I don't envy anybody trying to analyse what is currently happening in the financial world just now and then going public with their findings. Nothing is as it seems these days, central banks make moves they would not have ever done before, rules are changed on the QT, figures are manipulated beyond anything seen in recent years and that's without anything geopolitical being taken into account. So hats off to Alasdair for his take on the situation, it was an honest and interesting 50 minutes. So much foresight from the Chinese going back decades and so much hubris from the west. If the current goings on were released as a book 30 years ago it would have been logged in the "fictional" section of the library over here and in the educational section in the east.
Bound to say that all of this manipulation and corruption per Geopolitics and Financial Markets has been all too apparent and " In Yer Face " for anyone whose chosen to go deep down into the rabbit hole where the facts and time-frame behind all that we see today actually goes back some hundred's of years ....and is in a lot of ways by magnitudes far worse than many who've only touched on the surface as to what goes on , how and why - will ever fully comprehend . Agree - we should all count ourselves lucky to have the sage that is Alasdair Macxleod and a few others like him to explain and chart the course of what's on the way ..!!¬
If bitcoin is so precious as many people think because there will only be 21 million coins “mined” the platinum as a PM should be 15 to 20 times the value of AU because of its rarity. Just MHO.
Yes - But it's not a monetary metal which of course Gold is & Silver has been for thousands of years up until 160 + years or so ago - when in my opinion it was purposely de-monetised by the ' Money Powers ' for reasons which should become
highly apparent when the Ordure finally hits the fan .
This said and in real terms ,I've long been of the opinion that ' Silver ' is far and away
the most important of the monetary metrals - which true price discovery will prove in spades when the shackles of industrial level manipulation and price supression are finally cast aside .
Silver is historically a monetary metal and now is the most important industrial metal there's ever been ...nothing electronic or electrical would function without silver ..good bye computers / satellites / mobile phones / consumer electronics / cars / aircraft + myriad other things including all missile technology ( which would be a good miss ) .
None of these are reliant on Gold to function which is why ( allegedly ) every ounce of Gold that's ever been dug up is still pretty much all above ground - where as there's next to nothing in terms of Silver - which due to price supression , largely gets chucked away and is never recovered due to it's current criminally low price point makijg it non viable to do . The Demand to |Supply-Side situation as regards Silver is in a vast deficit and getting worse by the day .....Sometime very soon this situation violently correct and result in ther most massive realignment of the real price to the up-side by magnitudes and far higher than most anyone could possibly imagine .
Far more than being both a monetary and industrial metal - Silver is above all a
' Strategic Metal ' - the most important strategic metal on planet earth ...Wher else would the super-savvy Chinese ce scouring every corner of Planet Earth to hoover up ever last ounce of physical Siver and dore' they can lay their hands on ...???
Yes - quite . I find the whole area of ' BTC ' and ' Crypto ' a complete minefield .
As regards ' BTC ' being limited to 21,000,000 ' Coins ' - I can't work out why this is so often put out as being evidence that it's not being magiced up into existense and being de-based on a continual basis like all Fiat currencies . I might be wrong but I think that ' BTC ' has been ' Halfed ' 2 - 3 x already and is divisible into myriad smaller units ...?? . So ( & if this is correct ) - where's the real difference if the inventors / developers hadn't put this 21,000,000 limit on it in the first place ..??
I AM HAPPY TO BE EDUCATED IF I'M WRONG & UP THE CREEK HERE
Not sure how much credibility or likely longevity we should put in the recent spike in Platinum ....?? . But the more the merrier now we've got 3 x Precious Metals on a hopefully long term upward trajectory .
Morning R.G. - Frankly got no idea on this as the whole situation both in terms of International Geo-Politics and the ongoing viability of the entire Global Financial system is akin to ' Roadrunner ' when he's run off the edge of the ravine and has stopped dead in mid-air .....and then looks down ...etc . What ever the numbers are
they will have multiple zero's on the end and largely resemble the cost of buying a single ounce of Gold in the Weimar Republic in 1923 ...which was something like
17 - 18 x Trillion Marks per ounce - having risen from 5 - 20 x marks per ounce only 4 - 5 x years previously in 1919 ......LOOK OUT ABOVE ..!! .
As regards Bitcoin's ' Value / Price ' it is not digital Gold , has no tangible backing and is essentially largely pegged to the dollar - so it will either explode to the stratosphere ( In worthless fiat currency terms ) OR - crash & burn when everyone eventually wakes up to the fact it's some ephemera . I personally think ' BTC ' is / was a construct of the CIA / Deep State / Swamp ./ Old Money powers & is a Psyop to brainwash the masses ( including many clever & rational people ) . To this extent it's been an outrageous + highly questionable , irrational & inexplicable success .
I've never been able to get my head around it from the beginning and I get ever more confused with every month / year that passes . All I can ever equate it to is
' Tulip-Mania ' and various other non-sensical scams that history has provided .
Where ' Platinum ' is concerned - just don't know . It's not and I don't think has ever really been a monetary metal and simply wonder whether whether its resurfacing now is some form of pump & dump to keep ' Joe Public's ' attention focused away from the real deal which is Gold & Silver ...etc . There was of course the time back in Obama's time of course when it was mooted that the U.S. Treasury
was going to have minteda $ 1 x Trillion woth Platinum Coin ( or series of them )
and that this / they would allegedly be used to back all of the paper and digital garbage with ......Your guess is probably as good as mine .Mightilly confusing
Good morning from Not-Yet-Sunny-Today-Florida, Simon. I agree 100% with your theory on BTC.... Gold is the antidote to fiat and BTC is the distraction which in my mind (and apparently in yours as well) keeps a lot of otherwise intelligent people (who respect technology more than they respect history) from dumping their fiat for gold. BTC, as you've correctly indicated, is tied to the dollar, and if 1923 Weimar hits the dollar then one of the two scenarios that you've spelled out will happen. I'm of the opinion that when the Baddies decide to pull the bathtub plug on BTC and dump it for gold, a lot of people will be sadly destitute. I'm wondering how MSTR fits into this dastardly plan.....
Quite - It's a lot like the ' Covid / Corona Virus - Plandemic ' , I just can't understand just how many outwardly sane and rational people have been suckered into what looks like an outright scam and bunch of lies ..??
A question for the community if I may. I am about to sell a significant Gold ETF investment, in order to buy physical gold outwith the banking system. I am advised that the ETF cash will take 3 days or so for the funds to appear in my account. Does anyone have any tips on the best time of day/week/month to sell, and likewise, the best time to buy. I would like to minimise the time I am in cash. An easy one :)
China's growing proposal of a gold standard with trade will not save Russia's deteriorating economic plight Putin is holding out hope but the timeline for such a transition is too long in the coming and between Q2 and 3 stagflation is the prediction And meanwhile the Orange Cheeto's and his Nazi regime in the US withdrawal of military aid is unconscionable
Thanks, once again, for your considered insights; a bit of a salve, as we try to navigate a shifting economic landscape. That said, I was a bit taken aback to hear you and DK conflate socialism and communism. Communism is about government ownership and runs the risk of slipping into Totalism, whereas socialism is about individual agency and less governance. Here is Marxist economist Prof. Richard Wolff, with a fairly succinct and rather lucid explanation of the subject: https://www.youtube.com/watch?v=enJtVcGZ96g&ab_channel=DemocracyAtWork
The theory is sound enough but I don't think that it's ever panned out this way as the
technocats / fascists never give the - " Power to the People " . Long live ' Wolfie Smith '
and the ' Tooting Massive ' but ( shame ) all the same old nose in the trough bad actors always remained in power and in charge of all of the switches which they used to remain in power / enrich themselves & subjugate and rob blind the proletariat . Same Old - Same Old
I don't envy anybody trying to analyse what is currently happening in the financial world just now and then going public with their findings. Nothing is as it seems these days, central banks make moves they would not have ever done before, rules are changed on the QT, figures are manipulated beyond anything seen in recent years and that's without anything geopolitical being taken into account. So hats off to Alasdair for his take on the situation, it was an honest and interesting 50 minutes. So much foresight from the Chinese going back decades and so much hubris from the west. If the current goings on were released as a book 30 years ago it would have been logged in the "fictional" section of the library over here and in the educational section in the east.
Bound to say that all of this manipulation and corruption per Geopolitics and Financial Markets has been all too apparent and " In Yer Face " for anyone whose chosen to go deep down into the rabbit hole where the facts and time-frame behind all that we see today actually goes back some hundred's of years ....and is in a lot of ways by magnitudes far worse than many who've only touched on the surface as to what goes on , how and why - will ever fully comprehend . Agree - we should all count ourselves lucky to have the sage that is Alasdair Macxleod and a few others like him to explain and chart the course of what's on the way ..!!¬
Here here
Silver is doing pretty well, but platinum even more so.
Strange, but a few weeks ago, before platinum started rising, someone mentioned Zelenski getting a share of Northham Platinum mines (Northplats).
This has been confirmed now not only by the sudden "coincidental" increase of the platinum price, but the fact that the fact-Cheka denies it.
Great insight - thanks.
If bitcoin is so precious as many people think because there will only be 21 million coins “mined” the platinum as a PM should be 15 to 20 times the value of AU because of its rarity. Just MHO.
Yes - But it's not a monetary metal which of course Gold is & Silver has been for thousands of years up until 160 + years or so ago - when in my opinion it was purposely de-monetised by the ' Money Powers ' for reasons which should become
highly apparent when the Ordure finally hits the fan .
This said and in real terms ,I've long been of the opinion that ' Silver ' is far and away
the most important of the monetary metrals - which true price discovery will prove in spades when the shackles of industrial level manipulation and price supression are finally cast aside .
Silver is historically a monetary metal and now is the most important industrial metal there's ever been ...nothing electronic or electrical would function without silver ..good bye computers / satellites / mobile phones / consumer electronics / cars / aircraft + myriad other things including all missile technology ( which would be a good miss ) .
None of these are reliant on Gold to function which is why ( allegedly ) every ounce of Gold that's ever been dug up is still pretty much all above ground - where as there's next to nothing in terms of Silver - which due to price supression , largely gets chucked away and is never recovered due to it's current criminally low price point makijg it non viable to do . The Demand to |Supply-Side situation as regards Silver is in a vast deficit and getting worse by the day .....Sometime very soon this situation violently correct and result in ther most massive realignment of the real price to the up-side by magnitudes and far higher than most anyone could possibly imagine .
Far more than being both a monetary and industrial metal - Silver is above all a
' Strategic Metal ' - the most important strategic metal on planet earth ...Wher else would the super-savvy Chinese ce scouring every corner of Planet Earth to hoover up ever last ounce of physical Siver and dore' they can lay their hands on ...???
Simon, thank you for that cogent, spot-on analysis.
Indeed, and so what if BTC is limited to 21 million. It means nothing.
There are so many new and "better" cryptos coming out everyday.
The number is unlimited.
Maybe MILFcoin or TittyToken will be the next bitcoin.
Yeah, sell gold for MILFs and Titties!
We've been doing that for thousands of years. IMHO one of the reasons gold is so valuable is because women will trade it for sex. No?
I think that Phil Low (thebitterdraught on rumble) says exactly that in not so many words.....
Do you know what the current hoeflation rate is? Asking for a friend!
Are you talking about 24 carat solid Gold dildo's here ..??
What is the first thing we all do in the morning?
A) Pray
B) clean teeth
C) make a coffee
D) sex
E) check the gold price
Most here including myself do E)
Right again ..!!
Jewelry. Wealth worn around the necks and arms of women. Been going on for centuries.
Yes - quite . I find the whole area of ' BTC ' and ' Crypto ' a complete minefield .
As regards ' BTC ' being limited to 21,000,000 ' Coins ' - I can't work out why this is so often put out as being evidence that it's not being magiced up into existense and being de-based on a continual basis like all Fiat currencies . I might be wrong but I think that ' BTC ' has been ' Halfed ' 2 - 3 x already and is divisible into myriad smaller units ...?? . So ( & if this is correct ) - where's the real difference if the inventors / developers hadn't put this 21,000,000 limit on it in the first place ..??
I AM HAPPY TO BE EDUCATED IF I'M WRONG & UP THE CREEK HERE
Not sure how much credibility or likely longevity we should put in the recent spike in Platinum ....?? . But the more the merrier now we've got 3 x Precious Metals on a hopefully long term upward trajectory .
Simon, I'm wondering how much currency is going to buy bitcoin and now platinum that would otherwise be buying gold and silver......
Morning R.G. - Frankly got no idea on this as the whole situation both in terms of International Geo-Politics and the ongoing viability of the entire Global Financial system is akin to ' Roadrunner ' when he's run off the edge of the ravine and has stopped dead in mid-air .....and then looks down ...etc . What ever the numbers are
they will have multiple zero's on the end and largely resemble the cost of buying a single ounce of Gold in the Weimar Republic in 1923 ...which was something like
17 - 18 x Trillion Marks per ounce - having risen from 5 - 20 x marks per ounce only 4 - 5 x years previously in 1919 ......LOOK OUT ABOVE ..!! .
As regards Bitcoin's ' Value / Price ' it is not digital Gold , has no tangible backing and is essentially largely pegged to the dollar - so it will either explode to the stratosphere ( In worthless fiat currency terms ) OR - crash & burn when everyone eventually wakes up to the fact it's some ephemera . I personally think ' BTC ' is / was a construct of the CIA / Deep State / Swamp ./ Old Money powers & is a Psyop to brainwash the masses ( including many clever & rational people ) . To this extent it's been an outrageous + highly questionable , irrational & inexplicable success .
I've never been able to get my head around it from the beginning and I get ever more confused with every month / year that passes . All I can ever equate it to is
' Tulip-Mania ' and various other non-sensical scams that history has provided .
Where ' Platinum ' is concerned - just don't know . It's not and I don't think has ever really been a monetary metal and simply wonder whether whether its resurfacing now is some form of pump & dump to keep ' Joe Public's ' attention focused away from the real deal which is Gold & Silver ...etc . There was of course the time back in Obama's time of course when it was mooted that the U.S. Treasury
was going to have minteda $ 1 x Trillion woth Platinum Coin ( or series of them )
and that this / they would allegedly be used to back all of the paper and digital garbage with ......Your guess is probably as good as mine .Mightilly confusing
Good morning from Not-Yet-Sunny-Today-Florida, Simon. I agree 100% with your theory on BTC.... Gold is the antidote to fiat and BTC is the distraction which in my mind (and apparently in yours as well) keeps a lot of otherwise intelligent people (who respect technology more than they respect history) from dumping their fiat for gold. BTC, as you've correctly indicated, is tied to the dollar, and if 1923 Weimar hits the dollar then one of the two scenarios that you've spelled out will happen. I'm of the opinion that when the Baddies decide to pull the bathtub plug on BTC and dump it for gold, a lot of people will be sadly destitute. I'm wondering how MSTR fits into this dastardly plan.....
Quite - It's a lot like the ' Covid / Corona Virus - Plandemic ' , I just can't understand just how many outwardly sane and rational people have been suckered into what looks like an outright scam and bunch of lies ..??
Thank you Alasdair.
Thank you Michael
A question for the community if I may. I am about to sell a significant Gold ETF investment, in order to buy physical gold outwith the banking system. I am advised that the ETF cash will take 3 days or so for the funds to appear in my account. Does anyone have any tips on the best time of day/week/month to sell, and likewise, the best time to buy. I would like to minimise the time I am in cash. An easy one :)
China's growing proposal of a gold standard with trade will not save Russia's deteriorating economic plight Putin is holding out hope but the timeline for such a transition is too long in the coming and between Q2 and 3 stagflation is the prediction And meanwhile the Orange Cheeto's and his Nazi regime in the US withdrawal of military aid is unconscionable
Excellent and informative discussion between yourself and Dunagun ( as always ) .
Thanks, once again, for your considered insights; a bit of a salve, as we try to navigate a shifting economic landscape. That said, I was a bit taken aback to hear you and DK conflate socialism and communism. Communism is about government ownership and runs the risk of slipping into Totalism, whereas socialism is about individual agency and less governance. Here is Marxist economist Prof. Richard Wolff, with a fairly succinct and rather lucid explanation of the subject: https://www.youtube.com/watch?v=enJtVcGZ96g&ab_channel=DemocracyAtWork
The theory is sound enough but I don't think that it's ever panned out this way as the
technocats / fascists never give the - " Power to the People " . Long live ' Wolfie Smith '
and the ' Tooting Massive ' but ( shame ) all the same old nose in the trough bad actors always remained in power and in charge of all of the switches which they used to remain in power / enrich themselves & subjugate and rob blind the proletariat . Same Old - Same Old