If Chinese Yuan will be backed by gold and will be a Petro Yuan, why Chinese people are rushing into gold and or silver, instead of holding on their own currency?
They must think those metals will go up in their currency.
Perhaps the citizen demand has nothing to do with the Western obsessions about petrocurrencies or backing fiat with metal. It's just a mild speculation in scarce tangibles, rather like apartments, cars or watches. Another rather obvious form of saving, if you can afford to diversify. Nothing else to interpret about it. It is value-free.
I do subscribe to Aladair’s substack & have been frustrated that I cannot find a place on it to ask questions. Maybe I am doing something wrong. I was glad at the end of Danny’s interview that Aladair mentioned gold stocks. I long for someone to define “credit”. When admonition is given: “Get out of credit’ I wondered if that even meant pm stocks because pm stocks are in a brokerage account. What IS Aladair’s definition of credit? Respect his observations so much would love to know.
Stephanie, for Alasdair's presentation on the differences in gold as money versus what credit means, refer to this article he wrote on that subject: ... "Why Credit Needs a Golden Anchor" By Alasdair Macleod in Goldmoney March 10, 2023. I have found it to be an absolute gem!
If Chinese Yuan will be backed by gold and will be a Petro Yuan, why Chinese people are rushing into gold and or silver, instead of holding on their own currency?
They must think those metals will go up in their currency.
Perhaps the citizen demand has nothing to do with the Western obsessions about petrocurrencies or backing fiat with metal. It's just a mild speculation in scarce tangibles, rather like apartments, cars or watches. Another rather obvious form of saving, if you can afford to diversify. Nothing else to interpret about it. It is value-free.
I do subscribe to Aladair’s substack & have been frustrated that I cannot find a place on it to ask questions. Maybe I am doing something wrong. I was glad at the end of Danny’s interview that Aladair mentioned gold stocks. I long for someone to define “credit”. When admonition is given: “Get out of credit’ I wondered if that even meant pm stocks because pm stocks are in a brokerage account. What IS Aladair’s definition of credit? Respect his observations so much would love to know.
Stephanie, for Alasdair's presentation on the differences in gold as money versus what credit means, refer to this article he wrote on that subject: ... "Why Credit Needs a Golden Anchor" By Alasdair Macleod in Goldmoney March 10, 2023. I have found it to be an absolute gem!
The Western nations are ruled by fools worshipping the false gods of macroeconomics and military interventions. Neither works.
They are not fools and they only worship one false god - Satan. Hence the child sacrifice.
And don't be fooled - they are ALL in on it.
"It's a big (pedovore) club - and you aint in it" as George Carlin would say.
Im stacking gold and silver