New 1/4 Goldback to keep Gold spendable in small amounts.
Speaking of Constitutional Money, new Idaho 1/4 Goldback is arriving soon to keep Gold spendable in smaller amounts. https://member.upma.org/?referral=083...
The Modern Gold-Backed Currency known as "Goldbacks" originated in Utah and now are produced in several other states. https://www.goldback.com/
The Modern Gold-Backed Currency known as "Goldbacks" originated in Utah and now are produced in several other states. https://www.goldback.com/
This interview with Michael Oliver explains this and silvers potential https://www.youtube.com/watch?v=zm-jT...
Charting analysts often point out that such gaps are almost always filled in later trading.
All of the Trump admin actions seem to be breaking up the banking industry and shaking out the paper. War in Iran just struck a hard blow to insurers of cargo ..... I think March 4 was announcement that US would back insurability through Hormuz. Killing the cabal under their own terms.
I really want to know; Who are the "brains" behind all of this?
to create money from nothing to manipulate prices.
Silver's industrial demand will be greatly reduced long before $1700/oz.
Solar use is already dropping and other consumer product circuit use will follow due to cost.
OTOH, large data centers for AI are more likely to continue silver use for performance reasons.
At >$300/oz there will be research into alternatives though.
I have no inside info on Trump's 4D chess, but lately it appears to me that the administration is
acting to fortify the $ banking system to support US hegemony and reduce China's ascent.
Since it was not during the open US market it may not appear on daily charts,
but it did fill the gap.
"The OPEC Selloff
As to last week’s paper gold fall, it rhymes a heck of a lot with its similar fall in 1983.
Then, as now, gold was falling due to a massive OPEC sell-off in the metal. But the trigger for the current OPEC sell-off in gold is being pulled for an entirely different reason than in 1983.
In 1983, for example, oil around the world was at a massive surplus. Its price was thus tanking. As a result, the OPEC nations needed immediate liquidity to meet their dollar pegs. So, what did they do?
They sold a lot of gold, and thus gold’s price fell dramatically.
But in the current chaos of yet another war in a key oil region, oil is not falling, it’s ripping north, with major banks predicting oil prices as potentially high as $180 a barrel.
Clearly, in such a setting, OPEC has no need for cash, right?
Wrong.
The Strait of Hormuz, where 1/5 of global oil moves, is literally clogged.
This means all that expensive oil can’t flow. And if it can’t flow, it can’t be sold. And if it can’t be sold, the OPEC players in that region can’t get paid. And if they can’t get paid, they need to sell assets from their piggy banks.
And that asset is gold. (Saudi’s gold piggy bank is around 300 tons. Qatar’s is over 100 tons.)
This makes our particular war uniquely hard on gold—but only for the near-term."
https://www.zerohedge.com/markets/gol...
imo, for smaller value, useful for exchange in an emergency, you might consider silver instead.
If it has to be gold, then consider smaller coins that are well known, e.g., 1/10 oz coins or half sovereigns.
In a dire emergency situation I'd want to have something other than precious metals to trade, too.
For example, rounds of ammunition are inexpensive today, but could be invaluable in an emergency.
Just my opinion.
save your life (assuming you also have access to clean H2O and firewood.)
(Clean 2 liter soft drink bottles to package rice for later use.)
Always was curious as to how much coinage was below spot - but that makes sense.
During these pumps. Realize a lot of us paid 5-10% premiums on purchases, and 10%+ on sells. So the price has to move a lot before you turn a profit.
Is it late? No. you should be buying a little every month... Because that's the LAST money I will sell. It's designed to be left to my children. And if I am spending it. It's because I've run out of options.
At ANY price in history. People who did this, and left it to their children, ENRICHED their children.
Of course, you ONLY do this if you taught them proper values, etc. If mine were libtards, I would find good causes and other people to support!
I have been doing the same, as far as purchasing and holding, with the idea of it going to the children. And I believe that they have proper values. USAF -
I do have to get back to where it is a bit every month.....