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QUESTION #1: Marty,
Thanks in your fascinating publish about gold and China.
Which do you suppose will carry out higher this yr, gold or the greenback?
Thanks.
DM
QUESTION #2: Marty, clearly the motive behind China shopping for gold is essential. I attempted to elucidate that to a goldbug. It went in a single ear and out the opposite. Russia and China have separate motives from the remainder of the world. Right?
Lee
ANSWER: Completely. Solely a goldbug thinks motives are irrelevant so long as gold rises. Brief-covering shouldn’t be shopping for purchase squaring off positions. Then you could have retail shopping for and institutional shopping for. I used to be serving to the Japanese circumvent the US commerce sanction threats by buying gold on COMEX after which promoting it again in London. It didn’t matter what you obtain. The commerce statistics solely measure cash flows – not items. So, I used to be utilizing gold to scale back the commerce surplus of Japan shopping for gold in NYC (because it it was a product) and delivery it out to London. The shopping for was irrelevant to the development. Simply because somebody buys gold doesn’t make them bullish in any respect.
What you must perceive is that China is not shopping for gold as a result of they’re bullish on gold. They can’t maintain US or EU debt and due to this fact you’ll proceed to see them liquidating Western sovereign property. That won’t be the case for others contained in the West. They may stay holding debt that pays curiosity the place gold doesn’t. Those that have been brainwashed about fiat and gold and inflation are so entrenched of their considering, they are going to by no means see that the distinction in motive has nothing to do with gold in any respect, however geopolitical occasions as we head into 2032. In order that they hold steadiness sheets on the Fed and inflation and miss the true development altogether.
We’ve got personal pursuits that do NOT have the identical motives as China or Russia. These are excessive net-worth people and establishments who will want the extra liquid property of equities and short-term debt like T-Payments. We’ve got NOT reached the purpose the place there’s a whole collapse within the religion of the greenback or the US authorities as of but. Take into account that 50% of Individuals nonetheless consider in Biden in some way and are consumed with their hate of Trump which prevents them from seeing the true development.
Society is being so dumbed-down by the media that we’re sleepwalking into WWIII and cheering it on the identical time. They suppose struggle is a online game. We bomb and kill individuals elsewhere and it by no means impacts us at residence.
The greenback shouldn’t be completed. It’s the most hated forex maybe in historical past. However that can be as a result of individuals have been manipulated into considering that cash is fiat and hold preaching the times of returning to some form of gold normal. The issue with that principle is it calls for fiscal accountability and you’ll NEVER promote that concept to politicians. They can’t survive with out bribing individuals for votes. Which means they MUST finish Democracy and that’s the important goal of Schwab and the WEF.
The backing of the greenback has NOTHING to do with commodities. If that had been the case, Japan and Germany ought to by no means have risen to the highest tier on the earth economic system. I’m NOT a tutorial. I’ve labored on each continent and truly visited extra central banks than most likely any analyst ever. What I’ve seen is how issues work, not principle. That’s the reason some individuals hate my guts. The TRUE wealth of each nation is its individuals and their productive potential. The extra leftist the federal government, the more serious the financial development and the decrease the usual of dwelling. That’s the energy behind the greenback and it has NOTHING to do even with the amount as a result of 70% of paper {dollars} reside exterior the USA.
Bear in mind the Money Plane. Skids of $100 payments had been being despatched to Russia each week to fulfill the demand. When the brand new $100 invoice happened, anybody flying internationally noticed movies on planes telling them that the outdated $100 payments had been nonetheless legitimate and had been NOT canceled as they do in Europe.
Maybe by 2028, you will notice the greenback fade away into the sundown. However for now! These insane world leaders are pushing for struggle. Sweden has simply introduced a army draft. Europe shouldn’t be going to outlive this one.
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