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0 sats \ 8 replies \ @justin_shocknet 22 Apr \ on: Is gold becoming the reserve currency? econ
I know people with TDS are retarded, but this level of dissonance in a single tweet is pretty elite.
If he is buying gold behind the scenes, how will he prove it?
Will China and other countries trade gold to settle balances? If yes, US sanctions through SWIFT will lose any power left.
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I wouldn't assume it needs to be "bought"
He's long beaten the drum of currency manipulation, had beef with the Vatican, is a avowed Jacksonian, constant kayfabe with the fed, "Gold ends the Fed" drops... I can't possibly enumerate every signal sent about the agenda to reset the global monetary order.
What were he and Elon hinting at regarding an audit of Fort Knox? Whatever psyop that's setting up hasn't even begun in earnest yet.
Popcorn ready.
China
"Experts" tracking all the movement of physical say its primarily going two places, the US and China.
China, allegedly, changed its gold ETF rules to facilitate more imports:
US sanctions through SWIFT
Bear in mind the intention is to DESTROY that system, not prop it up. SWIFT is a product of globalist bankers, not US sovereignty.
Closing Fed swap lines and forcing currencies to free float against things like Bitcoin and Gold is the best possible outcome long-term.
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Simply means supply and demand sets exchange rates, not central banks...
The fiat doesn't have to be "backed" necessarily, the fiat exchange rate can float be volatile against those things based on economic factors while they simply act as an independent measuring stick for value.
Say you have Euros and want Dollars to do a deal internationally, your exchange rate would ultimately be the same as the conversion from Euros to Bitcoin/Gold back to Dollars. That's how you soft fork the financial system we have today into the Bitcoin Standard of tomorrow.
A country having a trade deficit would need to sell gold/Bitcoin to buy foreign currency with which to buy stuff, so by hoarding gold or Bitcoin China and the US are building foreign currency reserves for a future where there are no globalist swap lines.
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How the hell do you 'trade in gold'?
Just sending the gold securely on a plane or ship is incredibly expensive, not to mention it can take days/weeks.
It's heavy and it all has to be verified... which can take forever.
I can't see gold becoming a 'currency' in the modern era plus people 'buying gold' aren't custodying themselves, they can't travel with it, and it's virtually impossible to 'pay' for things with it.
What gives?
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At personal level, you can buy 1 ounce gold bars and sell them for cash at pawn shops. This way, it is a store of value.
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You'd be lucky to not get hit 20 percent or more between the pawns shops margin and whoevers margin + transparent you covered to acquire the gold.
You could be under water for a decade or more.
Gold is the mother asshole from which all central banks spring, for good reason.
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Small picture thinking.
You don't trade in it directly, national currencies float against it in a market based way without central bank swap lines and artificial pegs.
We're taking security zone scale, patriation that happens over decades.
This is how it used to be, Bitcoin is obviously better for the reasons you mention and an inevitable successor to gold, but we have to unwind the current system to go forward. This is what is happening now, 1 step back, 2 steps forward.
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