China has been accumulating not just gold, but silver as well. In this interview with Dunagun Kaiser, I talk about this and the end of the credit bubble.
So many people have no idea what is about to hit them. To them it just doesn't seem possible. They're brainwashed to within an inch of sanity and there's no telling them 🤷🏻♂️
In New Zealand [ where I come from ] even the red pilled people are becoming overwhelmed already >part of it is the last few years and the deaths from the poison vaccine and the now fear of the future . They can hardly believe that New Zealand has collapsed into race based hatred and the socialism and woke that has control, I got out, i removed bank savings to gold [ yes all ] and I am in Thailand . I decided I could help one other person and I have but I still dread what is to come . The OP is correct they are like possums in the headlights > I think New Zealand will come under foreign ownership soon., honestly we are drongoes [NZ. slang for dull and witless person ]
The NATO/Five-Eyes countries, Israel, Ukraine and others are all controlled by the same small, ancient group of families, often known as The Black Nobility. They hide behind Zionists, who in turn hide behind Jews/Jewishness/antisemitism :(
The NPCs are all over the place. You cannot reason with them, as Yuri Bezmenov said - they are contaminated. As for collapse of New Zealand, helped by that WEF horse-face mare, it is now all of West Europe with planned immigration and bolshevism.
People may wake up in the coming gulags. But if you got gold, you can bribe the guards no problem, they'll even let you get jiggy with their sisters, wives and daughters. As Alasdair always says "What's not to like?" LOL
Silver upward repricing seems to be expected, but surely it is all fairly simple when we see China has purchased several years of world supply.
On money, credit and gold, I follow Alasdair. On silver, not quite so sure. I'd really like to know why China would now want to revalue silver.
China expects no support from the US Fed, or Western monetary system, should a typhoon blow in from the West (actually, their East). The operation of the entire dollar derivative system, while intensely interesting to the Chinese, is very different than anything they are involved in. Their eurodollar and Treasury holdings aren't part of swap agreements, their necessary trade for oil for example is arranged as far as possible around renminbi credits/debts, and they try to never trade only for consumptions, preferring to trade (in one example) stores of crude and distillate - always being the swing consumer, when that trade can't support China being a swing producer.
To the extent that China has accumulated silver to match her pile of gold, the management of the Chinese markets in each permits their use as currency backing. As for centuries already, the necessary degrees of separation under central authority of each market and price are - in China - central to this, and form any credit extension mechanism built as needed off valuables, which has used several extra precious species but would nowadays be bimetallic.
Two bullion species are sufficient, but one is not.
Chinese credit systems were not formed over a desired 'ultimate hard backing' like gold became in the West, but rather, the confidence in the ancient system of control connecting backings of species, use of both silver and gold being the minimum necessary for this. To achieve this, the relative price of one to the other must be determined by the PBOC. Each species employed requires others to become useful. It's a little bit like supply management and swing production/consumption. In this case, it references the nature of authority and size.
Once nobody else can game the species, it's then accepted by everyone that the PBOC can.
From Alasdair and others, we know the two hoards of physical metal are now probably large enough for this.
Notice that this is not the direct, cruder way Central Banks' gold has been used right up to now in the West, protected by soldiers in fortifications, then used in swapped forms and via certificates.
The China system worked flawlessly until disrupted by the Ming collapse including the opportunities this collapse later gave to the West, which the West see as modern China's history. Chinese monetarists certainly see this as a loss of silver for opium, and Chinese all see the implications of the loss as centuries of family and social and physical destruction.
China won't now re-set the relative price of silver to gold until it suits their purpose to declare that, and this may not be necessary while instability outside China is in progress, as this external influence assists monetary stability and all related forms of authority within China. Of course, China might find another reason we don't see yet in events.
So my own conclusion - and if anybody read this far, I am sorry for being so verbose about it - is at least for now, to massively revalue silver upwards in terms of gold, Western credits alone must flow one to the other, and the question today becomes - "are these now going to be large enough to reset silver upwards?" Maybe I have missed something, but China seems to me to have no reason to intervene here, and by the time we fully understand this, maybe such Western flows can't happen either. If you read this far you have an answer?
This 'not-happening' might then very well, in itself, suit China enormously, by re-establishing global acceptance of the dominance of the ancient Chinese version of backed money and of monetary authority. Which they always assumed was very obvious in any case.
In sum, China is The Bank and now determines all arbitrages between the two necessary species, gold and silver, as well as doing whatever else is required for China. Why reset? How simpler can it be?
So many people have no idea what is about to hit them. To them it just doesn't seem possible. They're brainwashed to within an inch of sanity and there's no telling them 🤷🏻♂️
In New Zealand [ where I come from ] even the red pilled people are becoming overwhelmed already >part of it is the last few years and the deaths from the poison vaccine and the now fear of the future . They can hardly believe that New Zealand has collapsed into race based hatred and the socialism and woke that has control, I got out, i removed bank savings to gold [ yes all ] and I am in Thailand . I decided I could help one other person and I have but I still dread what is to come . The OP is correct they are like possums in the headlights > I think New Zealand will come under foreign ownership soon., honestly we are drongoes [NZ. slang for dull and witless person ]
The NATO/Five-Eyes countries, Israel, Ukraine and others are all controlled by the same small, ancient group of families, often known as The Black Nobility. They hide behind Zionists, who in turn hide behind Jews/Jewishness/antisemitism :(
The NPCs are all over the place. You cannot reason with them, as Yuri Bezmenov said - they are contaminated. As for collapse of New Zealand, helped by that WEF horse-face mare, it is now all of West Europe with planned immigration and bolshevism.
People may wake up in the coming gulags. But if you got gold, you can bribe the guards no problem, they'll even let you get jiggy with their sisters, wives and daughters. As Alasdair always says "What's not to like?" LOL
"It is easier to fool people than to convince them that they have been fooled."
-MARK TWAIN
Will the Trump admin try to partially remonitize the dollar to gold?
I doubt it
Nixon did it in FEB 1972 to $38 then again MAR 1973 to the current $42.22
Silver upward repricing seems to be expected, but surely it is all fairly simple when we see China has purchased several years of world supply.
On money, credit and gold, I follow Alasdair. On silver, not quite so sure. I'd really like to know why China would now want to revalue silver.
China expects no support from the US Fed, or Western monetary system, should a typhoon blow in from the West (actually, their East). The operation of the entire dollar derivative system, while intensely interesting to the Chinese, is very different than anything they are involved in. Their eurodollar and Treasury holdings aren't part of swap agreements, their necessary trade for oil for example is arranged as far as possible around renminbi credits/debts, and they try to never trade only for consumptions, preferring to trade (in one example) stores of crude and distillate - always being the swing consumer, when that trade can't support China being a swing producer.
To the extent that China has accumulated silver to match her pile of gold, the management of the Chinese markets in each permits their use as currency backing. As for centuries already, the necessary degrees of separation under central authority of each market and price are - in China - central to this, and form any credit extension mechanism built as needed off valuables, which has used several extra precious species but would nowadays be bimetallic.
Two bullion species are sufficient, but one is not.
Chinese credit systems were not formed over a desired 'ultimate hard backing' like gold became in the West, but rather, the confidence in the ancient system of control connecting backings of species, use of both silver and gold being the minimum necessary for this. To achieve this, the relative price of one to the other must be determined by the PBOC. Each species employed requires others to become useful. It's a little bit like supply management and swing production/consumption. In this case, it references the nature of authority and size.
Once nobody else can game the species, it's then accepted by everyone that the PBOC can.
From Alasdair and others, we know the two hoards of physical metal are now probably large enough for this.
Notice that this is not the direct, cruder way Central Banks' gold has been used right up to now in the West, protected by soldiers in fortifications, then used in swapped forms and via certificates.
The China system worked flawlessly until disrupted by the Ming collapse including the opportunities this collapse later gave to the West, which the West see as modern China's history. Chinese monetarists certainly see this as a loss of silver for opium, and Chinese all see the implications of the loss as centuries of family and social and physical destruction.
China won't now re-set the relative price of silver to gold until it suits their purpose to declare that, and this may not be necessary while instability outside China is in progress, as this external influence assists monetary stability and all related forms of authority within China. Of course, China might find another reason we don't see yet in events.
So my own conclusion - and if anybody read this far, I am sorry for being so verbose about it - is at least for now, to massively revalue silver upwards in terms of gold, Western credits alone must flow one to the other, and the question today becomes - "are these now going to be large enough to reset silver upwards?" Maybe I have missed something, but China seems to me to have no reason to intervene here, and by the time we fully understand this, maybe such Western flows can't happen either. If you read this far you have an answer?
This 'not-happening' might then very well, in itself, suit China enormously, by re-establishing global acceptance of the dominance of the ancient Chinese version of backed money and of monetary authority. Which they always assumed was very obvious in any case.
In sum, China is The Bank and now determines all arbitrages between the two necessary species, gold and silver, as well as doing whatever else is required for China. Why reset? How simpler can it be?
I did not say China wants to revalue silver.
Indeed you did not.
Indeed!