29 March, 11:01
"Lets fight for the gold standard!"
Its here.
Crickets.
Its here.
Crickets.
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29 March, 11:04
In response Vincent Kennedy⍟ to his Publication
A good buying opportunity is coming - that is if you're able to find it.
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Johnny Q -Z
@JohnnyQ
29 March, 11:04
In response Mocheezeplz ... to his Publication
...or afford it.
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29 March, 11:23
In response Johnny Q -Z to his Publication
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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29 March, 11:45
In response Mocheezeplz ... to his Publication
1123
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.
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.
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Your plan sounds like a way for the USA to "save face". The short contracts will make them money, and they'll get the extra increase on the rebound of gold. However, it could be enough to break even on the collapse of the dollar from the China sell-off. Really, it doesn't matter to them, they'll pass the hyperinflation on to us.
12:44 PM - Mar 29, 2022
In response Vincent Kennedy⍟ to his Publication
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