Is gold going to be the next resource that more wars will start over

[HerefordBullyun]

Given the fact Gaddafi was killed over pegging his oil to gold backed currency instead of the dollar.

I am reading more things about wars over the golden stuff.

Potential conflict in UAE and other countries owing to no conformity with LMBA

 

https://www.zerohedge.com/markets/delusional-push-lbma-threatens-blacklist-entire-gold-trading-centers

Armenian gold mine taken over by Azerbaijan.

https://www.zerohedge.com/markets/azerbaijani-troops-enter-largest-armenian-gold-mine

 

[Martlet]

No.

Longer answer, there isn't much point starting wars over gold when it comes out of the ground and into the market anyway.  It's an odd inference to make anyway from the Zerohedge article, which is concerned about who the global regulator/authority is and what they might do.  UAE will comply with the regulations, or if that's such an imposition, start an alternative market.  

[HerefordBullyun]

9 minutes ago, Martlet said:

No.

Longer answer, there isn't much point starting wars over gold when it comes out of the ground and into the market anyway.  It's an odd inference to make anyway from the Zerohedge article, which is concerned about who the global regulator/authority is and what they might do.  UAE will comply with the regulations, or if that's such an imposition, start an alternative market.  

But if it's a alternative market the elite won't stand for that. 

[screamingeagle]

35 minutes ago, HerefordBullyun said:

But if it's a alternative market the elite won't stand for that. 

You do realise there already is an alternative market to LBMA for Gold? Hasn't started any wars.

[Happypanda88]

24 minutes ago, screamingeagle said:

Hasn't started any wars.

I suspect you're referring the Shanghai Gold Exchange! 

But it doesn't always have to be a shooting war. It would be economic sanctions, trade war, kidnapping the CFO or biological warfare ! 

[screamingeagle]

Shanghai and COMEX are both alternatives to LBMA for trading Gold or derivatives of Gold. Both utilising slightly different systems and conditions of pricing and trade, neither of which has caused any wars-trade or otherwise. This basically confirms what was in the article (without the sensationalist spin), if participants don't like the terms of trade, they can start a new exchange as the UAE and Indian participants are signalling they can do.

[HerefordBullyun]

1 hour ago, screamingeagle said:

Shanghai and COMEX are both alternatives to LBMA for trading Gold or derivatives of Gold. Both utilising slightly different systems and conditions of pricing and trade, neither of which has caused any wars-trade or otherwise. This basically confirms what was in the article (without the sensationalist spin), if participants don't like the terms of trade, they can start a new exchange as the UAE and Indian participants are signalling they can do.

Paper markets are different. I'm talking physical. Paper markets are part of the narrative.

[screamingeagle]

You can take physical delivery from COMEX, not sure about Shanghai. Just that most participants don't. How to go about it, if you deal in those contracts and want to take delivery is available to view here.  https://www.cmegroup.com/trading/metals/files/precious-metals-delivery-process.pdf&ved=2ahUKEwi9hoyBqajtAhVTXMAKHe80ACMQFjABegQIDxAH&usg=AOvVaw3boOaNfUEjELtd2Hb2rL5b

[SilverSceptic]

I think water will prove more important than gold in the near to distant future.

[RedDragon77]

6 hours ago, SilverSceptic said:

I think water will prove more important than gold in the near to distant future.

Especially projects like the Grand Ethiopian Renaissance Dam on the upper Nile caused tensions with Egypt long before breaking ground.

[Clens92]

1) That's not why Gaddafi was killed. 

2) No.  There is plenty of gold to go around.  Not even in the 19th Century were wars started purely for gold.

3) Fishing rights will see more people die in the next three decades than any precious metal.

[HerefordBullyun]

2 hours ago, Clens92 said:

1) That's not why Gaddafi was killed. 

2) No.  There is plenty of gold to go around.  Not even in the 19th Century were wars started purely for gold.

3) Fishing rights will see more people die in the next three decades than any precious metal.

Ok I am not challenging but asking what is your reasoning behind your statements. 

1. Why was Gaddafi killed then? 

2. Resources regardless of what they they are plundered by elites and if they aren't in complete control of the market, then potentially it's war, which goes back to point 1.

3. I agree that the arguments over natural resources and food, water will be the next thing that 2 bald men will be fighting over a comb for but until all resources are drained by controlling and owing the market and resources.

[RedDragon77]

1. How many books do you have time to cram in?!!!

2. See 1

3. See 2

😅

[Martlet]

8 hours ago, HerefordBullyun said:

Ok I am not challenging but asking what is your reasoning behind your statements. 

1. Why was Gaddafi killed then? 

Because he lost control of the country to rebels.  The gold backed currency theory ignores that a) it did not happen in isolation, there was the wider Arab Spring event and he might have won the civil war, and b) with about $7bn of gold, he didnt have nearly enough do this for own country let alone pan-Africa.  That is not to say he may have had aspirations of such a plan, which would rely on other African nations trusting him to control their economic prospects, unlikely to say the least.  

[HerefordBullyun]

Interesting stuff from ZH

 

https://www.zerohedge.com/commodities/central-bank-uzbekistan-introduces-parallel-currency-gold

[RedDragon77]

On 05/12/2020 at 06:51, HerefordBullyun said:

Interesting stuff from ZH

 

https://www.zerohedge.com/commodities/central-bank-uzbekistan-introduces-parallel-currency-gold

That's surprising, wish I could do that at the bank! And get Libertads and ASE/AGE at the bank as well!

[Coolsmp]

Not that ive got anything against Uzbekistan but it's just not that important on the world scene. Even if they did start issuing/encouraging gold to its citizens in whatever form all they would do is sell on ebay or something similar for US dollars and it would work its way to the West.

[Connor]

If you are counting my other half's reaction when I start buying sovereigns in the new year, then yeah at least one will start over it.🤣