EdwardTeach

Rather than celebrating the sudden rapid rise in gold price maybe we should be more concerned about these sudden moves over the past month? After all gold is the barometer of global chaos. Even WW3 preppers are talking about the price of gold at the moment. The first 10 minutes of Canadian Preppers daily news update was dedicated to talking about gold today.

Merry Christmas everyone. Is it possible to buy coin tube that will fit 10 x 1oz silver Britannias? I'm going to treat someone to a nice Christmas present of some silver coins but I can only afford to stretch to 10 Britannias rather than a full tube of 25 so it would be nice to have a tube that fits 10.

Huh???

“How did you go bankrupt?" "Two ways. Gradually, then suddenly.” - Ernest Hemingway

He does a 10 minute monologue on GB News every weekend. They’re very good. This was his last one.

The best intro to a video ever!

It actually looks like real gold and not coppery!

I agree. A programmable CBDC wallet/digital ID makes more sense to me too.

The programable options available to them and the level of control that a CBDC would give them over controlling your spending would be an order of magnitude higher with a CBDC than it is in the current financial system. It’s nothing like the same at all. It’s not even close. As I said “we are not there yet” but things will change later on once there are CBDCs and/or hyperinflation is happening. When that time comes then people will naturally want alternative methods of exchange outside of the CBDC/inflating currency. When that happens people will be forced to learn and adapt very quickly, everyone will know about gold and silver by then and will want it. You may not be able to pay your electric bill or taxes with gold and silver but people will want and accept it as payment for goods and services. But as I said we are not there yet! That probably won't happen until we have forced CBDCs or hyperinflation.

Initially it looked like the jump in gold price was just a response to the pound dropping in exchange rates. But now, 24 hours later, gold is also rising in other currencies as well which suggests there is something else at play and the price of gold is actually rising a bit in real terms too.

Once cash has gone and people realise that CBDCs don’t allow the user to spend their currency as they wish they will naturally start to look to alternative mediums of exchange. Gold, silver (and possibly some cryptos too?) are the natural alternatives. We’re not there yet but when the time comes people will naturally want gold and silver rather than a CBDC so there will be no trouble spending it directly without needing to exchange them first like we do now. That’s how I see things playing out anyway...

Everything is changing. It's just not going to happen all at once though. It takes far more time than people expect. Historically these kind of things tend to play out in lots of tiny little steps and stages which can take several years, sometimes even decades, as one new empire rises while the old one falls.

If the banks crash I see a > £25 silver by Xmas. Don't ask me to put my money where my mouth is though. I'm not brave.

Possibly.

Did the BRICS summit influencing the gold price yesterday? I would say it’s a definite maybe.

Probably enough to buy about 20% of an average sized house.

When push comes to shove I'm hoping a bar in the hand will be worth worth 120+ in the bush.

Does the US really still have 8,000 tons though? The last real audit was about 60 or 70 years ago. Germany was pretty worried when they asked for their gold back and were told they will have to wait 8 years.

He thinks he's the President. Bless him.

I wonder if they invited Putin after he couldn't be bothered going to the BRICS one in Africa?

No that's not what I meant at all. The Dollar has not been pegged to gold since 1972, either partially or otherwise, and when I said 'digital' I was thinking more of new blockchain technology unlike the ancient system currently in use.

So... if the pound keep crashing we'll all be rich!

I agree. It's not ready yet so they'll probably only discuss it for now but hold back on an official announcement for a while yet. Also it's a matter of timing. I bet they will time the rollout announcement for when the dollar is crashing and is in maximum trouble. At the same time the Middle East will probably also announce that they will accept the new BRICS currency instead of USD for oil from now on too. (...and that's how the Dollar ends and WW3 starts )

I expect it might be a partially gold pegged digital currency of some kind.