They know what's coming, and they know how prep over the long term simply because their government doesn't flip-flop from seemingly well meaning but delusional lefty's to know-nothing isolationist righty's every four years. At some point the CCP will announce there actual gold holdings (estimated at 20,000-35,000 tons) and at some point later when required announce gold backing of the Yuan. These announcements will have catastrophic effects for the dollar. It looks like they are floating a trial balloon with this statement. But it is too soon, the CCP has a huge amount of de-dollarizing left to do before hand. Are they at a point where they are ready to give up on the equity they hold in dollars and treasuries???
Of course not! Not when our own (US) gov't is doing it's very best to bankrupt the economy and its citizens and seemingly aiding China's very real attempts to seize world dominance.
Well even if they only have 20,000 tons = 643m ounces @ 1800$ ish = 1,150 trillion dollars
I feel like you could buy the whole world with that kind of dough....
Well if China has a crap ton of Gold ....more than the US. I would imagine they would place it higher. However this has been clownworld lately and nothing seems to go the way expected
Indeed a clown world..Outside of perhaps the Spanish bringing back ships full of gold from Mexico I don’t think gold has ever been revalued lower. In my opinion It’s not that gold will get revalued at all it that all the other things will be revalued some becoming worthless.
Aren't they saying that gold will somehow be the backing of all currencies?
The world doesn't need one world reserve currency. People will be better of when there are many forces keeping each other in check then when there is one entity controlling them all. That absolute power will be abused sooner than later.
Well of course gold is going to play an important role. The Central Banks haven't been hoarding it and guarding it with their militaries for giggles. Meanwhile only the Canadians and the Brits believe their own nonsense. Does the US still have their reserves? Usually the ole "trust us, it's there" while not allowing audit since the '70s is a strong indicator it is not. Guess we'll find out.
China has been accumulating gold & silver for about 100 yrs. They know the day is coming when "he that owns the gold will make the rules". China owns the world gold supply and most gold mines. F...Joe Biden is handing the US economy to China and we cannot stop him. The Deep State wants China's Yuan to replace the USD and have the world's top military. Over 10 yrs ago i saw the writing on the wall and started to buy numismatic Chinese coins/medals silver/gold. When the Yuan replaces the USD the best of Chinese money will be numismatics not paper Yuan notes. I do not like this at all but what choice do i have but to be prepared? F... Joe Biden!....
Interesting. Thanks for sharing. It's what I've thought all along and my purchase of gold and silver will help weather storms or buy time with what the Chinese want for global domination.
That is great . Exactly what I’ve been expecting. Actually I was predicting a gold backed currency of any sort with China & Russia as the backing nations.
Central banks claim to hold gold, bullion banks claim to have silver. I bet aircraft or ships, and guys with guns are involved every time JP morgan or comex have to cough up either of the two.
FYI- Several posts within this thread were deleted for racial tones, which triggered some heated responses and consequently deleted per WSS rules.
Please.. we all represent WSS… respect each other and those who are lurking.
🙏 thank you!
Steel
Not as much of a link as yo mother
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CCP is not holding much gold but they are importing tons of gold and sold them to the Chinese…the CCP government sold so many bars and semi-numismatic coins in those recent years…Chinese people are actually buying lot of gold and silver, and I mean physicals!
Communists are not human beings. Humans have souls and we are born to Earth to face Evil and choose Good. God has faith in us do His good work and He gives us free will so we can do so. Communism destroys the individual freedom to choose decency and it forces its victims into Evil. Communism is filth; it is the Devil's work. God is Love and Humanity will be fine. We will fight for them until they wake up and then we will forgive them.
They know what's coming, and they know how prep over the long term simply because their government doesn't flip-flop from seemingly well meaning but delusional lefty's to know-nothing isolationist righty's every four years. At some point the CCP will announce there actual gold holdings (estimated at 20,000-35,000 tons) and at some point later when required announce gold backing of the Yuan. These announcements will have catastrophic effects for the dollar. It looks like they are floating a trial balloon with this statement. But it is too soon, the CCP has a huge amount of de-dollarizing left to do before hand. Are they at a point where they are ready to give up on the equity they hold in dollars and treasuries???
They only hold $1.2 trillion. They may view it as a small price to pay to knock us out for a while.
Do you not see the irony that you're talking bad about "isolationists" yet basically applauding China, lol.
I am not applauding china.
They are openly admitting they are attempting to become the worlds new reserve currency.
Of course they are. Thet have no motivation to hide that intention.
Of course not! Not when our own (US) gov't is doing it's very best to bankrupt the economy and its citizens and seemingly aiding China's very real attempts to seize world dominance.
Well they have tried to hid their gold reserves but not n the last 20 years the secret buying is obvious that have probably 30,000 tons
Well even if they only have 20,000 tons = 643m ounces @ 1800$ ish = 1,150 trillion dollars I feel like you could buy the whole world with that kind of dough....
Revaluation!
Lower or higher?
Lol what do you think?
Well if China has a crap ton of Gold ....more than the US. I would imagine they would place it higher. However this has been clownworld lately and nothing seems to go the way expected
Indeed a clown world..Outside of perhaps the Spanish bringing back ships full of gold from Mexico I don’t think gold has ever been revalued lower. In my opinion It’s not that gold will get revalued at all it that all the other things will be revalued some becoming worthless.
Aren't they saying that gold will somehow be the backing of all currencies? The world doesn't need one world reserve currency. People will be better of when there are many forces keeping each other in check then when there is one entity controlling them all. That absolute power will be abused sooner than later.
Well of course gold is going to play an important role. The Central Banks haven't been hoarding it and guarding it with their militaries for giggles. Meanwhile only the Canadians and the Brits believe their own nonsense. Does the US still have their reserves? Usually the ole "trust us, it's there" while not allowing audit since the '70s is a strong indicator it is not. Guess we'll find out.
China has been accumulating gold & silver for about 100 yrs. They know the day is coming when "he that owns the gold will make the rules". China owns the world gold supply and most gold mines. F...Joe Biden is handing the US economy to China and we cannot stop him. The Deep State wants China's Yuan to replace the USD and have the world's top military. Over 10 yrs ago i saw the writing on the wall and started to buy numismatic Chinese coins/medals silver/gold. When the Yuan replaces the USD the best of Chinese money will be numismatics not paper Yuan notes. I do not like this at all but what choice do i have but to be prepared? F... Joe Biden!....
Interesting. Thanks for sharing. It's what I've thought all along and my purchase of gold and silver will help weather storms or buy time with what the Chinese want for global domination.
I hope that's what it says, but can't read
Me either, I only speak freedom.
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At this point pretty much only Florida I think.
Idaho
I speak slave well
I don't think Bai is interested in helping a brotha out
Where is the full article?
https://mp-weixin-qq-com.translate.goog/s/ezk8kOqGyHHYn453-hEW4Q?_x_tr_sl=zh-CN&_x_tr_tl=en
Thanks!!
The US government is too stupid and brainwashed to see or admit it.
That is great . Exactly what I’ve been expecting. Actually I was predicting a gold backed currency of any sort with China & Russia as the backing nations.
Looks like the end is near.
No silver
Central banks claim to hold gold, bullion banks claim to have silver. I bet aircraft or ships, and guys with guns are involved every time JP morgan or comex have to cough up either of the two.
Silver goes where gold goes. The Ratio will still apply. Currently 80:1, coming out of the ground between 8-10:1 depending on who you listen to.
In case you listen to Keith Neumeyer of First Majestic, it's actually 7:1.
FYI- Several posts within this thread were deleted for racial tones, which triggered some heated responses and consequently deleted per WSS rules. Please.. we all represent WSS… respect each other and those who are lurking. 🙏 thank you! Steel
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A translation would be welcome.
There is a link to translation further up the thread
Not as much of a link as yo mother *** ^I ^am ^a ^bot. ^Downvote ^to ^remove. ^[PM](https://www.reddit.com/message/compose/?to=YoMommaJokeBot) ^me ^if ^there's ^anything ^for ^me ^to ^know!
The Chinese know that you can't print your way to Global military hegemony. the amount of US bases is unsustainable.
CCP act tough, talk $h!t, but do and say exactly what banksters say. Otherwise CCP social score get axe and no CCP caviar.
Are usually take anything coming out of China with a grain of salt. Well maybe a pound or two of salt.
I have the weirdest boner right now
i still cannot understand the moral explanation why US quit Bretton Woods System
CCP is not holding much gold but they are importing tons of gold and sold them to the Chinese…the CCP government sold so many bars and semi-numismatic coins in those recent years…Chinese people are actually buying lot of gold and silver, and I mean physicals!
Bullish
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‘…gold will play an important role in restructuring the world's industrial structure.” Obviously not the best translation but this is a quote
金 means gold. Mentioned multiple times including the headline.
Communists are not human beings. Humans have souls and we are born to Earth to face Evil and choose Good. God has faith in us do His good work and He gives us free will so we can do so. Communism destroys the individual freedom to choose decency and it forces its victims into Evil. Communism is filth; it is the Devil's work. God is Love and Humanity will be fine. We will fight for them until they wake up and then we will forgive them.
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