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🇨🇳 INTERVIEW: “CHINA IS USING GOLD TO CHALLENGE THE DOLLAR SYSTEM” Luke Gromen, Macroeconomic Strategist “China studied how the U.S. lost control of the gold peg in the 1970s and built a system that avoids the same weakness. By allowing the gold price to float in yuan rather than... show more

Mario Nawfal

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42,230 görüntüleme • 9 ay önce •via X (Twitter)

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🇨🇳 INTERVIEW: “CHINA IS USING GOLD TO CREATE A TRADE LOOP THAT STRENGTHENS ITS ECONOMY” Luke Gromen, Macroeconomic Strategist “China has built a system that rewards its trading partners for holding gold instead of dollars. As gold rises in yuan terms, it preserves and even grows purchasing power for their creditors, which encourages more trade in yuan. At the same time, China restricts physical gold from leaving the mainland. Gold can flow through Hong Kong or Shanghai’s free trade zone, but once it enters China, it stays there. That setup pushes global gold demand higher without depleting their reserves, while also improving domestic balance sheets for Chinese citizens and banks holding gold. It’s a strategic financial loop that boosts trade, strengthens collateral, and reduces dependence on the U.S. dollar.”

🇨🇳 INTERVIEW: “CHINA IS USING GOLD TO CREATE A TRADE LOOP THAT STRENGTHENS ITS ECONOMY” Luke Gromen, Macroeconomic Strategist “China has built a system that rewards its trading partners for holding gold instead of dollars. As gold rises in yuan terms, it preserves and even grows purchasing power for their creditors, which encourages more trade in yuan. At the same time, China restricts physical gold from leaving the mainland. Gold can flow through Hong Kong or Shanghai’s free trade zone, but once it enters China, it stays there. That setup pushes global gold demand higher without depleting their reserves, while also improving domestic balance sheets for Chinese citizens and banks holding gold. It’s a strategic financial loop that boosts trade, strengthens collateral, and reduces dependence on the U.S. dollar.”

Mario Nawfal

39,885 görüntüleme • 9 ay önce

🇺🇸 INTERVIEW: “CHINA IS DRAINING LONDON’S GOLD MARKET, PRESSURING THE DOLLAR SYSTEM” Luke Gromen, Macroeconomic Strategist “China is using what has always been the dollar’s Achilles heel, the unallocated gold market in London. If demand for gold rises, there are two options. You can let the price rise and allow the market to balance naturally, or you can expand paper gold claims to meet that demand without releasing physical gold. For decades, London has mostly done the latter. But now, as China settles more trade in yuan and gold, it’s draining physical supply from London. Eventually, policymakers in the U.S. and UK will have to decide how much gold they’re willing to let go before they allow prices to rise. That decision could reshape global monetary power.”

🇺🇸 INTERVIEW: “CHINA IS DRAINING LONDON’S GOLD MARKET, PRESSURING THE DOLLAR SYSTEM” Luke Gromen, Macroeconomic Strategist “China is using what has always been the dollar’s Achilles heel, the unallocated gold market in London. If demand for gold rises, there are two options. You can let the price rise and allow the market to balance naturally, or you can expand paper gold claims to meet that demand without releasing physical gold. For decades, London has mostly done the latter. But now, as China settles more trade in yuan and gold, it’s draining physical supply from London. Eventually, policymakers in the U.S. and UK will have to decide how much gold they’re willing to let go before they allow prices to rise. That decision could reshape global monetary power.”

Mario Nawfal

769,274 görüntüleme • 9 ay önce

When gold and the dollar rise together, it signals the END of the current dollar system. "Gold is how you get out of the dollar system. When you see them go up together, that means the dollar is coming to its end of life." - Luke Gromen

When gold and the dollar rise together, it signals the END of the current dollar system. "Gold is how you get out of the dollar system. When you see them go up together, that means the dollar is coming to its end of life." - Luke Gromen

TFTC

95,589 görüntüleme • 10 ay önce

Let me tell you a story of how the US Banned Hodling of Gold in 1933 during the Great American Depression, and tricked other countries into pegging their currency to the US Dollar as it was backed by Gold but then removed Gold Backing from the US Dollar - Giving birth to Current Fiat Currency System.

Let me tell you a story of how the US Banned Hodling of Gold in 1933 during the Great American Depression, and tricked other countries into pegging their currency to the US Dollar as it was backed by Gold but then removed Gold Backing from the US Dollar - Giving birth to Current Fiat Currency System.

Aditya Singh

20,413 görüntüleme • 1 yıl önce

🇺🇸🇨🇳 China has been quietly breaking free from the dollar system for over a decade, and even most in finance missed every sign it was happening. Luke Gromen traces it all back, from the Shanghai Gold Exchange in 2014 to the yuan oil contract in 2018 to record trade surpluses that keep growing even as the yuan strengthens. "China and Russia looked at that, and said 'we've got to get out of the dollar system. We have to create an alternative, otherwise any war that started would be over day one.'" The footprints are in the markets. Most just don't know what to look for. Luke Gromen

🇺🇸🇨🇳 China has been quietly breaking free from the dollar system for over a decade, and even most in finance missed every sign it was happening. Luke Gromen traces it all back, from the Shanghai Gold Exchange in 2014 to the yuan oil contract in 2018 to record trade surpluses that keep growing even as the yuan strengthens. "China and Russia looked at that, and said 'we've got to get out of the dollar system. We have to create an alternative, otherwise any war that started would be over day one.'" The footprints are in the markets. Most just don't know what to look for. Luke Gromen

Mario Nawfal

147,496 görüntüleme • 3 ay önce

.Luke Gromen says the U.S. and China are trapped in a system neither side can live with anymore. “The release valve becomes the dollar.” In this episode of The Real Story with Michelle Makori, Gromen lays out why: - gold may need to be revalued against oil - the dollar could be intentionally weakened - gold could rise to $15,000-$22,000 in a monetary reset - and in a true dollar crisis, gold could go 10X from here He also explains why central banks keep buying gold, why China may own far more gold than reported, and where Bitcoin fits into the new monetary order. Watch the full episode of The Real Story:

.Luke Gromen says the U.S. and China are trapped in a system neither side can live with anymore. “The release valve becomes the dollar.” In this episode of The Real Story with Michelle Makori, Gromen lays out why: - gold may need to be revalued against oil - the dollar could be intentionally weakened - gold could rise to $15,000-$22,000 in a monetary reset - and in a true dollar crisis, gold could go 10X from here He also explains why central banks keep buying gold, why China may own far more gold than reported, and where Bitcoin fits into the new monetary order. Watch the full episode of The Real Story:

Miles Franklin Precious Metals

197,482 görüntüleme • 3 ay önce

🚨🇨🇳 INTERVIEW: THE NEXT WORLD WAR IS BEING FOUGHT WITH GOLD Central banks are buying gold at record speed. China is trading oil in yuan. And the U.S. dollar’s grip on the world is starting to slip. Luke Gromen breaks down how the balance of power is shifting from paper to metal. * How China and Russia are using gold to undermine the dollar * Why America’s debt addiction is forcing the world to look for a plan B * How the yuan-gold trade network could upend global finance * Why Europe’s energy policies are pushing it toward decline * And what happens when the U.S. and China lock into economic warfare that no one can win Gromen says this is not just about money or markets. It is about control, and the side that owns the gold writes the rules. 03:08 – Central Banks Are Buying Gold Fast, but why now? 06:09 – Why gold is the “anti-dollar” and how it protects wealth 09:15 – Lessons from the 1970s: What China learned from U.S. gold mistakes 13:19 – The dollar vs. the yuan: The real global currency war 16:00 – Gold rising as the new global reserve 20:36 – Is the U.S. secretly importing massive amounts of gold? 23:55 – What happens if the dollar loses its throne? 30:36 – Why this could trigger the biggest boom since WW2 36:04 – China’s economy: crisis or calm? 43:56 – Why decoupling means more inflation, not less 49:01 – The rare earths trap: how China cornered the U.S. 55:09 – How China quietly captured corporate America 59:05 – Can a multipolar world actually work? 01:00:15 – Is Europe committing economic suicide? 01:05:14 – Closing thoughts: Can rational leadership return?

🚨🇨🇳 INTERVIEW: THE NEXT WORLD WAR IS BEING FOUGHT WITH GOLD Central banks are buying gold at record speed. China is trading oil in yuan. And the U.S. dollar’s grip on the world is starting to slip. Luke Gromen breaks down how the balance of power is shifting from paper to metal. * How China and Russia are using gold to undermine the dollar * Why America’s debt addiction is forcing the world to look for a plan B * How the yuan-gold trade network could upend global finance * Why Europe’s energy policies are pushing it toward decline * And what happens when the U.S. and China lock into economic warfare that no one can win Gromen says this is not just about money or markets. It is about control, and the side that owns the gold writes the rules. 03:08 – Central Banks Are Buying Gold Fast, but why now? 06:09 – Why gold is the “anti-dollar” and how it protects wealth 09:15 – Lessons from the 1970s: What China learned from U.S. gold mistakes 13:19 – The dollar vs. the yuan: The real global currency war 16:00 – Gold rising as the new global reserve 20:36 – Is the U.S. secretly importing massive amounts of gold? 23:55 – What happens if the dollar loses its throne? 30:36 – Why this could trigger the biggest boom since WW2 36:04 – China’s economy: crisis or calm? 43:56 – Why decoupling means more inflation, not less 49:01 – The rare earths trap: how China cornered the U.S. 55:09 – How China quietly captured corporate America 59:05 – Can a multipolar world actually work? 01:00:15 – Is Europe committing economic suicide? 01:05:14 – Closing thoughts: Can rational leadership return?

Mario Nawfal

2,567,630 görüntüleme • 9 ay önce

Luke Gromen says the United States has been exporting Gold to China because they don’t trust the U.S. Dollar. “If you go back thousands of years, the countries buying Gold are not the ones collapsing, it’s the countries selling Gold that are having the fiscal problems.”

Luke Gromen says the United States has been exporting Gold to China because they don’t trust the U.S. Dollar. “If you go back thousands of years, the countries buying Gold are not the ones collapsing, it’s the countries selling Gold that are having the fiscal problems.”

Navroop Singh

22,062 görüntüleme • 6 ay önce

Beijing’s Biggest Fear Isn’t the Dollar — It’s Gold. China wants the world to believe it’s building a gold-backed yuan to replace the U.S. dollar. But behind the glitter lies a brutal truth — it’s mathematically, politically, and ideologically impossible. In this video, I break down why China can’t back the yuan with gold — from the hard numbers to the hard limits of Communist Party control. We’ll expose how a gold standard would handcuff Beijing’s economy, destroy its ability to print and manipulate, and—most dangerously—introduce something the CCP fears above all else: economic freedom. Gold means honesty. The yuan means obedience. And those two can never coexist.

Beijing’s Biggest Fear Isn’t the Dollar — It’s Gold. China wants the world to believe it’s building a gold-backed yuan to replace the U.S. dollar. But behind the glitter lies a brutal truth — it’s mathematically, politically, and ideologically impossible. In this video, I break down why China can’t back the yuan with gold — from the hard numbers to the hard limits of Communist Party control. We’ll expose how a gold standard would handcuff Beijing’s economy, destroy its ability to print and manipulate, and—most dangerously—introduce something the CCP fears above all else: economic freedom. Gold means honesty. The yuan means obedience. And those two can never coexist.

Ken Cao-The China Crash Chronicle

139,198 görüntüleme • 6 ay önce

🚨 The U.S. Bond Market Can Snap Anytime, Paper Money Will Be Worthless and Gold Will Be Repriced Overnight Ray Dalio warns that the U.S. is already past the point of no return and a debt crisis is inevitable. National Debt has reached $40 Trillion, interests payments have surpassed defense and U.S. deficit is now widening. Washington is pressuring the Bank Of Japan to not dump the U.S. Treasuries, which could lead to a global liquidity crisis. Meanwhile… The Chinese Yuan is showing immense strength against the dollar. Why? China Has Been Stacking Gold for Nearly Two Years Straight and Hong Kong + Shanghai Just Created a Dollar-Free, Gold Settlement Network. Today, China Internationalizes the Gold-Backed Yuan and Payment System for the First Time Ever. Yuan-denominated gold trading is coming. The “Golden Yuan” infrastructure is live. Stop ignoring it. Truly understand gold, before it’s too late.

🚨 The U.S. Bond Market Can Snap Anytime, Paper Money Will Be Worthless and Gold Will Be Repriced Overnight Ray Dalio warns that the U.S. is already past the point of no return and a debt crisis is inevitable. National Debt has reached $40 Trillion, interests payments have surpassed defense and U.S. deficit is now widening. Washington is pressuring the Bank Of Japan to not dump the U.S. Treasuries, which could lead to a global liquidity crisis. Meanwhile… The Chinese Yuan is showing immense strength against the dollar. Why? China Has Been Stacking Gold for Nearly Two Years Straight and Hong Kong + Shanghai Just Created a Dollar-Free, Gold Settlement Network. Today, China Internationalizes the Gold-Backed Yuan and Payment System for the First Time Ever. Yuan-denominated gold trading is coming. The “Golden Yuan” infrastructure is live. Stop ignoring it. Truly understand gold, before it’s too late.

Stern Drew

128,407 görüntüleme • 5 gün önce

🇨🇳 INTERVIEW: “CHINA FOUND A WAY TO BUY OIL WITHOUT USING DOLLARS” Luke Gromen, Macroeconomic Strategist “As China imports more oil at higher prices, it faces the risk of running out of dollars. That could trigger a late-1990s-style Asian currency crisis, forcing them to devalue the yuan and suffer high inflation and falling living standards. To avoid that, China created a workaround. For more than a decade, they’ve built offshore yuan clearing banks and convinced oil exporters to sell in yuan instead of dollars. Russia agreed because China allows those yuan surpluses to be settled in physical gold. It’s simple: Russia sells oil, gets paid in yuan, buys Chinese goods with some of it, and converts the rest into gold. Nobody may fully trust Beijing, but everyone trusts gold.”

🇨🇳 INTERVIEW: “CHINA FOUND A WAY TO BUY OIL WITHOUT USING DOLLARS” Luke Gromen, Macroeconomic Strategist “As China imports more oil at higher prices, it faces the risk of running out of dollars. That could trigger a late-1990s-style Asian currency crisis, forcing them to devalue the yuan and suffer high inflation and falling living standards. To avoid that, China created a workaround. For more than a decade, they’ve built offshore yuan clearing banks and convinced oil exporters to sell in yuan instead of dollars. Russia agreed because China allows those yuan surpluses to be settled in physical gold. It’s simple: Russia sells oil, gets paid in yuan, buys Chinese goods with some of it, and converts the rest into gold. Nobody may fully trust Beijing, but everyone trusts gold.”

Mario Nawfal

326,921 görüntüleme • 9 ay önce

.Luke Gromen says the endgame may be gold priced against oil. “Revalue gold to 500 barrels of oil per ounce / 1,000 barrels of oil per ounce.” In this episode of The Real Story with Michelle Makori, Gromen explains why he believes the global monetary system is moving toward: - a weaker dollar - gold as neutral reserve collateral - energy priced through gold - and a new “Nash equilibrium” between the U.S. and China Watch the full interview here:

.Luke Gromen says the endgame may be gold priced against oil. “Revalue gold to 500 barrels of oil per ounce / 1,000 barrels of oil per ounce.” In this episode of The Real Story with Michelle Makori, Gromen explains why he believes the global monetary system is moving toward: - a weaker dollar - gold as neutral reserve collateral - energy priced through gold - and a new “Nash equilibrium” between the U.S. and China Watch the full interview here:

Miles Franklin Precious Metals

51,857 görüntüleme • 3 ay önce

LUKE GROMEN: GOLD TO RUN THE US TRADE DEFICIT – $10K-$20K+ AHEAD? Macro strategist Luke Gromen drops a mind-bending take: the US isn't just exporting gold randomly—it's de facto settling massive trade deficits with physical gold flows. This could force gold prices way higher, paving the way for an official revaluation to tackle the debt mountain. THE GOLD EXPORT PARADOX – STRATEGY, NOT WEAKNESS ➡️ Gromen says recent US gold exports don't kill the revaluation idea—they actually make it possible. ➡️ The trade deficit is enormous and nobody else wants to keep financing it forever. ➡️ Gold flows out to settle parts of it, letting the market bid the price up naturally. HOW GOLD STARTS "RUNNING" THE DEFICIT ➡️ No paper market alone can absorb deficits this size anymore. ➡️ Gold becomes the neutral settlement asset when the price rises high enough. ➡️ "Gold is going to run the deficits... rather than the US running the deficits." THE PRICE LEVELS REQUIRED FOR THIS SHIFT ➡️ $5,000 gold is far too low to handle the volume needed. ➡️ Real settlement power requires $10,000, $15,000 or even $20,000+ gold. ➡️ "It's not going to happen at $5,000 gold. It's going to need $10,000 gold, $15,000 gold, $20,000 gold." THE REVALUATION PLAY THAT FOLLOWS ➡️ Once trade bids gold that high, the US can simply revalue its official holdings. ➡️ One accounting move marks gold to market and creates trillions instantly. ➡️ Treasury Secretary gets huge flexibility to shorten the long end of the curve and strengthen the balance sheet. CHINA'S TREASURY REDUCTION – SMART, NOT DESPERATE ➡️ Cutting Treasuries is not proof of a collapsing Chinese economy. ➡️ Desperate nations sell gold—China keeps aggressively buying it. ➡️ This looks like preparation for a stronger yuan, weaker dollar deal tied to future trade talks. THE BOTTOM LINE Luke Gromen sees America's trade deficits turning into the ultimate bullish driver for gold, quietly forcing a much higher price floor before the US rides the wave to recapitalize its books in one clean move. The old dollar-deficit era ends not with a crash, but with gold quietly taking over the burden. HT: Luke Gromen #Gold #Macro #TradeDeficit #LukeGromen #MonetaryReset #DollarSystem

LUKE GROMEN: GOLD TO RUN THE US TRADE DEFICIT – $10K-$20K+ AHEAD? Macro strategist Luke Gromen drops a mind-bending take: the US isn't just exporting gold randomly—it's de facto settling massive trade deficits with physical gold flows. This could force gold prices way higher, paving the way for an official revaluation to tackle the debt mountain. THE GOLD EXPORT PARADOX – STRATEGY, NOT WEAKNESS ➡️ Gromen says recent US gold exports don't kill the revaluation idea—they actually make it possible. ➡️ The trade deficit is enormous and nobody else wants to keep financing it forever. ➡️ Gold flows out to settle parts of it, letting the market bid the price up naturally. HOW GOLD STARTS "RUNNING" THE DEFICIT ➡️ No paper market alone can absorb deficits this size anymore. ➡️ Gold becomes the neutral settlement asset when the price rises high enough. ➡️ "Gold is going to run the deficits... rather than the US running the deficits." THE PRICE LEVELS REQUIRED FOR THIS SHIFT ➡️ $5,000 gold is far too low to handle the volume needed. ➡️ Real settlement power requires $10,000, $15,000 or even $20,000+ gold. ➡️ "It's not going to happen at $5,000 gold. It's going to need $10,000 gold, $15,000 gold, $20,000 gold." THE REVALUATION PLAY THAT FOLLOWS ➡️ Once trade bids gold that high, the US can simply revalue its official holdings. ➡️ One accounting move marks gold to market and creates trillions instantly. ➡️ Treasury Secretary gets huge flexibility to shorten the long end of the curve and strengthen the balance sheet. CHINA'S TREASURY REDUCTION – SMART, NOT DESPERATE ➡️ Cutting Treasuries is not proof of a collapsing Chinese economy. ➡️ Desperate nations sell gold—China keeps aggressively buying it. ➡️ This looks like preparation for a stronger yuan, weaker dollar deal tied to future trade talks. THE BOTTOM LINE Luke Gromen sees America's trade deficits turning into the ultimate bullish driver for gold, quietly forcing a much higher price floor before the US rides the wave to recapitalize its books in one clean move. The old dollar-deficit era ends not with a crash, but with gold quietly taking over the burden. HT: Luke Gromen #Gold #Macro #TradeDeficit #LukeGromen #MonetaryReset #DollarSystem

Mark

168,466 görüntüleme • 6 ay önce

🚨 Historic: China Internationalizes the Gold-Backed Yuan and Payment System for the First Time Ever For the first time, the People’s Bank of China has explicitly made expanding the RMB’s global role a core priority: More use in trade and investment, stronger offshore markets, better cross-border payment systems, and solidifying Hong Kong as a key hub with physical gold vaults, clearing, and trading infrastructure. State institutions are also heavily bullish on gold. At the same time, JPMorgan CEO Jamie Dimon just warned that if the U.S. is no longer the world’s strongest economy and military in 25 years, the dollar will lose its reserve-currency status. History shows reserve status follows the dominant power. Dimon’s point is straightforward: keep the edge or lose the privilege. China is moving on multiple fronts to challenge that dominance: • Building gold-linked infrastructure and credibility for the yuan (vaults, trading, physical delivery options) so the currency feels more “hard-asset backed” to the rest of the world. • Expanding CIPS and pushing the new BRICS payment system (BRICS Pay / Bridge) as a real alternative to SWIFT, allowing countries to settle trade in local currencies without going through the dollar system. And don’t forget the real-world leverage: China still dominates the rare-earth supply chain (roughly 70% of mining, over 90% of processing, and the vast majority of permanent magnets). These materials are essential for EVs, wind turbines, defense systems, electronics, and more. That gives Beijing serious bargaining power in any shift away from dollar-centric trade. None of this means the dollar collapses tomorrow. It still settles the bulk of global trade and holds the majority of reserves. But the direction of travel is clear: China is systematically building the plumbing (gold, payments, commodities control) for a multipolar currency world, while the U.S. is being told by one of its own top bankers that the clock is running if it loses its edge. Soon as China banned retail paper gold market, Chinese investors turned to tokenized gold on blockchains. The game is long. The pieces are moving.

🚨 Historic: China Internationalizes the Gold-Backed Yuan and Payment System for the First Time Ever For the first time, the People’s Bank of China has explicitly made expanding the RMB’s global role a core priority: More use in trade and investment, stronger offshore markets, better cross-border payment systems, and solidifying Hong Kong as a key hub with physical gold vaults, clearing, and trading infrastructure. State institutions are also heavily bullish on gold. At the same time, JPMorgan CEO Jamie Dimon just warned that if the U.S. is no longer the world’s strongest economy and military in 25 years, the dollar will lose its reserve-currency status. History shows reserve status follows the dominant power. Dimon’s point is straightforward: keep the edge or lose the privilege. China is moving on multiple fronts to challenge that dominance: • Building gold-linked infrastructure and credibility for the yuan (vaults, trading, physical delivery options) so the currency feels more “hard-asset backed” to the rest of the world. • Expanding CIPS and pushing the new BRICS payment system (BRICS Pay / Bridge) as a real alternative to SWIFT, allowing countries to settle trade in local currencies without going through the dollar system. And don’t forget the real-world leverage: China still dominates the rare-earth supply chain (roughly 70% of mining, over 90% of processing, and the vast majority of permanent magnets). These materials are essential for EVs, wind turbines, defense systems, electronics, and more. That gives Beijing serious bargaining power in any shift away from dollar-centric trade. None of this means the dollar collapses tomorrow. It still settles the bulk of global trade and holds the majority of reserves. But the direction of travel is clear: China is systematically building the plumbing (gold, payments, commodities control) for a multipolar currency world, while the U.S. is being told by one of its own top bankers that the clock is running if it loses its edge. Soon as China banned retail paper gold market, Chinese investors turned to tokenized gold on blockchains. The game is long. The pieces are moving.

Stern Drew

247,211 görüntüleme • 5 gün önce

Keep your hands off our gold “In the rush to hoard stuff for a rainy day, there’s been scant discussion about the future of our existing mineral stockpile; the 80 tonnes of gold the Reserve Bank of Australia has sitting in vaults. The rapid surge in gold prices means the value of the RBA’s gold has doubled in Australian dollar terms over the past two years and more than tripled over the past seven years. Which makes it a great time to sell those 80 tonnes of gold for just over $18 billion of cash. The analogy extends to physical capital; what’s the point of having a gold stockpile if you never sell it?” ••••••••••••••• The AFR (no doubt acting as a proxy for Treasury) is arguing that Australia should sell its gold. This is a very dangerous thing to do. Some time in the future the U.S. dollar will stop being the world’s reserve currency and there will be reset of the monetary system. It’s highly likely that when this happens the new currency will be backed by gold. Those countries with the largest gold reserves will in the strongest financial position after reset. Gold is an appreciating asset, unlike bonds which depreciate due to inflation. That’s why central banks manipulate the gold price by artificially shorting it via paper contracts on the Comex to prevent individuals from accumulating it. Let’s not forget the U.S. outlawed the possession of gold in 1932 to prop up the paper markets. Articles like this remind us that the world’s financial system is on very shaky ground. Western government debt levels are unsustainable and the bond markets are on very shaky ground. Gold has always been insurance against reckless government spending/borrowing. Rather than sell our gold, the Australian government should be accumulating it. Any attempt by central banks to take our gold needs to be stopped stone cold dead. That includes bringing our gold back home, away from the clutches of the Bank of England.

Keep your hands off our gold “In the rush to hoard stuff for a rainy day, there’s been scant discussion about the future of our existing mineral stockpile; the 80 tonnes of gold the Reserve Bank of Australia has sitting in vaults. The rapid surge in gold prices means the value of the RBA’s gold has doubled in Australian dollar terms over the past two years and more than tripled over the past seven years. Which makes it a great time to sell those 80 tonnes of gold for just over $18 billion of cash. The analogy extends to physical capital; what’s the point of having a gold stockpile if you never sell it?” ••••••••••••••• The AFR (no doubt acting as a proxy for Treasury) is arguing that Australia should sell its gold. This is a very dangerous thing to do. Some time in the future the U.S. dollar will stop being the world’s reserve currency and there will be reset of the monetary system. It’s highly likely that when this happens the new currency will be backed by gold. Those countries with the largest gold reserves will in the strongest financial position after reset. Gold is an appreciating asset, unlike bonds which depreciate due to inflation. That’s why central banks manipulate the gold price by artificially shorting it via paper contracts on the Comex to prevent individuals from accumulating it. Let’s not forget the U.S. outlawed the possession of gold in 1932 to prop up the paper markets. Articles like this remind us that the world’s financial system is on very shaky ground. Western government debt levels are unsustainable and the bond markets are on very shaky ground. Gold has always been insurance against reckless government spending/borrowing. Rather than sell our gold, the Australian government should be accumulating it. Any attempt by central banks to take our gold needs to be stopped stone cold dead. That includes bringing our gold back home, away from the clutches of the Bank of England.

Gerard Rennick

23,843 görüntüleme • 2 ay önce

🌎 INTERVIEW: “GOLD COULD SOON OVERTAKE THE DOLLAR AS THE WORLD’S TOP RESERVE ASSET” Luke Gromen, Macroeconomic Strategist “When people talk about foreign exchange reserves, they usually only count fiat currencies. But if you include gold, the picture looks very different. Right now, the dollar’s share of total reserves plus gold is down to 46%. Gold is up to 30%, and central banks are still buying thousands of tons every year. If that trend continues and gold rises another 30 to 50%, it could surpass the dollar in global reserve value. That would create a major moment of cognitive dissonance for those who believe the dollar’s dominance can’t change.”

🌎 INTERVIEW: “GOLD COULD SOON OVERTAKE THE DOLLAR AS THE WORLD’S TOP RESERVE ASSET” Luke Gromen, Macroeconomic Strategist “When people talk about foreign exchange reserves, they usually only count fiat currencies. But if you include gold, the picture looks very different. Right now, the dollar’s share of total reserves plus gold is down to 46%. Gold is up to 30%, and central banks are still buying thousands of tons every year. If that trend continues and gold rises another 30 to 50%, it could surpass the dollar in global reserve value. That would create a major moment of cognitive dissonance for those who believe the dollar’s dominance can’t change.”

Mario Nawfal

40,923 görüntüleme • 9 ay önce

BRICS-aligned nations are building a gold-backed settlement system by storing gold across multiple regional exchanges. It settles in 7 seconds, avoids SWIFT, and cuts out the dollar, euro, and pound. The West isn’t part of the plan. Is this the beginning of a new global financial system? #Gold #BRICS #mBridge #DeDollarization w/ Dunagun Kaiser

BRICS-aligned nations are building a gold-backed settlement system by storing gold across multiple regional exchanges. It settles in 7 seconds, avoids SWIFT, and cuts out the dollar, euro, and pound. The West isn’t part of the plan. Is this the beginning of a new global financial system? #Gold #BRICS #mBridge #DeDollarization w/ Dunagun Kaiser

Miles Franklin Precious Metals

53,465 görüntüleme • 1 yıl önce

In 1971, the U.S. literally ran out of money. Back then, the dollar was backed by gold, which meant every paper dollar represented real gold sitting in U.S. reserves. The problem was the country was spending way more than it earned, printing dollars that didn’t have enough gold to back them. As other countries realized this, they started trading their dollars in for gold. The gold reserves began to drain fast. That Sunday night, President Nixon went on TV and told the world the U.S. was “suspend temporarily convertibility” of dollars into gold. What that really meant was the U.S. couldn’t pay what it owed in real money anymore. At that time, Ray Dalio was a young clerk on the floor of the New York Stock Exchange. He thought markets would collapse the next day. Instead, stocks soared. The U.S. had just made money worth less, and when that happens, asset prices usually rise. He later found out the same thing had happened in 1933 when FDR also cut the gold link. Both times, the U.S. printed more paper money to keep spending, and each dollar ended up buying less. That moment in 1971 changed the entire global system. From then on, money wasn’t something you could exchange for gold, it became a promise backed only by trust. And that’s where the connection to today comes in. Trust in that promise is fading again. Inflation is running above target, the dollar is sliding, and people are moving into things that don’t rely on faith in any government such as gold and bitcoin. Foreign investors aren’t pulling away from America, but they are protecting themselves. They’re still buying U.S. assets, just not without hedging the risk. They don’t want to be caught holding paper that keeps losing value. Dalio’s story shows how this cycle keeps repeating. The system runs on confidence until it doesn’t. And every time it slips, people turn back to hard assets, not because they want to, but because they have to.

In 1971, the U.S. literally ran out of money. Back then, the dollar was backed by gold, which meant every paper dollar represented real gold sitting in U.S. reserves. The problem was the country was spending way more than it earned, printing dollars that didn’t have enough gold to back them. As other countries realized this, they started trading their dollars in for gold. The gold reserves began to drain fast. That Sunday night, President Nixon went on TV and told the world the U.S. was “suspend temporarily convertibility” of dollars into gold. What that really meant was the U.S. couldn’t pay what it owed in real money anymore. At that time, Ray Dalio was a young clerk on the floor of the New York Stock Exchange. He thought markets would collapse the next day. Instead, stocks soared. The U.S. had just made money worth less, and when that happens, asset prices usually rise. He later found out the same thing had happened in 1933 when FDR also cut the gold link. Both times, the U.S. printed more paper money to keep spending, and each dollar ended up buying less. That moment in 1971 changed the entire global system. From then on, money wasn’t something you could exchange for gold, it became a promise backed only by trust. And that’s where the connection to today comes in. Trust in that promise is fading again. Inflation is running above target, the dollar is sliding, and people are moving into things that don’t rely on faith in any government such as gold and bitcoin. Foreign investors aren’t pulling away from America, but they are protecting themselves. They’re still buying U.S. assets, just not without hedging the risk. They don’t want to be caught holding paper that keeps losing value. Dalio’s story shows how this cycle keeps repeating. The system runs on confidence until it doesn’t. And every time it slips, people turn back to hard assets, not because they want to, but because they have to.

StockMarket.News

95,018 görüntüleme • 10 ay önce