Gold, Rubles and the Ripple Effect
• https://www.theburningplatform.comI don't think people realized what just happened over the past few days, so I'm going to try to explain what I'm seeing:
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I don't think people realized what just happened over the past few days, so I'm going to try to explain what I'm seeing:
Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
The Central Bank of Russia has officially announced that, as of March 28, 2022, the Russian Ruble currency is BOUND to Gold. The rate is 5,000 Rubles per gram of gold bullion.
Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
Rising interest rates threaten to destabilise both financial asset values and the fiat currencies in which they are priced. This outcome is feared by the chattering classes who increasingly speculate about currency resets.
A day after Biden and his pals in Brussels discussed ways to stop Russia utilizing its gold reserves to maintain some stability in an increasingly chaotic economy, the Bank of Russia has just announced plans to begin buying gold from its banks at a f
Stocks are going up and down while gold is just going up. Bond prices are a function of government intervention and nothing else. Bitcoin, tech, and meme stocks caught up in bear market rally. Democrats' Gas Rebate Act will fuel the inflation fi
Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
Now that Russia has come right out and said it will only transact in Rubles when selling oil to "unfriendly" nations, I'm expecting gold to be the next safe haven for the nation to fall back on, as it desperately tries to backstop both its curr
Some early hope-filled reports of "careful optimism" about a ceasefire - which were entirely ignored by anyone in Brussels, from NATO or the G-7, ignited momentum right in time and lifted stocks today, Led by growthy-stuff (Nasdaq)...
Some early hope-filled reports of "careful optimism" about a ceasefire - which were entirely ignored by anyone in Brussels, from NATO or the G-7, ignited momentum right in time and lifted stocks today, Led by growthy-stuff (Nasdaq)...
We've run out of silver. The US Mint has announced they won't be minting any Morgan Silver dollars or Peace Silver dollars for 2022.
Will Russia Be Defeated By Her Own Central Bank?
In the tumultuous 1920s-30s, depression set in; FDR seized power and gold; bank functions were nationalized; dollars rebuilt Europe; and the stage set for the next world war.
Russia's central bank announced that it will suspend purchases of gold from banks due to overwhelming demand from households, Reuters reports. The purchasing pause will take effect Tuesday with no end date set.
Russia spent years building a giant stash of gold, an asset that central banks can turn to during a crisis. But any attempt to sell it will now be a challenge just when it's needed most.
The entertainment company says that, because it was once a meme stock, it knows how to "navigate through liquidity challenge"
In this week's Live from the Vault, Andrew Maguire unpacks the geopolitical after-effects of sanctions against the Russian Central Bank, and the resulting global shortfall in physical gold and silver supply.
We wrote about this point recently. But we are saying it again because the message is so important. IF YOU DON'T HOLD IT THEN YOU DON'T OWN IT (IYDHITYDOI).
In this week's Live from the Vault, Andrew Maguire is joined by Dr Stephen Leeb, a renowned American economist and a financial author to discuss how China's growing prosperity affects the global economy, as the superpower's appetite for gold-ba
With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls...
Over the past week, we first noted that amid broad economic sanctions, there were numerous Russian gold refiners on the LBMA's "Good Delivery" list, and subsequently we said that this "begged the question as to what would the LBMA do about the large
My readers know that I've written about nuclear power as a pragmatic solution to the world's energy needs since I started this blog.
In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, "We're all Keynesians now."
Market Rundown: It's like Lehman, with one Huge Exception-They Need Gold
Standing in front of a local coin shop, I asked random people if they would rather have a free 1 oz Canadian maple leaf gold coin or a free $20 bill.
While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days.
War is government at its worst.