .
Stay in your lane bro.
💋💋💋
Knowledge is the enemy of fear
more narcissism. Inferiority complex? small hands?
Give Me Liberty or Give Me Debt
Your guy had the small hands, not his guy. This place is getting stranger by the minute. LOL
The whole worlds off its rocker, buy Gold™.
The stars are aligning for gold.
Good bye globalization.
Give Me Liberty or Give Me Debt
Isnt that what we want?
Knowledge is the enemy of fear
Not me
Big business globalization will be hard to rid ourselves from
How does one procure input materials if not in country?
US Mint has seen the strongest demand for gold bullion in 23 years, sells 426K ounces in the first quarter of 2022.
Give Me Liberty or Give Me Debt
Only 15K more than the 1st quarter of 2021. Must be the Russkis piling on although highly unlikely. Read somewhere else they are only paying $1,600ozt. lol
The whole worlds off its rocker, buy Gold™.
That was their introductory offer. Sorry if you didn't get in on it but since you instead likely over paid guess we'll just have to get used to it being called a gutter metal. LOL
Doesn't matter if it's one more, still strongest demand in 23 years. Almost only counts with hand grenades. Strait from the coho school of marginalizing the facts - distract. lol
Give Me Liberty or Give Me Debt
Gold? LOL Gold is far from a gutter metal. I have plenty and guess what, I haven't bought any directly from the mint in AT LEAST 23 years. Enjoy your new bunker life in Russia. Take Q with ya. GD LK!
The whole worlds off its rocker, buy Gold™.
Gold? LOL Gold is far from a gutter metal. I have plenty and guess what, I haven't bought any directly from the mint in AT LEAST 23 years. Enjoy your new bunker life in Russia. Take Q with ya. GD LK!
I'm puzzled. What are your reasons for owning gold if you think that gov.com and the banking cartel that run things here are so great at looking out for your interests as a citizen? Why are you holed up and going Galt with self-?reliance if you are so gung-ho about "the system"?
Just because derryb or anyone else identifies the problem as our own gov.com policies, it doesn't mean squat about what he thinks about Russia. Get a broader perspective than what you're being spoon-fed by the TV.
I knew it would happen.
gold knows no flag, neither does commons sense.
Give Me Liberty or Give Me Debt