Eric Yeung is a Chinese economist and his theory is this:1. Shanghai gold exchange has been draining global gold supplies2. Shanghai gold exchange will send golds to vaults in Hong Kong where gold becomes collateral for interbank lending rather than treasuries. 3. This process “monetizes” gold in China and among bricks trading partners. This will cause gold to moon.The second moon phase is if the west monetizes gold and flees fiat but there is less evidence of that than China anchoring its own monetary system with gold. https://m.youtube.com/watch?v=3YhPnkiwOTY&pp=ygUMS2luZ2tvbmc5ODg4
>where gold becomes collateral for interbank lending rather than treasurieslmao, ahahahahahahahaha!
>>517399041
>>517399192You get that china hates America, right?
>>517399372
>>517399450Deepseek and chatgpt both predict gold going to the moon if BRICS creates a gold black trading black and into another galaxy if there is global remonetization. It puts global remonetization at 3500 Canadian dollars per gram and 1500 if only China and brics monetize gold.
>>517399041Who cares about your shiny jew metal? Energy is the real currency.
Not happening. All america would do is is make gold illegal for private citizens to hold.https://en.wikipedia.org/wiki/Executive_Order_6102>Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt forbidding "the hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Relief Act in March 1933.Which lasted until 1975
>>517400136I’m not talking about America. I’m talking about Chinese remonetization of gold by putting SGE gold into vaults in Hong Kong where it becomes collateral for interbank lending. This “monetizes” it. A gold back BRICS trading block will make gold moon and nobody cares that you read some 100 year old newspaper article about Henry ford.
>>517400136You're right, but gold is a store of energy value. It took huge amounts of human and mechanical energy to mine, refine, deliver, store and protect. Thus gold is worth the value of all energy put into the process.
>>517400337The world is not just America. You are only one country. My point is that a gold backed brics trading block will make gold moon and all gold holders globally
i trust andrew yang
>>517400435
>>517399041Eric Yeung didn't account for one thing:The petrodollar is God.
>>517400520Not how that's gonna work out. The people will still use goy tokens and speculatory alt shekels. But in a more micromanaged manner. A nice comfy beast system
>>517400554That doesn't matter, american citizens have been the richest humans on the planet for the past 50~ years and have been amasing person wealth with the rest of the world lived like peasants. 70-150 million people with 30-100 grams of random gold jewelry will outweigh their peices of gold they bought from canada and russia. Not even counting what the bank of london has, or what the vatican has, or what the US has.
>>517400846If that was true America wouldn’t be so shrill and paranoid about their system. If china creates a gold backed brics trading block that is a GIANT economic block outside of the western financial system.
>>517400968I cant make sense of what you are saying. You’re saying lots of Americans have gold?
>>517400846The petrodollar is already unraveling due to the US' disastrous adversarial foreign policy. The US no longer controls the oceans and has lost almost all soft power in Eurasia.
>>517399041buy gold/silver now, unironically. USD is crashing with no survivors.
>>517400968There is no 'wealth' in dollars because dollars are not worth anything at all.
>>517401149Petrodollar lasts until the gulf countries defect and so far they have bowed to America. I think Venezuela will get knee capped for disobeying the system as an example to Saudi of what can happen.
>>517399604>glorified google search said it so it must be true!!
>>517401563You dont think the richest country monetizing gold is going to make gold go to the moon?
>>517400136yea im gonna pay with electricity lmao boomer rocks ftw
>>517401144I'm saying China has bought large amounts of gold for the plan you brought up. It's mabye singularly comparable to 4 things:Bank of London, The Vatican, USA Treasury, USA population.If China tried its plan, the USA would take the citizens gold. And with cooperation from london/vatican crush china and split the gold.Whats more likely is a toppling of the USA dominance of a reserve currency and becoming a multifacited system: Dollars, Yuan, Yen, Rubles, Rupies, Bitcoin
>>517401735they bought gold for production purposes
>>517401735Anon, the Vatican is a catholic temple and China is a technological-banking-manufacturing superpower of 1.5 billion Chinese people. .
>>517401653You'll pay with digital tokens, retard
>>517401735America also doesnt have the military ability to crush china. They could barely crush Afghanistan and china is far richer than America and has a far larger physical military.
>>517401953Key. Are Estonians paying in energy tokens now?
>>517401953>this fiat will work!Lollmaorofl
>>517400520sounds almost like bitcoin
>>517399041>This will cause gold to moon.What?>The second moon phase is if the west monetizes gold and flees fiat but there is less evidence of that than China anchoring its own monetary system with gold.Huh?Speak English you fucking ching chong and go back to Chine where you belong.
>>517402120Sure, except bitcoin can be instantly erased or lost and that energy was completely wasted. Gold is elemental and practically impossible to destroy.
>>517401926Anon. The Vatican is a government of a similar size, with a larger gold hoard, with positions of influence in more countries, with a similar amount of peasants under their toll that feed into their coffers. And they don't actually have to spend money on doing anything for them or maintaining their infrastructure or protecting them militarily.
>>5174021241: there is strong evidence China is moving gold from SGE to Hong Kong so it can be “warrantized” and used as collateral for interbank lending rather than US Treasury bonds. This scenario means gold is money in China and gold moons. If this scenario unfolds globally (which there is no indication of happening) gold will go absolutely stratospheric. And, I speak English natively you Muslim rat. Go back to getting raped by Arabs. I hope they burn your car.
>>517402269The Vatican has zero influence in Canada and are slandered relentlessly by our government. Why does a Protestant country like America care about the Vatican?
>>517402291You dont have enough of a grasp of english to be poetic about it, chang.
>>517402046estonia even more cucked than you cancucks, all our history is slavery and betaism
>>517401989oh your just some chink shill, China has been repeatedly crushed by Japan. Don't make us sic them on you.
>>517402378English is the language of Canada you retarded spic.
>>517402046Yes. Most of "euros" are numbers of screens. Big cash deals are becoming regulated and all the good commie shit
>>517402430I’m neither Chinese nor American and have no dog in this fight. I just know that you retards can’t even make enough weapons to fight in Ukraine you needed to bring them from Israel to Ukraine LMAO.
nobody is giving up on the flexibility of fiat monetary policy to go back to medieval goldbug bullshit, much less a planned economy like China, shut the fuck up
>>517402489And youre not an anglo or french lol.
>>517402351>Why would someone with a large chip to play, that could gain them more chips. Play those chips in a game which decides if the countries who are babysitting their followers end up on top or not?Hmm, idk. You're missing the forest for the trees.
>>517399604>CAD per gramCould you possibly come up with more meaningless units? This is like unicorns per fairy. Give me USD per oz you worthless canuck
>>517399041>tldrGold is about to moonWowNewsflash Fucking retard
>>517402396You didn't find a way to praise pajeets in your post this time, sukhdeep? If you're having a bad time, you are welcome to leave
>>517402682You are obviously some brainwashed dog of the communist party that thinks your going to win. Most of the real people know the USA Russian and Chinese governments will destroy the world fighting over who gets to hold the biggest stick while the rest of us are just trying to live life and be left alone.
>>517402291So what? Why is this important?
>>517402592The post was about using gold as collateral for interbank lending you ignorant spic. >>517402631Scottish but over assimilated to Anglo culture honestly. >>517402682You have schizophrenia. The Vatican is a church in Italy and both Canada and America have almost no Catholics. >>517402741But it really is about to moon. China creating a brics gold backed trading block will be VERY bullish for gold.
Fiat is never going away. Regardless America still has the largest gold reserves by far. The only thing propping up gold price right now is jeet jewelry and increased demand in the Chinese and a Russian black markets.
>>517402944Gold becoming the foundation of China + brics plus making the price of gold go to the moon.
>>517400337It's already almost illegal in Russia to have private gold and sell him
>>517403008The biggest buyers are central banks. Why would black markets buy gold? Gold is a legal commodity…And we’re talking about collateral for interbank lending. You don’t use fiat currencies for collateral for loans since if you have fiat you dont need loans…Do you put up 50,000 cash collateral for a 50,000 dollar loan?
>>517399041my JNUG has been doing pretty well
>>517403107Proof?
>>517403053>Gold becoming the foundation of ChinaThey should trade it for opium again. Oh wait, chinx send all sorts of synthetic drugs to everyone else now
>>517403241Everyone that dies from fentanyl only makes us Chinese stronger.
China borrows more % of their GDP every year than even the US. They add over a trillion $ of debt every year. How exactly will that work if they go to a good standard?
>>517402956The Vatican is an independant City-Country with the largest collection of priceless artefacts jewelry, that collects a 10% tithe from every paycheck from 1.4billion people. has 400,000 priests, 20,000 churches in the USA, 4,000 in canada.
>>517403501And you think the Vatican is preparing for war?
>>517399041I try to catch this guy's interviews. Eric goes by kingkong9888 on twitter.https://x.com/kingkong9888He has an interesting perspective, and I think he's right on a lot of points. China is scrambling to secure precious metal right now which is driving up the price. I think his theory might be right.
>>517402956>But it really is about to moonMy point is that every non-retard already knows that
>>517403358You work for the bolshevik jews(communist international), retard.
>>517403705And i think he disguises his voice because he’s in the banking sector in china and they don’t really want people in China spelling out for outsiders what the rational and timeline is for the Chinese gold BRICS trading block. I asked Deepseek why he would disguise his voice when sharing this viewpoint and the answer was BECAUSE ITS TRUE AND THE CHINESE GOVERNMENT DOESN’T WANT IT EXPLAINED SO CLEARLY
>>517403637No I'm saying when the powerful people at the table ask the vatican to gamble its gold it will. The premise of this thread was a gold currency run attempt by china.I'm not going to even entertain any notion/conversation of china winning any kind of ground war.
>>517403763How much gold do you own?
>>517403889If your elites thought they could fight china militarily they would but America has no edge. If china cut off textile exports to America or even fentanyl precursors your drug addicts and niggers would be rioting in one day.
>>517404041The elites dont care about china because it was founded by the same banker jews on charge here
>>517403858I am not actually Chinese and china isn’t Jew controlled because if it was Chinese would be bowing to trannies and niggers
>>517404217Your elites have been trying to overthrow them for decades and are actually very shrill about china right now.
>>517404217They do care about China because it is their model for how they want the other countries to be controlled. All the social credit compliance systems get tested their first.
>>517403910More than I should, less than I wanted to
>>517404405Show a picture.
>>517404401Neo cons think if theres not some big baddie to scare everyone like in the colf war thing will collapse. Its a jousting tilt, its play fighting. Though china is pissing off some elites with their india bullying but thats more common place
>>517404535No way. I would be kidnapped and extorted by ultraviolent off duty cops
>>517399041I just can’t take anyone seriously who thinks that the Chinese are legitimately capable of using a gold standard. Everything is fake in China. Especially the gold.
>>517399041Its not going to happen because nobody trusts China. They will fill their gold with cement and everyone knows it thats why it will never be worth shit. Nothing those dog eating faggots create is worth a shit and it never will be.
>>517402291A chinaman is just trying to sell you gold and a false dream.
>>517404718I think you missed OP's main point.His point is that gold is about to moon
>>517402897fuck you eurocommunist piece of shit, go save the climate, go vaxinate your self go suppoirt ukraine you pathetic cuck,
>>517404915Except it's not happening, you missed Aussie bros point.
>>517404894But Canada doesn’t buy gold from china.
>>517402264Is it tho. Gold storage can be bombed to hell, while bitcoin lives as long as some nodes are still there. Id say its easier to kill gold than bitcoin as of today
>>517404915Yeah sure it is. And then we will all live happily ever after in China governed by the constitution which will be ratified by the resurrected George Washington…the angle you’re being sold is that China is the New Great Experiment and you can get in on the action right now if you just put all your bags into gold!
>>517399041I will hold any currency if its backed by gold.
>>517403107Wtf are you talking about?
>>517399041>moon this moon thatIs this some new bricshit talking point?Like jutins west in decline maymay before the 3dsmo?
>>517404992>Is it tho. Gold storage can be bombed to hell, while bitcoin lives as long as some nodes are still there. Id say its easier to kill gold than bitcoin as of todaySeveral nukes or solar flare and your crapto will be dead as doornail
China Ascension is a meme. They're in the same boat as the rest of the world of with rampant debt.
>>517399041If you think the PRC will give its people anything besides digital CBDC yuan with expiration dates you're an idiot.
>>517399041>China will monetize gold within 5 years and basically you are fucking stupidsure, but they can't feed themselves so they're gonna have to pay through their noses for clean food and water
>>517405026No, retard. Gold is about to moon, and any non-retard man on this Earth knows this. You should buy some. A little bit. Or just don't and go fuck yourself
>>517399192Instead on bitcoin, boomer rock are useful.
>>517402351America is becoming Catholic. Not just spicy but the collapse of hardline Protestant denominations
>>517399041I should have bought physical gold 20 years ago. Now I would be a millionaire.
Remember, China attacks anyone. India Attacks China, USA Attacks China, NK<>SK fight, Japan attacks China, Russia invades former USSR, middle east explodes.Pretty much, whoever makes the biggest move first, loses.
>>517404975just look at the chart.
>>517406020I'm not arguing that gold isn't doing well. People are talking WW3 so that's not a surprise at all. I'm arguing that China is not going to the gold standard anytime soon because they also have a magic money printer, which they use like the west does.
>>517404250>Jew controlledYes, socialism/communism is 100% jewish. The communist internationals goal is a world of socialists states controlled from (((one central))) government>>517404965>go, go goNo, u go, poopjet.
>>517404992gold is a pure bearer asset, it has no history. your counterparties can be pressured to stop accepting your Bitcoin. your best bet is Zcash.
>>517406207China is not a good custodian for gold but everyone is buying gold now because nobody wants to have their central bank reserves frozen (and profits given to your opposition)
>>517402956>both Canada and America have almost no Catholics.wut?half the US supreme court is catholics
>>517406368Okay. This thread is about China using gold backed currency.
>>517400520You can't burn the gold to get the energy back out though. Oil is a store of real value because once you have it, you can use it to do more things later.Although ultimately that's unearned too. Mankind didn't make the oil, we just found it in the ground and we cheat reality by getting more energy out than we put into getting.
>>517406248after reading your post I retract my statement. Crypto shills are truly, utterly retarded.
>>517405368They can feed themselves just fine on a pure calorie rationing basis, they import luxury foods.
>>517399041chinese gold can't be trusted though.chinks are more jewish than jews.
>>517409867really? I remember hearing they import like 60%
>>517409867the issue is that a lot of soil is unsuitable for growing crops for human consumption. there was a serious push to introduce more potatoes into chinese diets because they grow better in bad soil conditions.
>>517411373https://www.youtube.com/watch?v=9KAhzxl_QnI
>>517399291>>517399372>>517399450>>517399604>>517400733people who use algorithms to tell themselves how to think have the mind and spirit of a jeet
>>517410968Those imports are for things like bulk feed, specific high demand crops, etc. China grows enough carbs to ration against famine.
>>517413798amusingly enough, china was the biggest importer of grain from ukraine. it's one of the reasons china was hesitant backing russia in the early stages of the war after grain shipments were getting blockaded or destroyed
>>517399041>within 5 yearsThere will be a war before that.
>>517399192This, they just print money you fucking moron OP
