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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bull_dozer who wrote (189155)6/24/2022 8:26:54 PM
From: TobagoJack1 Recommendation

Recommended By
fred woodall

  Respond to of 218747
 
Gold is THE Proof-of-Work stable coin YTD

I hope it at least continues to be so and not sold-down below the red line on this planet full of red lines

Everything is not-fine, except food and energy, and that kind of fine is not good for us


We are DUOUGUFUGSEED (Dollar Up, Oil Up, Gas Up, Food Up, Gold Stable, Everything Else (Crypto, Nasdaq, whatever) Down)


We prefer, given a choice, GUEED.

The collective market mob might be pondering:

(i) Central banks led by the FED will not backoff against baked-in inflation that can only be countered by still-more-enhanced / ‘controlled’ demand demolition by war against money

(ii-a) Ukraine War, an extension of WWII and lead-in to WWIII, continues, and

(ii-b) … continues to be treated and pitched as a war that has a ‘more-war / win-lose’ solution but just requires sacrifices made no longer voluntary

(iii) More officialdoms of already quite divided domains stand for regime-changing elections driven largely by the narratives pitched by media looking for action and baiting for tasks

(iv) EU natural gas inventory continues to drain and only to be replaceable by way of ruble / gold

(v) Extent of food shortages becoming ‘hoard-toilet-paper’ dire-clear as opposed to just theoretical / down-the-road around-the-corner over-the-hill by dense competing fertiliser / harvest guesstimates

(vi) Winter appears to be remain on schedule

(vii) Was reminded Message 33895199 re Covid (duh) and Message 33895202 re Climate (doh)

If the market’s obvious-guessing is right, the bottom is not in.

Should the market’s unrealistic-guessing be wrong, the bottom is not in.

However, I prefer to be saved by gold that goes up, all considered, rather than a gold that does not go down (as much).


finance.yahoo.com




To: bull_dozer who wrote (189155)6/25/2022 5:26:47 PM
From: TobagoJack  Read Replies (1) | Respond to of 218747
 
Unsure how this below initiative would work, and work out, but gold weaponised, therefore made more useful

let's watch & brief

bloomberg.com

G-7 Set to Ban New Russian Gold Imports in Pledge Backed by US

Announcement planned at summit in Germany: person familiar US, European markets already mostly closed under sanctions

Jordan Fabian
26 June 2022, 03:19 GMT+8


A worker removes gold ingots from molds at a metals plant in Kasimov, Russia.

Photographer: Andrey Rudakov/Bloomberg

US President Joe Biden and fellow Group of Seven leaders will agree to announce a ban on new gold imports from Russia, a person familiar with the plan said, the latest sanction in response to the Russian invasion of Ukraine.

The leaders will reveal the joint pledge at a summit in Germany that begins on Sunday, the person said, speaking on condition of anonymity ahead of a public announcement. The ban will apply to gold leaving Russia for G-7 countries for the first time. The US Treasury Department will issue a ban on Tuesday, prohibiting US imports, the person said.

While Western sanctions to punish Russia have largely closed European and US markets to gold from the world’s second-biggest bullion miner, the G-7 pledge would mark a total severance between Russia and the world’s top two trading centers, London and New York.

“What this does is formalize what the gold industry has already done anyway,” said Adrian Ash, head of research at brokerage BullionVault.

The London Bullion Market Association, which sets standards for that market, removed Russian gold refineries from its accredited list. Shipments between Russia and London have collapsed to almost zero since the invasion of Ukraine.

Read more: Swiss Gold Refiners Say They Didn’t Import Mystery Russian Metal

London has been one of the most important destinations for Russian precious metals: the $15 billion in Russian gold that arrived there last year made up 28% of UK gold imports, according to UN Comtrade data.



An executive order signed by Biden on April 15 explicitly prohibits U.S. persons from engaging in gold-related transactions involving Russia’s central bank, the country’s National Wealth Fund or its finance ministry.

While refineries in theory could still import Russian gold directly, most of have sworn off doing so. The association for Swiss refiners, which dominate the industry, denied that its members bought gold from Russia after trade data indicated the nation’s bullion had entered the country.

Read more: Russia Seeks New Ways to Sell Its $20-Billion-a-Year Gold Output

Flows of other metals from Russia such as copper, nickel and palladium have continued as the commodities industry grapples with managing a long-held relationship with a major supplier of the world’s raw materials.

Meanwhile, Russia’s gold industry is looking for new sales options, such as exporting more to China and the Middle East, which aren’t part of the G-7.

— With assistance by Eddie Spence

(Updates with gold analyst’s comment in fourth paragraph.)



To: bull_dozer who wrote (189155)6/26/2022 10:49:29 PM
From: bull_dozer  Read Replies (1) | Respond to of 218747
 



To: bull_dozer who wrote (189155)6/28/2022 1:45:58 PM
From: bull_dozer1 Recommendation

Recommended By
SuperChief

  Read Replies (1) | Respond to of 218747
 
Midas Bound

Gold's enduring history as sound money and why it's preferable to fleeting fiat phonies...

Bill Bonner

You can protect your wealth from inflation in many ways – with land, art, housing, business investments, collectibles. But gold is the most ‘liquid.’ It is bought and sold easily. And you don’t have to become an expert on anything… or pay attention to it. It is like a pet dog who never needs to be fed or taken for a walk.

Like a good watchdog, gold protects against thieves and natural calamities. It drives off consumer price inflation and barks when it sees your house on fire. Over the last year, consumer prices have gone up about 8%, some much more than that. And – measured by the Dow – about 10% of stock values have gone up in smoke. Gold has had its good days and its bad days, but has generally kept investors from losing money.

By long tradition, now almost an instinct, people buy gold when they fear that the paper currencies may not be as stable as they had thought. And by fairly recent innovation, they buy ‘paper gold’ because it is a lot easier than buying the real stuff.

One of the key qualities of gold, however, is that it’s very hard to add to the supply. In this regard, it is the very opposite of crypto currencies. You can create quadrillions of new cryptos before tea time… at minimal cost. But every new ounce of gold takes time and money. It has to be found… mined… minted… hauled, stored and protected. It requires engineers, capital, machines, and know-how; it can’t be done by some skinny kid in his mom’s basement.

..
..
..
Sleeping Beauty

In the hundred years before the creation of the Fed, for example, prices in America went up and down… but came to rest in 1913 about where they had been in 1813. Nobody lost money by keeping his money in gold. (By contrast, the saver who put a dollar bill in his safe in 1913 now has only 3 cents worth of its former purchasing power.)

Lately, however, many commentators have complained that gold is taking a snooze. Consumer price inflation has become headline news. But gold stays in the doghouse, unconcerned, almost nonchalant in the face of the worst inflation in 41 years. Why so?

Part of the answer may be simply that gold had already anticipated today’s inflation. From December 2015 and September 2020, the gold price almost doubled – running far ahead of price increases. By this logic, the gold won’t have to go up for years.

Another part of the answer may be that the ‘gold supply’ is not as tight as we think. The supply of “paper gold” – like paper money – is boundless.

Paper gold glitters but it is not gold. Gold certificates, pool accounts, gold futures accounts and ETFs – they are ways to gain ‘exposure’ to the price of gold without the muss and fuss of owning lumps of heavy metal. No need to bite into the coins to see if they are real. No need to go to the coin dealer… no need to put the coins in a bank lockbox or bury them in the backyard.

Paper gold is much easier to deal with than real gold; so why not? Paper gold is ‘backed’ by real gold. It is linked – by contract – to solid metal, Au, atomic number 79. What could go wrong?

What could go wrong? What always goes wrong! Iron links, binding contracts, unbreakable promises – all give way, sooner or later. Were it not so the divorce courts would be empty, contract lawyers would be out of work, and politics would be as honest as prostitution.


bonnerprivateresearch.substack.com



To: bull_dozer who wrote (189155)7/1/2022 3:00:39 PM
From: bull_dozer7 Recommendations

Recommended By
Ben Smith
fred woodall
maceng2
pak73
Pogeu Mahone

and 2 more members

  Respond to of 218747
 
>> 2. "The market has come to believe in an omniscient Federal Reserve, and it's no such thing. These guys don't really know what they're doing in any deep way. It's a giant financial experiment, and we're at the mercy of their experiment that maybe is right now in the process of going wrong, so God help us."




To: bull_dozer who wrote (189155)7/1/2022 6:20:39 PM
From: TobagoJack1 Recommendation

Recommended By
SuperChief

  Read Replies (2) | Respond to of 218747
 
Seth might be trying to be polite with <<It may never come to that, but I think it's prudent to have a little bit of your portfolio in gold.">>

Amongst the asset classes Gold, Bitcoin, Nasdaq, S&P500, 20Yrs T-bills, Corporate High-yield, Corporate Investment-grade, Sr and Jr Gold Mines, should we return the clock to 2022 01 03, I recommend 100% allocation to Gold

It is AMUSING that the MSM does not note the blindingly obvious, that Gold is being Gold, that which has taken note of both still-inflation and coming-disinflation, and eventual-deflation

Ukraine outcome ought to prove pivotal one or another way

finance.yahoo.com




To: bull_dozer who wrote (189155)7/1/2022 6:35:43 PM
From: TobagoJack1 Recommendation

Recommended By
fred woodall

  Respond to of 218747
 
... and <<Seth>> is very wrong about decentralised / permissionless blockchain (if he slop all the garbage and goodness together, which I do not believe he did), as opposed to the technology about to be rolled out by central banks in the form of digital currencies

As the protocol lauded by this Bank of International Settlement fellow gets rolled out across the planet, what do we imagine economically-free money is worth?

The economically-free money comes in two flavours, bitcoins that can be sanctioned by ways of on- / off-ramps KYC permission-ing, and ... Gold

The days of large peer-rivals holding each others currency as reserve is likely done-done, and unwinding.

The nights of bitcoin as reserve currency is a nonstarter.

Gold, nothing but Gold, elemental, pure, primordial, eternal, beautiful proof-of-work Gold