Friday, April 12, 2024 9:20:33 AM
The Fellow in the interview I posted yesterday was making the claim that China has let the U.S. know they want a higher gold price or else they accelerate their current dedollarization rate. We know China has a hellava lot more physical gold than anyone expects them to have and now it would seem they're flexing their muscle to force a higher gold price, hence they ARE in a way dictating the price of gold now. That's a problem for ALL fiat currencies, not just the dollar.
IMO a big problem the U.S. may face is how much physical gold do they really hold? IMO there may be some real questions about those numbers, especially since they haven't had an inventory of it since the 1950"s.
The Banksters have to be concerned about how high the gold price will move in the next few years, because the higher the gold price goes the more competition the dollar and fiat currencies worldwide have against REAL money, which are gold and silver. They don't want to see the price move too high, too fast. It throws up big red flags to everyone.
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