"Lets fight for the gold standard!"

Its here.

Crickets.

A good buying opportunity is coming - that is if you're able to find it.

...or afford it.

I think VK has implied that it will go down to around the $1500-$1550/oz range. Now whether or not the Premium over spot increases to something like $500/oz to offset the price drop I'm not sure.

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If I had unlimited money like the DS & wanted to deliver a death blow to Russia, the play would be to attack Gold since they just switched the Ruble to the gold standard. If I was China at the same time would jump in to sell off US market assets/debt causing final nail in the petrodollar and major market dip. Hopefully its just short term games since US has Gold reserves. But for sure the petrodollar is not going to last and we will need a new standard.

Gitcha Gotcha Good.

That's why Russia is diversifying their assets by accepting BTC, Gold, or Russian Ruble for their energy products - to hedge against anything the [DS] may manipulate.

There's a theory that China wants to reset the price of Gold in order to pay off their debts (Evergrande). Any thoughts?

He who has the most gold makes the rules.

I think that's a saying.