Thankyou Alasdair for your excellent insights. I have a question I would like to ask.
We are Australian Wool growers. Until recently the Chinese Government would only allow their wool processors to buy our wool in USD. But that has now changed, China can now buy our wool in RMB. If we receive payment in RMB, can we now convert that to Gold? I expect that we would have to open an account at a Chinese bank but that is ok, as long as we can take delivery of the gold proceeds in Australia. Interesting World.
Multiple US states now recognize gold as money. Texas just passed a law a few days ago. Remember, all these highly paid money changers all have physical gold held in Swiss vaults. The rule is that they don't talk about it.
If I understand correctly, the Shanghai Exchange is physical delivery only, no cash settlement. I must wonder if Comex will go or be forced into this model at some point.
One listen to Alex Karp of Palantir, CIA cutout, and we know exactly what they mean by punishing "bad behavior". The psychopath even used the phrase "cutting heads off:" Massive surveillance and drone targeting systems were erected during the Covid misdirection in both America and England
I'm not so sure, Alasdair. The Central Banks may be hoarding gold to take it off the market as an alternative currency, and as Augustin "Fat Boy" Carstens said, replace it with programmable blockchain funny money as a surveillance and correctional tool .
Thank you Alasdair.
Thanks Richaed.
Thankyou Alasdair for your excellent insights. I have a question I would like to ask.
We are Australian Wool growers. Until recently the Chinese Government would only allow their wool processors to buy our wool in USD. But that has now changed, China can now buy our wool in RMB. If we receive payment in RMB, can we now convert that to Gold? I expect that we would have to open an account at a Chinese bank but that is ok, as long as we can take delivery of the gold proceeds in Australia. Interesting World.
Multiple US states now recognize gold as money. Texas just passed a law a few days ago. Remember, all these highly paid money changers all have physical gold held in Swiss vaults. The rule is that they don't talk about it.
If I understand correctly, the Shanghai Exchange is physical delivery only, no cash settlement. I must wonder if Comex will go or be forced into this model at some point.
One listen to Alex Karp of Palantir, CIA cutout, and we know exactly what they mean by punishing "bad behavior". The psychopath even used the phrase "cutting heads off:" Massive surveillance and drone targeting systems were erected during the Covid misdirection in both America and England
I'm not so sure, Alasdair. The Central Banks may be hoarding gold to take it off the market as an alternative currency, and as Augustin "Fat Boy" Carstens said, replace it with programmable blockchain funny money as a surveillance and correctional tool .