Why are these boomer rocks peaking???
>>524156758Change in Basel III collateral rules
>>524156758AI takes a shit ton of gold, well used to, its peaking as a rug pull
>>524156758> just waiting to hear the words "sovereign debt default"
Because boomer paper is fake and its about to be worth what is made of.
>>524156758the us government is unable to repay its debts and its only course of action is to inflate the dollar to devalue the debt in terms of buying power. >china loans us $100b in 2005>we still owe that $100b >inflate the dollar so when we do pay it back it's 1/2 to 1/4 the actual buying value. this is already in motion with the cutting of interest rates AND the enactment of quantitative easing.
>>524156758gold does not (generally) change in value, the spot price of gold increasing is simply the dollar plummeting in value, that's the very definition of inflation
>>524156758what if everyone thinks the bubble is AI but there's actually a giant precious metal bubble growing
>>524156918>the us government is unable to repay its debts and its only course of action is to inflate the dollar to devalue the debt in terms of buying power.Not it isn't the only course of action. Japan has had >200% debt-to-gdp for decades. You know how? Negative interest rates, resulting from deflation. Japan just stays in debt forever. Do you really think the US will even try to pay off the debt? Since when?
>>524157003Anon, please see >>524156848 and stop embarassing yourself. Gold went up because DEMAND for gold went up.
The world just figured out that every single ounce of the gold in the whole world trades every second on the london market alone, which proves beyond all shadow of a doubt that all the people who think they own gold because they own a Gold ETF or have it stored in a vault somewhere, are actually own nothing but a paper claim to a theoretical ounce that's also been promised to ten thousand other people, and that the price of gold should be at the very least hundreds or thousands of times higher if, [god forbid, and rightly so this will never be allowed to happen] that all paper-claims on gold must settle to an actual proven gold ounce. And since the powers that be are spooked that their Jewish shekelshaving and pick-pocketing coin-clipping rigging system is about to come down, this rocket price of Gold is going to go airbourne and rise geometrically from now on, like the debt. Unless the gold is in your hand, you own a paper claim to a theoretical ounce, and if you take that paper claim to someone and say: "Now put the gold in my hand" well i'm sorry, but you've been screwed, you've been sold an ounce of Gold that doesn't exist, and the real owner is the people who counterfeit US Currency, and they have armed guards around the vault where we keep your gold, so you can't actually have it. And so unless the Gold is in your hand, you don't actually own the gold, you own a faith claim only so long as other people don't take it out.As I said, all the ounces of gold in the entire world trade hands every second on the london market alone, all gold is paper gold, and the spot price of gold is people trading the paper claim to a gold, one promised to 10k other people, and not the metal substance itself.There is surprisingly little gold in the world, there is only enough for everyone in the world to have about 1 cubic centimeter of the stuff, if you divide it up equally. That 1 cc of Gold could in theory rise to one eight-billionth of the world's GDP.
>>524156758Silver has doubled this year.>Did Gold double?No.Silver is still headed up.
China is buying for Brics.
>>524157276Silver hitting 65 blew my mind. We're gonna hit 70 before the year ends
>>524157254demand went up as a lagging indicator for hedging, you're putting the cart before the horse
>>524157444>lagging indicator for hedgingYou don't even know what those words mean.Let's let the AI explain it to you like you're 5 years old:>As of July 1, 2025, physical gold has been reclassified under the Basel III "Endgame" reforms to qualify as a Tier 1 High-Quality Liquid Asset (HQLA), allowing banks to count it at 100% of its market value toward their core capital and liquidity reserves.WOW. Banks now have a reason to hold gold instead of just treasuries.
>>524156907The system has been taken over by pig fucking Muslims. The founding fathers said the money was supposed to have gold backing, not the Muslim scam we currently have.
If you grab a giant bowl, and run to the nearest meandering river rocks in it, preferably a mountain on both sides, and start panning for gold between the rocks with your little sucker-bottle, even a novice can produce 1 gram of gold after 10 hours of work. You can increase that yield by one or two orders of magnitude with excavators and industrial digging equipment and shakertables to autofilter the gold out, but that calculus puts a hard lid on the price of gold.1 gram of gold for 10 hours of unskilled labor. So, heavens forbid, when the price of a gram of gold rises higher than 10 hours of median labor, what will happen is everyone will become a Gold miner again, and when that happens, the price of 1 gram of gold will race back down to 10 hours of median labor, because poor people will be as I said, taking their big bowl down to the river, digging out between the rocks, and filtering out the gold, and then selling it for the price of that 10 hours of labor.And so Gold can't go much higher than that because if it does, these people will bring it back down again, because they will be there to say "yes" to that trade.https://www.youtube.com/watch?v=VWZXdGLMgZ4&t=56https://www.youtube.com/watch?v=Z-xnfRsCPDs
>>524157631Alright, let's try this at another angle. Why would banks choose to hold physical gold (that don't pay interest) over treasuries (which do)? What factors into the decision?
>>524157261>unless the Gold is in your hand, you don't actually own the goldThe same applies to US dollars fren. There isn't actually that many dollars that have been printed. Most of it is electronic, paperless. What if you found out all that paperless was worthless tomorrow? Would you be able to cope? Your debts are denominated in dollars, not gold bullion. If all the electronic dollars simply evaporated, your gold would not be worth many of them, since everyone else has the same problem. No dollars.
>>524158071>What factors into the decision?The US government doesn't "Seize your Russian assets" aka, fail to repay the money Russia loaned them. Basel III happened for a reason.
>>524157772 Muslims? Are you a Jew, a retard or borth?
>>524158343Didn’t you pig fuckers say our founders were Jewish? They wanted the gold backed system, so it can’t be the Jews.
>>5241584551.When did we say the founding fathers were muslim?2.How did Muslims make it so that the dollar is no longer backed by gold? Can you give me at least one name?3. Muslims are obsessed with gold, what the fuck are you on about you fat nigger
>>524156900We should. For ~2/3rds of it in fact. It's just owed to banks and domestic states.Only difference? We shouldn't call it a "default." We should call it we kick in the doors of bankers, break one of their arms, break one of their children's arms, then we say we break the other 3 then burn them to death if they don't decide to entirely forgive the debt and all treasuries they hold.Then when they courteously and wisely do, we'll be in full rights to pay off all foreign debts legitimately owed to other nations, and all the assorted obligations to social security and pensions ect.The money "owed" to the federal reserve and other depositories has already been spent, it's already circulated through the economy and created whatever inflation it is going to create.What that "money" we owe them is, that debt, is nothing more than an imaginary number that sits there eternally, doing nothing, that kikes use to claim that since it supposedly exists, we owe them a smaller annual number of actual money that we have tax to acquire and send to them as interest payment.Why? Because we "borrowed" from them in the past, and how did they give us the money we "borrowed?" Pressed a button and created it into existence, in exchange for getting that said sum of interest payment.We can just as easily press a trigger and say that imaginary sum doesn't exist any more, as it was for them to supposedly create the money to lend it out.And since it doesn't ever actually do anything aside just sit there supposedly "existing' if it were to be said it no longer exists... well how does that affect inflation or deflation any more than if I make a ring with my thumb and finger and say there's a quintrillion dollars inside the hole, also gottem.It doesn't.Only difference is I can't say my fake quintrillion existing means you got to send me billions every year over it, because reasons.Just make the bankers, cancel the debt.Or let it sit changed to 0.0% interest, same shit
>>524156758Because the dollar is dying.Brace for hyperinflation.
>>524156848Basel III was announced like 5 years ago, it was already priced in. bankers didn't draft it then sit on their ass waiting for the official implementation, it was announced early specifically so they could adjust positions. this current run is mostly due to BRICS+ countries fleeing the dollar and the faltering US empire.
>>524158573Peter Schiff is also a Jew who supports the gold backed system. I don’t see where the Jews are to blame. It’s either Muslims or Christians who created the scam paper system.
>>524156758Gold price at a record high>Remember kids, Buy High Sell Low!No thanks gold merchant. I know who's behind this post.
>>524157432We almost hit it 40 minutes ago.Shanghai opens in 10.
>>524159380yeah that's what people were saying about silver last 2 years too anon as well as gold
>>524159013Okay, let's let AI explain it like you're a little baby again,>The implementation of Basel III regulations is widely regarded as a significant factor contributing to rising gold prices, primarily by altering the demand dynamics for physical gold within the banking sector. Basel III reclassifies physical gold as a Tier 1, zero-risk asset—similar to cash and government bonds—while excluding unallocated paper gold from this favorable treatment.Basel III is not all of the price increase, but it's most of it.
>>524159976All I know is I went to a formally White shopping mall today and I saw one White guy in the whole place. He was also wearing an American Indian poncho. Pretty sure the West has fallen.
>>524156758Because WW3 is soon.
Fun question for you SETF fans. Now that banks are buying physical gold and silver, do you think this means it will end the Fed?Or maybe bank robbery will make a comeback now that vaults have actual physical metals sitting in them again.
>>524156758Because money printing machine go brrrrrrrand banks also create money out of nothing.
>>524157261>There is surprisingly little gold in the world, there is only enough for everyone in the world to have about 1 cubic centimeter of the stuff, if you divide it up equally.What a crock of shit. There is enough gold liberated now to have three football cube sized fields of it and that's just in bullion alone not including jewelry/not mined out.There are metals that are far rarer and not even a 10th of the cost of gold right now.As some one pointed out the US dollar is taking a dump and the markets generally hedge themselves with gold when things get unstable for centuries. This gold increase is another happpy merchant and also Jeet (India gold demand) trick.
Because fiat is looking pretty shaky right now so people are going back to ol' reliable as a safe haven. In Japan it's especially a problem as the yen is falling fast, lots of PM sellers are out of stock and you have to wait
>>524157772lmao wow JIDF got new recruits. Who controls the banks?>t. /bizThe hatred of jews is across all boards.
>>524160291No.All major us banks who were shorting have quit their positions and are now long. It has cost JPM in the range of $20 billion
>>524160399>rarer than gold But demand for shit like osmium and iridium is not as high. If people were buying blocks of Ir and Os like they do for Au you'd see their price shoot up much higher
The monopoly money we call our currency is overprinted which leads to inflation and a devaluing of the currency.Everything gets more expensive because the purchasing power of money is dropping. Gold and silver rise exponentially because they are viewed as storages of wealth and the demand is very high.
>>524156758>peakingLMAO
>>524156758The Chinese government has begun selling off US Treasury bonds and using the dollars received from selling goods to the US to purchase gold.As a manufacturing powerhouse, China has supported the US financial and fiscal stimulus policies while maintaining a yuan devaluation favorable to exports by purchasing US Treasury bonds with its export profits. But that era is coming to an end.
>>524156758the next war in the middle east is coming where the niggers can come back to columbus georgia and act like they couldn't beat the muslims because no one gave them steaks for dinner or had gay sex with the monkeys or they did beat the muslims and why the niggers deserve reparashuns of steaks for dinner and gay sex
>>524156758ME GRUG ME LIKE SHINY ROCK.
>>524157772>>524158455>>524159178
The current deflation in China and inflation in the US are interrelated.I have a vague sense that war will break out eventually.
>>524156758because jews want you to buy some of their gold
