Over $50 now. I think trip digits.
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Over $50 now. I think trip digits.
What kind of hopium are you smoking? :o:DQuote:
Originally Posted by woodman
Thank Asia:
Gold is up more than 87 percent since January 2024. Asian investment and central bank gold buying primarily drove the early stages of the bull market.
Asian investors tend to favor physical metal (although there is growing interest in ETFs in the East). Bar and coin demand was up by 11 percent in H1, rising to 582 tonnes, with Chinese and Indian investors leading the way.
Chinese bar and coin demand grew by 44 percent year-on-year in H1. Chinese investors snapped up 115 tonnes of gold bars and coins in the second quarter alone. It was the strongest H1 for physical gold buying since 2013.
India bar and coin demand grew by 7 percent through the first half of the year.
But in the U.S., selling was the dominant theme in the physical bullion market. Year-on-year bar and coin sales plummeted by 53 percent in H1. Demand in the second quarter was only 9 tonnes, the lowest quarterly level since Q4 2019.
https://www.moneymetals.com/news/202...#disqus_thread
The Ron Paul Movement is closed for business. Where are the populists demanding a return to the gold standard. Focused on drag queen mexicans eating pets.
The same with silver, the jews are freaked out about silver and China.
China Silver Imports Surge to 9,000 metric tonnes per year catching up quickly to India
China's silver shopping spree transforms global markets: 9,000 tons imported annually, strategic resource grab signals tech dominance and economic power play reshaping global commodity landscape.
https://www.jpost.com/business-and-i...article-829670
China’s Now Buying Silver Directly From South America
China's aggressive silver stockpiling raises global concerns, with implications for future supply and prices, as the country secures key resources amidst economic challenges.
https://www.jpost.com/business-and-i...article-813070
Why China's Industrial Demand Is Driving the Silver Market
https://www.goldmarket.fr/en/Why-Chi...silver-market/
China is buying silver mainly for industrial demand. I was in a conversation with a Chinese netizen and he was saying China only sees gold as for money and silver for industrial purposes. Chinese citizens are buying silver for investment, though China does not want to monetize silver because of industrial uses.
Remember how I was saying if we could have 4 or 12 more years of Biden/Democrats, global growth, high inflation, high debt. No going to crypto. Global economy eating most of silver supply, silver shortages, bankers lose. We would get 50,000 gold and 5,000 silver in a decade.
Probably need a war or crisis to usher in bitcoin as the new Bretton Woods bitcoin standard to stop gold as money.
The real threat is the jews advising China, from Rothschild to Jeffrey Sachs. These are the jews to whisper in the ears of the Chinese to make sure they comply with the cia script.
And media influencers such as Nathan Rich, a mossad asset.
I would love to have a post here exposing Jeffrey Sachs, you only need the wikipedia page and be knowledgeable about the jews and you can expose Jeffrey Sachs in minutes.
Hell, we all know they can play their games and we could see silver sink below 40 easy. The fact is that fiat is failing. It is failing by design and the slide is sharpening. The average g/s ratio since we left the gold standard is about 65 and this would put silver over sixty right now. Gold is going way higher. $5K by years end is a distinct possibility. Silver will probably outshoot gold on a percentage basis. I think silver is a screaming deal at $50 and the masses probably will too when they balk at paying for gold what the rich, the governments and the bankers have bid it up to. So pass that bowl bro and we’ll stuff some hopium into the pipe of pessimism.��Quote:
Originally Posted by osoab
Bankers are not buying to buy. The banksters are buying to hold a warchest of gold. Trump hates gold and silver as money, wants crypto, before the crypto dark age of technology, Trump is going after nations with trade wars, economic wars, military wars, bullying, forcing mineral deals or else. So in the pre-bitcoin chaos, you are going to have nations rebel against this and see US weakness. So these Asian nations are buying. The Pax Americana goal, after rivals are destroyed, is planned to have 5 dollar silver and 100 dollar gold. The banksters want the public to then throw their gold and silver out into the streets as worthless with no buyers. That is the Trump goal.
Standing in the way of this is China. China buys, so the banksters need to buy, banksters can't only do shorts, China would laugh and own 100% of physical, banksters plan a big physical sell to crash the price, though that plan is later.
The fake resistance is controlled by the jews and masons from Trumpstein to Muscovy. Their main goal is against gold and silver. There can't be a Pax Americana with gold at 50K and silver at 5K. China is trying to get there with gold. So it is China left and Trump is in a rush to destroy real resistance to the masonic American Empire.
Bankers are the individuals buying because these are the only ones buying in the West. Citizens are selling. Without China, you have 100 dollar gold and 5 dollar silver. So thank the Chinese for these prices as the Chinese are the only one fighting the bankers. Not the trans kids distraction.
The idiots believe that Bush wanted to lose the war in Iraq to destroy the American Empire. That the Jews were seeking to make America not great again.
The Jews goal for centuries was for a masonic American Empire. Trumpstein is delivering that to them on a bitcoin platter.
The selling is 100% because of China. China sold overnight.
This gave the London and US bankers the green light to do massive selling.
When China buys, it panics the bankers. Bankers can't fight physical buying.
That is why if China stops buying gold and silver with both hands and caves to Trump demands in trade wars and economic wars, then bankers can crash gold and silver to late Obama years levels or lower.
That is why China is the last left standing. And they sell out regularly.
How The U.S. and China worked together to spy on the Soviet Union
https://www.wbur.org/hereandnow/2022...y-soviet-union