Jesus! It only broke $5k last week, right? It is truly on a tear. I wish I had stocked up…. wonder if it’s too late.
Franklin_le_Tanklin on
This is the end of the usd as the reserve currency.
It’s pretty clear the us wants to inflate their debt to other countries away.
The spike in gold signals that countries are converting the formerly “safe reserve currency usd” to gold
What will most likely happen is the us will be like “sure we’ll pay you back” and countries will be like “great. We want to be paid back in gold, not usd.
IH8TheModsHere on
The U.S empire will fall through the collapse of the petro dollar as the global reserve currency. Which creates default on debt and bankruptcy. Within the next 2 years latest
Personally, I’m super excited for this year. Greenland is just part of the horrors in store for the serfs of the empire this year
I study history, absolutely hate American Empire and have been studying and waiting for the collapse of the empire for years. Most people i know who hate America say te same thing as me ” I thought id have to wait till I was about 80 to watch it burn ”
Well. The movement on BRICS last year was monumental. The de dollarization is happening in so many ways its beautiful.
If you don’t understand what the petro dollar is or how the reserve currency system works, then the significance of what i type next will be a bit lost on you.
China’s digital Yuan comes out this year.
PAPS , the digital African BRICs style system came online last year. Africa is still in BRICS but this system is just for intercontinental trade.
India and Russia formed de dollarization trading schemes to reinvest in each other’s economies with their surplus Rubles and Rupees.
I can’t even type all the de dollarization that happened.
The empire is burning, the emperor has no pants and the entire U.S economy is about to burst with the AI bubble popping and the U.S Owes 40 TRILLION dollars.
The U.S economy is so beyond dead that the principle of the INTEREST on the loans it owes, required the fed to BORROW another 8 TRILLION. Just to pay the INTEREST this year. Even non economic understanding people can understand that’s a death sentence.
In 2008 China is the reason the world recovered and the U.S was able to rebound like it did…
China is not coming to the U.S.A’s rescue with trillions of dollars of aid this time.
ROME is burning. You just have to understand what’s happening geopolitically and economically to see it and understand what happens next
I for one cannot wait for America to beg the world to buy its completely dead ” stable coin ” / completely devalued dollar ( you won’t be able to call it the petro dollar by 2028 as everyone will have abandoned the SWIFT system by then) and find 0 idiots left to use it.
It is also incredibly interesting to shift from beginning to analyse and study macro economics and the trade war. To beginning to research collapse history and civil resistance and civil war history.
If you put your money in precious metals last year you got 150 % returns…
No one is doing a rapid treasuries exit immediately as it fucks everyone up. Invade Greenland for example and you will see the EU just pull the rug on 10 trillion.
But If you are watching the global economics the scale of the treasury bond sales from Japan, EU and obviously China and the clear market change over metals and physical assets shows the entire world is preparing for the bubble popping event and the collapse that occurs afterwards.
jh937hfiu3hrhv9 on
Stonks are at all time highs as well. It tells me there are people with more money than creativity to invest in anything but self interest and fear.
Redd868 on
I think the market is telling us that fiscal deficits have reached the point where the government can’t handle the interest on the debt and will be forced to debase the currency to cheapen the debt.
Mr_Shizer on
sench314 on
War
Necrosaynt on
Countries are abandoning the dollar
Duranti on
Nothing. Check back in six months.
cballowe on
A relatively small amount of the global gold supply is actively traded in physical form “non-monetary” gold. Demand is up, but the supply (actually digging it out of the ground) isn’t up nearly as much. Gold production is below the pace of demand the last few years – still more than the industrial needs (jewelry, electronics, etc) but not by tons.
SuperSaiyanBlue on
Poop is about to hit the fan…
SuperSaiyanBlue on
Whomever got those Costco gold bars are sitting pretty right now.
mrbipty on
Cooked
FDorbust on
The market is simply catching back up. The longer something is relevant, the likelier it is that something stays relevant. I’m not saying gold forever heart heart kissy face, but I am saying it simply took a nap. It’s been THE currency for thousands of years, and all around the world is still used from country to country. USD is simply another temporary fiat world currency competitor, there have been MANY before it. They all died and gold came back. Now USD will die. Slow? Fast? Idk. For gold though, a 10, 20 or 50 year nap happens from time to time. Then it resurges and snacks fiat to the ground for a couple hundred years or whatever. Rinse wash repeat.
Just following statistics, it means gold is just doing its thing and waking back up.
18 Comments
That the future is dark
Jesus! It only broke $5k last week, right? It is truly on a tear. I wish I had stocked up…. wonder if it’s too late.
This is the end of the usd as the reserve currency.
It’s pretty clear the us wants to inflate their debt to other countries away.
The spike in gold signals that countries are converting the formerly “safe reserve currency usd” to gold
What will most likely happen is the us will be like “sure we’ll pay you back” and countries will be like “great. We want to be paid back in gold, not usd.
The U.S empire will fall through the collapse of the petro dollar as the global reserve currency. Which creates default on debt and bankruptcy. Within the next 2 years latest
Personally, I’m super excited for this year. Greenland is just part of the horrors in store for the serfs of the empire this year
I study history, absolutely hate American Empire and have been studying and waiting for the collapse of the empire for years. Most people i know who hate America say te same thing as me ” I thought id have to wait till I was about 80 to watch it burn ”
Well. The movement on BRICS last year was monumental. The de dollarization is happening in so many ways its beautiful.
If you don’t understand what the petro dollar is or how the reserve currency system works, then the significance of what i type next will be a bit lost on you.
China’s digital Yuan comes out this year.
PAPS , the digital African BRICs style system came online last year. Africa is still in BRICS but this system is just for intercontinental trade.
India and Russia formed de dollarization trading schemes to reinvest in each other’s economies with their surplus Rubles and Rupees.
I can’t even type all the de dollarization that happened.
The empire is burning, the emperor has no pants and the entire U.S economy is about to burst with the AI bubble popping and the U.S Owes 40 TRILLION dollars.
The U.S economy is so beyond dead that the principle of the INTEREST on the loans it owes, required the fed to BORROW another 8 TRILLION. Just to pay the INTEREST this year. Even non economic understanding people can understand that’s a death sentence.
In 2008 China is the reason the world recovered and the U.S was able to rebound like it did…
China is not coming to the U.S.A’s rescue with trillions of dollars of aid this time.
ROME is burning. You just have to understand what’s happening geopolitically and economically to see it and understand what happens next
I for one cannot wait for America to beg the world to buy its completely dead ” stable coin ” / completely devalued dollar ( you won’t be able to call it the petro dollar by 2028 as everyone will have abandoned the SWIFT system by then) and find 0 idiots left to use it.
It is also incredibly interesting to shift from beginning to analyse and study macro economics and the trade war. To beginning to research collapse history and civil resistance and civil war history.
If you put your money in precious metals last year you got 150 % returns…
No one is doing a rapid treasuries exit immediately as it fucks everyone up. Invade Greenland for example and you will see the EU just pull the rug on 10 trillion.
But If you are watching the global economics the scale of the treasury bond sales from Japan, EU and obviously China and the clear market change over metals and physical assets shows the entire world is preparing for the bubble popping event and the collapse that occurs afterwards.
Stonks are at all time highs as well. It tells me there are people with more money than creativity to invest in anything but self interest and fear.
I think the market is telling us that fiscal deficits have reached the point where the government can’t handle the interest on the debt and will be forced to debase the currency to cheapen the debt.
War
Countries are abandoning the dollar
Nothing. Check back in six months.
A relatively small amount of the global gold supply is actively traded in physical form “non-monetary” gold. Demand is up, but the supply (actually digging it out of the ground) isn’t up nearly as much. Gold production is below the pace of demand the last few years – still more than the industrial needs (jewelry, electronics, etc) but not by tons.
Poop is about to hit the fan…
Whomever got those Costco gold bars are sitting pretty right now.
Cooked
The market is simply catching back up. The longer something is relevant, the likelier it is that something stays relevant. I’m not saying gold forever heart heart kissy face, but I am saying it simply took a nap. It’s been THE currency for thousands of years, and all around the world is still used from country to country. USD is simply another temporary fiat world currency competitor, there have been MANY before it. They all died and gold came back. Now USD will die. Slow? Fast? Idk. For gold though, a 10, 20 or 50 year nap happens from time to time. Then it resurges and snacks fiat to the ground for a couple hundred years or whatever. Rinse wash repeat.
Just following statistics, it means gold is just doing its thing and waking back up.
War is coming
War is coming.
Fear..