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Russia overtakes China in gold reserves race to end US dollar dominance
Topic Started: Feb 26 2018, 11:27 AM (381 Views)
voted4reagan
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Robertr2000
Feb 27 2018, 05:10 PM
_g R_
Feb 27 2018, 05:02 PM
Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Much of this newfound gold came into the government coffers as a result of President Franklin Roosevelt’s executive order confiscating privately held gold in 1933. Following the Second World War, with the United States emerging as the lone remaining superpower, the country’s gold holdings reached as high as 20,000 tonnes!
Posted ImagePosted Image
The US has no more gold. It's been sold into the market to prop up the US dollar.


The last audit of gold was decades ago.



Conspiracy Tripe and you cant prove it it isnt...

Trump needs to focus more so on the male vote. He should have nationalized the Boy Scouts when they decided to admit girls.

Harambe4Trump AKA "FASHY"
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_g R_
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https://www.youtube.com/watch?v=RwdJy6CYsd0
The real leftists are the silenced majority, the sleeping giant.
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Robertr2000
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voted4reagan
Feb 27 2018, 06:29 PM
Robertr2000
Feb 27 2018, 05:10 PM
_g R_
Feb 27 2018, 05:02 PM
Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Much of this newfound gold came into the government coffers as a result of President Franklin Roosevelt’s executive order confiscating privately held gold in 1933. Following the Second World War, with the United States emerging as the lone remaining superpower, the country’s gold holdings reached as high as 20,000 tonnes!
Posted ImagePosted Image
The US has no more gold. It's been sold into the market to prop up the US dollar.


The last audit of gold was decades ago.



Conspiracy Tripe and you cant prove it it isnt...

Prove fort knox has 8,000 tones of gold.

You can't, but go ahead.


"if that **** wins we'll all hang from nooses"
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Robert Stout
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George Aligator
Feb 27 2018, 06:03 PM
Who was that Fox News messiah who was selling gold coins, survival seed kits, bomb-shelter plans etc. in order to protect American patriots from the hyper-inflation that was going to destroy the dollar? I can't remember his name right now but he was #1 in conservative circles here on P.com. He used to pretend to be a professor, remember? He put his alarming predictions up on a blackboard and pointed at them with a stick. It seems like just yesterday. I guess I'm getting old. Oh, wait! Now I remember, he was Glenn Beck. Say, whatever happened to him anyway? He was going to be president by now according to our righties here.
Glenn Beck gave up on being a Catholic priest and became a polygamist............. ;)
Jesus can raise the dead, but he can't fix stupid
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voted4reagan
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Robertr2000
Feb 27 2018, 08:23 PM
voted4reagan
Feb 27 2018, 06:29 PM
Robertr2000
Feb 27 2018, 05:10 PM
_g R_
Feb 27 2018, 05:02 PM
Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Much of this newfound gold came into the government coffers as a result of President Franklin Roosevelt’s executive order confiscating privately held gold in 1933. Following the Second World War, with the United States emerging as the lone remaining superpower, the country’s gold holdings reached as high as 20,000 tonnes!
Posted ImagePosted Image
The US has no more gold. It's been sold into the market to prop up the US dollar.


The last audit of gold was decades ago.



Conspiracy Tripe and you cant prove it it isnt...

Prove fort knox has 8,000 tones of gold.

You can't, but go ahead.


Prove to me it is empty as you assert...

Prove your own argument

Trump needs to focus more so on the male vote. He should have nationalized the Boy Scouts when they decided to admit girls.

Harambe4Trump AKA "FASHY"
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Robertr2000
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voted4reagan
Feb 28 2018, 02:23 PM
Robertr2000
Feb 27 2018, 08:23 PM
voted4reagan
Feb 27 2018, 06:29 PM
Robertr2000
Feb 27 2018, 05:10 PM
_g R_
Feb 27 2018, 05:02 PM
Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Much of this newfound gold came into the government coffers as a result of President Franklin Roosevelt’s executive order confiscating privately held gold in 1933. Following the Second World War, with the United States emerging as the lone remaining superpower, the country’s gold holdings reached as high as 20,000 tonnes!
Posted ImagePosted Image
The US has no more gold. It's been sold into the market to prop up the US dollar.


The last audit of gold was decades ago.



Conspiracy Tripe and you cant prove it it isnt...

Prove fort knox has 8,000 tones of gold.

You can't, but go ahead.


Prove to me it is empty as you assert...

Prove your own argument

The Last audit of Fort Knox was in the 50's. This is fact. Kick and scream all you want to. I can't prove it's empty anymore than you can prove it not.

But if you believe the US still has 8,000 tons of gold, and you are relying on this lie and base your financial investment/retirement decisions based on that lie.... You are doomed. There is no hope for you and you will be homeless and hungry.

Good luck.



"if that **** wins we'll all hang from nooses"
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PATruth
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If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
"No. No he won't. We'll stop it."
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Siberian
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PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Goood morning GULAG!!!
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PATruth
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Siberian
Feb 28 2018, 03:27 PM
PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Historically yes but the value of gold fluctuates more than the dollar.
"No. No he won't. We'll stop it."
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Robert Stout
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PATruth
Feb 28 2018, 03:29 PM
Siberian
Feb 28 2018, 03:27 PM
PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Historically yes but the value of gold fluctuates more than the dollar.
The value of gold goes down when people are starving and thugs roam the countryside stealing food, raping, and pillaging......... :shakeshead:
Jesus can raise the dead, but he can't fix stupid
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Siberian
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PATruth
Feb 28 2018, 03:29 PM
Siberian
Feb 28 2018, 03:27 PM
PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Historically yes but the value of gold fluctuates more than the dollar.
since 1911 (?) when gold stopef to be money in the US it's an economic anomaly, since 1973 (?) - eliminaton of golden standard it's a double anomaly, which led to unprecedented debt pyramid which is never to be paid off.
it is going to collapse due to simple economic laws.
then Gold will be restorrd as money.
Goood morning GULAG!!!
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PATruth
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Robert Stout
Feb 28 2018, 03:36 PM
PATruth
Feb 28 2018, 03:29 PM
Siberian
Feb 28 2018, 03:27 PM
PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Historically yes but the value of gold fluctuates more than the dollar.
The value of gold goes down when people are starving and thugs roam the countryside stealing food, raping, and pillaging......... :shakeshead:
F gold, if you can't eat it, shoot it, drive it, power something or have sex with it what value is it?
"No. No he won't. We'll stop it."
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Siberian
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and since 1970s or even earlier gold prices were heavilly manipulated, more than any other commodity, including oil.

and while Robertr cannot prove Fort Knox is empty, but he definitely may point tgat to dump gold prices you must sell gold, either real one or futures, or both.
So, if ee presume gold prices were artificially kept low - it means huge amount of gold were sold, mostly from Fort Knox....
Goood morning GULAG!!!
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Siberian
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PATruth
Feb 28 2018, 03:43 PM
Robert Stout
Feb 28 2018, 03:36 PM
PATruth
Feb 28 2018, 03:29 PM
Siberian
Feb 28 2018, 03:27 PM
PATruth
Feb 28 2018, 03:19 PM
If our currency collapses I want land, guns, ammunition, a power source and plenty of food. Gold is a pretty worthless commodity when it comes to survival.
not all people are insects. some watch farer than their nose, like - if you are successful in new situation and accumulate new wealth, even what you define as wealth - guns, food, ammunituin, you srart asking yourself how to keep this wealth from devaluation after situation normalizes.
Gold has always been, is and will be the only real money.
Historically yes but the value of gold fluctuates more than the dollar.
The value of gold goes down when people are starving and thugs roam the countryside stealing food, raping, and pillaging......... :shakeshead:
F gold, if you can't eat it, shoot it, drive it, power something or have sex with it what value is it?
can you do all mentioned with gold right now? while it is of indisputable value.
What will change?
Edited by Siberian, Feb 28 2018, 03:49 PM.
Goood morning GULAG!!!
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PATruth
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Siberian
Feb 28 2018, 03:48 PM
PATruth
Feb 28 2018, 03:43 PM
Robert Stout
Feb 28 2018, 03:36 PM
PATruth
Feb 28 2018, 03:29 PM
Siberian
Feb 28 2018, 03:27 PM

Quoting limited to 5 levels deep
Historically yes but the value of gold fluctuates more than the dollar.
The value of gold goes down when people are starving and thugs roam the countryside stealing food, raping, and pillaging......... :shakeshead:
F gold, if you can't eat it, shoot it, drive it, power something or have sex with it what value is it?
can you do all mentioned with gold right now? while it is of indisputable value.
What will change?
It's a non earning asset. It loses value with inflation, it doesn't make for good collateral and it's soft, it has little value outside of it's beauty. Personally I don't see the value. I would rather hold rare earth elements.
"No. No he won't. We'll stop it."
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Siberian
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gold is money, it is not a business asset.
you can turn your money (including gold) into a business asset, but until you don't it just stores value.
when all assets around get devalued gold will still be the only money.

gold never looses value with inflation.
it looses value with deflation, but deflation is considered by monetary authorities as disaster and is fought against, i.e. never lasts long even in present system.
the eternal beauty and inability to destroy it is more than enogh.
till men will be able to buy attention of women with gold , i.e. forever - till then gold will be the money.
Edited by Siberian, Feb 28 2018, 04:17 PM.
Goood morning GULAG!!!
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Siberian
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gold is as much eternal as human nature.
as inequality, social status, as sex.
Edited by Siberian, Feb 28 2018, 04:14 PM.
Goood morning GULAG!!!
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PATruth
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Siberian
Feb 28 2018, 04:14 PM
gold is as much eternal as human nature.
as inequality, social status, as sex.
Dirt is eternal as well, if you want to put your money into dirt that's your business. Personally I wouldn't waste my assets by investing in gold. Since 2012 it's lost almost 30% of it's value. Compare that to the stock market.
"No. No he won't. We'll stop it."
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Siberian
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PATuth, unlike you I have a very broad economic experience.
Have you ever observed live financial pyramids collapsing? Oh, you actually had a chance -

https://en.m.wikipedia.org/wiki/Bernard_Madoff

current World and especially US stock market is not a Ponzi scheme as it is, but it is a derivative of it .
When Debt pyramid collapses - stock market will even preceed it :)

The main problem with it is that everybody considers himself the very smart ass which will manage to jump out of it before it starts collapsing. Most - will not.
Edited by Siberian, Feb 28 2018, 05:09 PM.
Goood morning GULAG!!!
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PATruth
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Gold is for pessimists and the paranoid. Not to be rude but paranoia is part of the Russian culture. I'll take plant and equipment over gold any day of the week. As for my business IQ, pay attention, I will be happy to educate you.
Edited by PATruth, Feb 28 2018, 05:32 PM.
"No. No he won't. We'll stop it."
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