Gold breaks the psychological $2100 barrier! But why?
Everyone knows the US economy is toast for years now, yet the
#Gold
price remained muted. It’s not simply Central Bank buying pushing the price upwards or Fed rate policy change.
Guessing the insiders know there’s ‘a black
Industrial Demand Might Consume the Entire
#Silver
Market by 2025
Surging industrial & military demand for Silver could deplete inventories by 2025, driving price volatility and supply chain strains
Jim Rickards: The “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24.
This will be the biggest upheaval in international finance since 1971. It’s taking direct aim at the Dollar.
Quite simply, the world is
Jim Rickards: New BRICS Currency Boosts Gold & Destroys Dollar:
“This is a competitor to the US Dollar … I think it may be 8 grams of
#Gold
to one “BRIC” (currency). What does matter is they are going to anchor it to a weight of gold … It’s NOT redeemable in gold, it is
This idea banksters have that controlling Silver is a way to control the
#Gold
price clearly isn't working anymore as Gold keeps on breaking All Time Highs.
So why are they defending $30
#Silver
so hard? Maybe they don't want the extremely affordable Precious Metal to become
Silver miners struggle to keep up with demand.
'While we will see record
#Silver
prices over the next 5 years, mine supply growth is likely to remain modest with only minimal increases globally.'
Ted Butler: The Coming Move to $50 Silver (and beyond)
‘The coming
#Silver
price surge to $50 (and beyond) will be driven by both physical and paper buying and will occur against a backdrop far more bullish than existed in either 1980 or 2011’
According to Andrew Maguire The Federal Reserve no longer has the metal to support its short positions in
#Gold
, and soon will have to drop its long standing price suppression policy
#Gold
really wants to take off - see that relatively unusual sharp vertical jump - but quickly brought under control by the usual suspects.
One day soon the paper shenanigans will end and the upward line will keep going up
Got Gold?
#Gold
Short Position For Banks Reaches All-Time Record.
The bank positioning in
#Silver
is also at the extreme end of the spectrum ... there’s pressure building.
If a
#Gold
backed BRICS currency is launched it’ll be an existential threat to the Ponzi Dollar, the US Industrial Military Complex funding, and the bankster/WEF elites plan for a Fed/Western CBDC linked to a social credit score.
The US, led by senile degenerate president Biden,
As you’re probably aware by now Biden been pulled off the campaign trail because he has COVID…
Thank goodness it’s not Alzheimer’s, dementia, senility, incontinence, or an unhealthy penchant for sniffing little girls due to brain damage!
India's
#Silver
imports to double on demand for Solar
India imported 3,625 tons of the white metal last year, this year's purchases could rise to between 6,500 and 7,000 tons.
Russia Set to Boost Silver Reserves in Major Precious Metals Strategy.
Russia shifts its precious metals strategy, adding
#Silver
to state reserves alongside
#Gold
, platinum, and palladium —potentially impacting global markets as Central Banks reconsider Silver's value.
The ever increasing industrial demand of
#Silver
:
Australia gives the go-ahead for a $13.5 Billion solar project to ship energy from a giant solar farm in the country’s north to Singapore through a 4,300km (2,672 miles) undersea cable.
John Rubino:
" Big Central Banks are behaving as if they are Terrified because they are aggressively buying
#Gold
They have bought about 1,000 Tons of Gold in each of the last 2 years ... they take the Gold off the market. They don’t turn around and sell it, they put it away as
Man Connected In China At The Highest Levels Says
#Gold
Headed To $3,000
“ The Saudis are selling oil for yuan, and China has grown to be their biggest consumer. This signals a fundamental shift in power from the West to the East, with the petroyuan taking the place of the
Gold slammed on US CPI data running hotter than expected, implying interest rates cuts less likely.
But as anyone who lives in the real world knows inflation is soaring, and the Ponzi Dollar is losing purchasing power daily.
#Gold
is slammed on US good news, gold is slammed on
History Suggests Something Dramatic Is About To Happen To Gold:
“If history is any guide,
#Gold
is likely on the cusp of another major breakout higher, which could result in a tripling of the price of gold in a matter of a few years”
Egypt putting the pieces in place for a Gold backed reserve currency that will replace the Dollar …
Egypt places international bid for Eastern Desert
#Gold
.
The country seeks to pump an investment of nearly $1 Billion in the mining sector by 2030 -
If JPM are touting
#Gold
you know it's in a bull run...
Gold is the No. 1 pick in commodities markets for JPMorgan, and the price has the potential to reach $2,500 an Ounce this year, according to the bank’s global head of commodities research -
#Gold
resuming its bull run, closely followed by
#Silver
Sharks are circling; they can smell the rotting stench of the decomposing Ponzi Dollar corpse & the multitude of globalist parasites who gorge within it.
Bill Holter: “Silver is a tiny market compared to gold, the
#Gold
market is 10 times bigger . . . . They are losing control of silver . . . . If they want to keep gold under control they better keep
#Silver
under control.
The Achillies heel to all fiat currencies is Gold.”
#Gold
breaks another record, PPT on holiday as the Dollar loses credibility in real-time. This tells us something humungous & ominous is incoming … Pick your Black Swan.
Gold jewellery retailers in Dubai said UAE residents are mostly holding onto their
#gold
assets and not selling even after the yellow metal hit a record high, as they expect rates to go up further -
#Gold
down on another dubious US economic stat: It's the eternal game of continuously hammering the price on any reason to maintain the illusion of Dollar strength.
And yet the BRICS+, Central banks & the wise keep buying Precious Metals at any price.
Well this is promising,
#Silver
finally breaks through the $30 glass ceiling.
We've been here so many times before; is this the breakout we've all been patiently waiting for for a decade, or will the banksters swoop in to save 'democracy' yet again? Time will tell.
‘ In sum, what we see in the COMEX futures markets are 8 players essentially betting against the rest of the World in order to control the price of Precious Metals ....’ -
All Time Highs just keep on rolling in on a daily basis as
#Gold
goes parabolic.
And for good reason as the Worlds reserve currency - the Ponzi Dollar - is printed into oblivion & the threat of WW3 looms ominously... if the Neocons can provoke it.
Remember: Gold survives EMP's
‘
#Gold
purchases by China & Russia’s central banks, and smaller moves by central banks elsewhere … suggest that the rise in gold prices so far may only be the tip of the iceberg’
Andy Schectman: BRICS new
#Gold
backed currency is coming, but first watch this move from Saudi Arabia at the BRICS summit
"The glue that will make all of this work is indeed having a currency backed by commodities, presumably gold, using distributed ledger technology or
China's Strategic
#Silver
Takeover: A Calculated Move to Drain the West
In addition to its
#Gold
hoarding, China has also been strategically increasing its silver reserves.
The Shanghai Metals Exchange has seen a significant surge in silver trading volume with prices
#Gold
down on US manipulated stats to show ‘the economy’ is doing better than expected
Same as every month, despite all the real-world evidence to the contrary
Rinse, wash & repeat until the mother of all crashes.
Silver decisively moving upwards at a rapidity that should ring alarm bells… why?
It’s (probably) not simple FOMO, momentum chasing or Indian buying.
If we are to believe Ted Butler’s analysis about JPM’s dominant grip on
#Silver
then they’re now letting the price rise to
Another country getting ready for a post Dollar World:
Tanzania's mining regulator has ordered all mining firms and traders exporting
#Gold
to allocate at least 20% of the commodity for sale to the Central Bank to bolster the bank's move to diversify its foreign reserves.
Central banks dump Dollars and Yuan in favor of "stateless currency"
#Gold
in a nod to intensifying geopolitical tensions and global economic uncertainties - Nikkei Asia
#Gold
resting at $2500,
#Silver
still below the $30 cap; all eyes on the next black swan that will propel Precious metal's upwards on the next leg of the bull run.
With so much chaos globally we won't have long to wait unfortunately.
#Gold
and
#Silver
jump as the Fed again fails to sufficiently massage US stats.
Todays takeaway: The real economy continues dying as parasitic & mostly useless government bureaucrats proliferate.
Billionaire Pierre Lassonde:
“You are going to get a mania in Gold when the Shanghai
#Gold
Exchange becomes a casino.
We all know the Chinese have a great propensity for gambling and I think at some point the Shanghai Gold Exchange is going to become a casino ...
that’s when
So much for sanctions & Weaponising the Dollar; it just pushed the rest of the World into the BRICS, de-Dollarization & Gold, whilst simultaneously de-industrialising the West ...
'Russia's holding of
#Gold
has reached a new high of $188 Billion and bullion's share in the
Bit of a Precious Metals Smackdown happening; probably the usual Bankster action on China worries.
However one day soon, when there's a real market crash,(paper)
#Gold
&
#Silver
will sell off fast to cover losses, and as happened in 2008 expect prices to go down a lot.
But
Vietnam is expected to allow companies to import
#Gold
for the first time in over a decade as it aims to bridge the widening gap between local prices and international benchmarks -
Martin Armstrong: A Period of Great Uncertainty
On
#Gold
at $2,500 an Ounce, Armstrong says it’s not about inflation, it is about the fear of a US debt default. This is why Central Banks are buying.
“If there is a big war, the US will default on it’s debt... I am very
#Gold
explodes on Fed Speak - ‘Operation Reverse Twist'
In other words the Fed 🤡wants to reintroduce more
#QE
because the US economy is in tatters.... Guess who caused that?
Your daily deDollarisation news:
Bolivia and Russia have introduced a new trade transaction system to drop the US dollar and Euro, and carry out international commercial transactions using the Russian Ruble and the Bolivian Boliviano instead -
Nomi Prins just warned what is about to be announced will Shock The World:
“it’s going to be a trade settlement currency among all of the countries involved so that every month or every quarter they settle the trade imbalances in physical
#Gold
”
#Gold
and
#Silver
resume their upwards march after Mondays market meltdown.
Let's be honest, there's a reason why Precious Metals are the 'flight to safety' assets of choice; in todays chaotic world their price will just keep going up.
Massive spike in
#Gold
to another ATH on Red Sea attacks & Oil supplies under threat… and the Neocons are set to finally get the War with Iran they’ve been salivating about for 23 years.
Guess someone knew about this in advance which is why Gold reached ATH on Friday.
New
#Silver
based antibacterial gel 100 X more effective in killing hospital acquired infections
The proposed medication is cheap, non-toxic and easy to synthesize -
#Gold
is selling like hot cakes in South Korea's convenience stores, vending machines.
Demand for bars & coins in South Korea rose 27% year on year to 5 tons in the first quarter of this year
Another day, another
#Gold
ATH.
#Silver
has also broken free of the Bankster shackles (problems with the US Ponzi Dollar economy Jamie?)
Good news for those who own physical metals, bad news for everyone else.
India moves 100 tonnes of
#Gold
from the UK to its domestic vaults, with plans to relocate more soon.
Looks like they're preparing for the rumoured new Gold backed BRICS currency to compete/replace the US Dollar.
Russia is close to finalising an Asian trade settlement in
#Gold
. This move will cause enormous chaos for the West and will also rock World Markets as gold is brought back into the monetary system -
A sick US patient with a $100 Trillion debt
As
#Gold
buying continues to move from West to East with gold most probably becoming the new Reserve Asset for Central Banks instead of the Dollar, there will be a total repricing of gold -
Gold up after yesterdays smackdown
A year ago the climb back would have been weeks if not months; the rapidity of the recovery shows we’re in a full
#Gold
bull run.
#Gold
keeps on breaking records, which really shouldn't be happening during the summer months.
After years of 'Kicking the Ponzi fiat Can down the Road' the Can has finally disintegrated.
#Gold
looking invincible and
#Silver
at $32 has all eyes on it for an upside break to bring it back to $50 ATH’s and beyond.
But remember Silver, despite the justifiable hype, is subject to extreme volatility.
Caveat emptor (buyer beware)
The amount of
#Silver
China uses in its vast photovoltaic projects is staggering. This physical demand will break the price fixing …
The world's largest solar farm is now connected to China's grid:
‘The project covers an area of about 200,000 acres, has a utilization hour of
More deDollarisation:
#Indonesia
is following the lead of the BRICS in shifting away from the US Dollar in trade & financial transactions, according to the country’s central bank.
Jakarta has introduced transactions in the local currency to settle cross border trades -
The price of
#Silver
will have to rise for decades to come because of Solar’s off-the-charts global growth:
Solar power is growing so quickly it is set to become the biggest source of electricity on the planet by the mid-2030s.
By the 2040s it could be the world’s largest
Egon Von Greyerz:
#Gold
and
#Silver
now entering exponential phase
“The price moves in the coming months and year are likely to be spectacular. The combination of technical and fundamental factors can easily drive gold well above $3,000 and silver to new highs above $50”
If reports are to be believed that WEF stooge President Macron has sent troops into Ukraine, then we’re entering the hot phase of WW3.
Yesterday Putin declared Russia was in a War, followed by extensive bombing of Kiev, now a mass shooting in Moscow. Russia will rapidly
Amazing how
#Gold
hasn’t jumped on ominous Ukraine war escalation News and how close we are to Nuclear WW3 …
Already baked into the cake, Fear Fatigue or just plain & simple denial of reality?
Gold rising after ‘profit taking’ - only an Algo trading paper gold in nano seconds would sell gold now.
The rapidity of the bounce back shows we’re in the ‘Everything collapse’ where Ponzi fiat dies &
#Gold
shines like a supernova
Charles Nenner: Super Bull Market in
#Gold
About to Start
“ The Dollar’s buying power could possibly be cut in half. . . . That’s the reason why we expect a super bull market in Gold and Silver ”
#Gold
breaks $2,020 - Everyone say ‘Oooh!’
Apparently it’s due to reports of OPEC+ problems, but the underlying driver is those in the know understanding how close the teetering Banking sector is to a 2008 style collapse, and
#Gold
is that goto safe-haven asset.
That
#Silver
smackdown yesterday is just another Bankster induced blip on its upwards trajectory. Why? Because underlying physical demand from industrial use continues unabated:
US solar production soars by 25% in just one year
Another day, another fake US jobs report to justify another fake
#Gold
smackdown to allow a fake financial system to prop up a fake democracy.
All Fake, All noise. The only thing that isn't fake is physical Gold & Silver.
Ted Butler has been calling out
#Silver
manipulation for a long, long time … maybe this time he’s right?
“We may be at the end of the long-running manipulation and set to rocket higher in silver prices.”
#Gold
's Rise Signals The Decline Of Empires
'Back in the days of the Roman and Ottoman Empires, currencies would be debased through the reduction of the amount of
#Silver
in a coin. The US does things differently, but the effect is the same.'
Russia confirms BRICS will create a
#Gold
backed currency.
The Gold market could see new bullish momentum as the World could see a new type of Gold standard.
Another day, another set of propped up US stats, another putative
#Gold
smackdown (Algos doing their electronic Pavlovian thing )
All noise; Gold is inevitably heading much higher as the hyper-printed US Ponzi Dollar continues its slow, painful decline.
While the
#Gold
move is exciting, the standout performer going under the radar is
#Silver
, here’s some things to be aware of:
• It’s not a Basel3 tier1 asset, so banks aren’t feverishly buying it (apart from JPM, allegedly)
• It’s also not an asset Central Banks are hoarding
Gold going up again; the old Bankster suppression mechanisms don’t work anymore…
It’s a Bull Run fuelled by de-Dollarisation as the World rejects the Ponzi Dollar and the War Machine & parasite class it funds
Buy
#Gold
& collapse the Empire before they vapourise you in nuclear
Egon Von Greyerz Just Warned A Major Revaluation Of Gold Is Imminent:
“I don’t expect that there will be one
#Gold
backed currency at a fixed parity, but rather that gold will float at a much higher value than currently with a link to BRICS currencies.”
Egypt: Gold Funds Provide Citizens with Hedging Opportunities
Egypt’s first
#Gold
investment fund is aimed at enhancing levels of financial & investment inclusion, and working to build an advanced non-banking financial sector
The gold investment fund represents the first