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Vince Lanci said:One needs to allow for the possibility that the repatriation of gold is a matter of mistrust peaking. A signpost of us being closer to the end of hostilities, not the beginning.
And also not a sign of some acknowledgment by powerful people that we were right and they were wrong. That shit just never gonna happen.
That Russia and the US will create a new fragile accord, that China will keep doing what she always does, and that they with the rest of the world will stop dedollarizing at the rate they have been and begin to actually buy treasuries again.
… as a deal is struck just like was struck in the 1970s.
That deal may involve gold and silver getting a further restoration of monetary importance as trusted intl collateral. It already has. But You can’t expect them to announce it, to shout it from the rafters.
Taken together, all of this will not be bullish for gold. It will be Bullish for the US.
One has to allow for this possibility or we’re just cheerleaders talking our books.
Look at bitcoin. All the 16-year-olds cheerleading the creation of a strategic bitcoin reserve? Well, we got what we wanted.
Did you think they’re going to sacrifice dollars to support your portfolio? Same thing applies to gold.
pmbug said:Maduro wanted Venezuela's gold. BoE told him to pound sand. UK sells off Russian owned assets in their custody because war. BoE/UK has a history of bad faith with managing custodial assets on political grounds.
Current UK leadership is carrying water for the WEF.
USA is risking European good will by withdrawing support for NGOs (UN, WHO, etc.) and possibly NATO.
Is USA safeguarding assets in UK custody because of rising risks of a souring relationship over a political divide?
They gonna strike some crypto, maybe?I think the mint is coming out with a new scam.
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