Okey, here again a post some will not appreciate as it does not directly has anything to do with the progress of STP as such. Why do I post it then? Well because I as an investor try to figure out in these very extraordinary times where to best put my money. Bottom line I think there is something draconian in the works and persopnally I'm convinced gold will be demonatized. So IF i'm right (can't know with certainty I am hovwever) maybye just maybye
this is an option worth considering. I see it coming. Maybye someone and IF i'm right can be helped by this. If not well you at least got the logic behind my resoning and was able to dimiss it.
Oil is the ultimate currency as all economic activity depends on it and as the lifeblood of all industrial as well as food production and logistics I belive thats where you should be accodring to my thinking as an investor. Gold and precious metals preseves your worth but only oil in real terms will not only protect your worth but in addition also increase in value relative other things. That is not the case relative precious metals.
Take care out there...
Jim Rickards discusses gold and the importance of the barbaric relic in geopolitical terms. As Rickards is trying establish his thesis on gold and the dictatorial powers of the USA, the hosts and guest promptly do their best to downplay the importance of gold and Rickards' analysis. Gold hit $1700 this morning and Rickards calls the United States a gold superpower and the Saudi Arabia of gold. He also mentions how the US could simply confiscate gold not only of its citizens, but that of other nations' gold that is stored in the USA. Jim Rickards has some interesting points of view and always provides great insight and analysis, even if he is ridiculed by those who proudly claim they don't understand gold, like those on this interview.
https://www.youtube.com/watch?v=L-yST98PMkU
The Gold Confiscation Of April 5, 1933
https://www.the-privateer.com/1933-gold-confiscation.html
Question then is how much gold is there really in the US? As all US gold, also all gold confiscated in 1933, is supposed to be stored in Fort Knox and as there has been no real audit of that gold in decades this matter about how much gold the US really has have been up for debate ever since.
A month after President Nixon resigned over the Watergate affair Congress demanded to inspect the contents of Fort Knox but the trip to Kentucky was dismissed by critics as a photo opportunity. Three years earlier Mr Nixon brought an end to the gold standard when France and Switzerland demanded to redeem their dollar holdings for gold amid the soaring cost of the Vietnam War.
Pressure for more openness is mounting after the collapse of the global banking system and renewed interest in a return to the simpler era of the gold standard - a subject that is likely to be raised at the G20 summit next week. China and Russia are calling for the creation of a new world reserve currency amid fears that the Federal Reserve's quantitative easing policy - essentially printing money - might cause hyperinflation, then collapse.
https://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece
Safe Deposit Box?
https://video.foxnews.com/v/3927219/
Maybye, just maybye Nixon had to get off the god standard as there was no gold left in the vault and as they where unable to deliver the gold back to France and Switzerland as they in fact had requested?
Insider Report: US Government Will Confiscate Gold When It Touches $2000
We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USAfor about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada.
https://guerillatics.com/?p=573
Soros Dumps Gold, Inciting Fear of Plummeting Price
https://thenewamerican.com/economy/markets-mainmenu-45/8495-soros-dumps-gold-inciting-fear-of-plummeting-price