Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Comment by djrichieon Mar 23, 2018 2:10pm
108 Views
Post# 27771658

RE:More

RE:MoreDon't forget the Yuan Oil futures exchange that is opening on Monday. This is the real reason for the trade wars ramping up this week, prior to the threat of it's opening. This is also the reason for the North Korea/China escalation brought on by America since China announced it's planned opening. If America loses its control of its grip on the petro-dollar system it is in real trouble. 

Take a look at what has happened to every country that has tried to go off the US petro dollar system. They have faced terrible, inhumane results at the hand of America; Iraq, Libya, Venezuela. Iran was next in the crosshairs, but with the support of China and Russia it doesn't look good for America holding on to it's petro-dollar system. They can't even get what they want in Syria... America is seriouc trouble, which is great for freeing gold mind you.

I don't like cheering against America, but I beleive in sound money more, and in the long run a return to sound constitutional money will be good for Americans.

Now watch for Saudi Arabia. If they agree to sell their oil to China, or more accurately if China demands that they will only pay the Saudi's with Yuan and Saudi accepts, this is a massive game changer and will spread through the region. Iran is already onboard as are the Russians. This will be the catalyst that leads to the US dollar taking a nose-dive. Which is incredibly bullish for gold.

Key points: It is accepted knowledge, but not yet confirmed (China keeps cards close to the chest) that the new Yuan oil futures exchange will also be linked to the Shanghai Gold Exchange. Let that sink in. What this means is that any country, like Saudi Arabia for example that does not want to keep their newly acquired Yuan received from payment of their oil can then freely exchange that Yuan for Gold........on the linked Shanghai Gold Exchange. To which the Shanghai Gold Exchange will then go out and make buy orders into the paper market (Crimex, LMBA) and demand physical delivery for these orders which are from countries looking to trade their Yuan for gold. This is will put enormous stress on the paper manipulators and deplete whatever physical inventories they have left in a real hurry. 

This does not make the Yuan an official gold backed currency, however, it does make it as good gold, and more importanly enough to break the back of the paper manipulation. Sending gold and mining stocks through the roof. America will retaliate with more tarriffs and sanctions and the world will ultimately polarize into 2 different reserve currencies and payment systems. 

Russia has already developed an alternative to the SWIFT payment system for China, Iran, Russia, and any other country that maybe hit with America's sanctions when it retaliates. It really is checkmate here for the US petro-dollar system. And in turn freeing gold to it's true market value. 

Gold will go through the roof during this transition and will stay high for many many years/decades as it will once again be an integral part of the worlds monetary system. During transition the western countries will likely stay on board with the US dollar system while the developing countries will go with the Yuan system and this will break the back of the US dollar along with the paper manipulation of gold and silver. Resulting in a true market discovery of gold.

GLA


Bullboard Posts