Central Banks Are Buying a Lot of Gold

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Nothing to see here! Central Banks are buying a lot more gold. Under Bidenistas, nations worldwide are de-dollarizing or planning it. The US days of the dollar as the reserve currency are ending.

The problem is gold is no bargain either.

Additionally, the debt-to-income ratio on FHA loans is 44%. That’s not good.

Texas is looking to go to the gold standard, but the economy is great. Just ask Joe Biden.

We also don’t save any longer, we can’t afford to, and the money blown to help the economy was a disaster. By the way, does anyone know how much gold is in Fort Knox? It hasn’t been audtied in a very long time.


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Lord Rothschild
Lord Rothschild
2 years ago

We NEED to use money which governments and banks do not control, WHATEVER that is.

Currently, those are gold, silver, and cryptocurrency.

1. Gold and silver payments over long distance are not practical.

2. Most cryptos, including Bitcoin, reveal your balances, purchases, and to whom you are donating, to whole world. So, Bitcoins, Ethereum, etc, are crap. They fulfill government and banker goals, just without their complete control. So, these are nothing more than CBDC-training coins.

3. The best option is Privacy cryptocurrencies, because they do not reveal how much money you have, or what you buy, or to whom you give. Privacy cryptos reveal nothing to anyone. No one can know if you even have them or use them, true Cryptography.

You can even get crypto which is backed by gold 1:1, but its not private. Others will know. Its called PAXG

The only cryptocurrencies that actually maintain complete privacy are Monero, Dero, and especially Pirate Chain.

Better get a little of each, in case government and banks go crazy. 

May as well start using privacy cryptos now, since you’ll have to use government cryptos in a year or two, anyway. Those CBDCs will control what you can buy, and how far from home you can spend it. They also plan to impose universal basic income where your CBDC will expire at end of month so you can’t save ANY money.

To stop crypto, government would have to shutoff electricity and internet. But they need both for CBDC so they can’t shutdown either and continue same controlling plans. So, by using Privacy cryptos and alternative networks, crypto communications (transactions) can continue just fine. With privacy cryptos, no one even needs to know you made a transaction with a buyer or seller at all.

We need to start adopting Privacy crypto usage, before government forces us to adopt their CBDC.

Its either that, or revolution, aka “to alter or to abolish” government.

GuvGeek
GuvGeek
2 years ago

Crypto will be gone if the Government shuts down the Internet. You can’t eat Gold and just as in the Depression the Government will confiscate Gold. Those who Farm and Ranch will have the most power in the coming Collapse. People will defend them against the Government because they don’t want to starve.

Htos1av
Htos1av
2 years ago

…and then they’ll artificially undervalue it. Just watch.

Last edited 2 years ago by Htos1av
GuvGeek
GuvGeek
2 years ago
Reply to  Htos1av

This why people are depleting their savings, Biden is turning cash into trash! In Big Blue Cities houses will be worthless when the War breaks out. Urban homes can’t be defended against the mobs who will pillage and plunder and Democrats have disarmed most Big Blue Cities.

When the USD collapses, Red States will be forced Coin Money to stabilize their economies based on their economic output. Since Big Cities don’t actually produce anymore, i.e. Manufacture, they will become 3rd World slums for decades.

This can only be stopped if the Federal Government is defunded to less than 4% of GDP for discretionary spending, the Military budget is cut to 2% of GDP, and we pay down the National Debt Principle at a rate of 1 Trillion per year. That is what it will take!

Anonymous
Anonymous
2 years ago

Curious. Does TX have a mint? Just checking, because if they do, that might be my option.

Anonymous
Anonymous
2 years ago
Reply to  Anonymous

Yes

Peter B. Prange
Peter B. Prange
2 years ago

Saving is just another tradition being rejected by so many who have never learned common sense.

Imagine raising the federal debt limit to $50t. Insanity!

GuvGeek
GuvGeek
2 years ago

When the Manure hits the fan you can’t eat Gold.

john
john
2 years ago
Reply to  GuvGeek

If people take your food you wont eat that either.

Htos1av
Htos1av
2 years ago
Reply to  john

Constitutional carry came online last week, there’s been a “nervous” silence from south of Daytona…

Anonymous
Anonymous
2 years ago
Reply to  GuvGeek

Lead, worth more than gold if applied correctly.

GuvGeek
GuvGeek
2 years ago
Reply to  Anonymous

In rural America we learned that Lead is King a long time ago. I just bought a few more thousand rounds. Monday we will be back out on the skeet range. A shotgun trumps an AR-15 in wooded areas or in urban warfare. A .338 lapua magnum trumps a AR-15 at 1000 yards. A Slug or a .338 lapua magnum also trumps most body armor.

A month after the collapse, a .223 round will be worth an ounce of Gold.