ECON Gold Up over $30.00 Silver over $30.00 /reopened per Dennis

Slydersan

Veteran Member
I've never heard of such a machine and I have spoken with several bank employees over the years about silver coins. Additionally, my father - who passed many years ago - was the president of a small, local bank with a few branches. He was keenly aware of silver coinage and accumulated a substantial amount of it, though he was not nearly as enthusiastic about it as I became.

The banks basically don't care about silver coins. It's not part of their business models and the amounts are so trifling as to not be worth their attention. Additionally, all banks consider coins of any sort to be a PITA...a necessary cost of doing business. Some banks will let their tellers keep any silver coins they find, as long as they replace them with modern coins of the same denomination.

It strikes me that banks have been limiting the amount of coins they keep on hand for several years, now. Few banks will give non-customers coins for cash and even my own banks no longer keep the amount on hand that they used to. I used to be able to go to my bank and ask to buy a roll or two of half dollars and they would happily oblige. In recent years, they usually claim that they don't have any rolls available.

The US Mint hasn't made silver circulating coins for roughly sixty years. Virtually all of them were long ago picked out of circulation. On the (very) rare occasions that I find a silver coin in change, I assume that kids found someone's silver stash and used the coins to buy candy.

Best
Doc

My mom used to be a teller back in the 80s in a small town bank. As long as their drawer had the correct amount of money in it, they were good. My mom (through my dad) was very aware of silver coins and "bought" every one she came across along with things like silver certificates, $2 bills, etc. She even got an entire bank bag of 1955 "wheat" pennies. (sorry collectors, no true double-die pennies - but lots of errors and so called poor-man's double die though).

I have been told that those automatic coin counter machines in banks, walmarts, grocery stores, etc have a place where it kicks out non-modern coinage and junk like paper clips. So they will spit out Canadian coins and yes even silver U.S. coins. And most people never think or care to look there. So you can sometimes find a silver coin or two there.
 

WOS

Veteran Member
I believe it was last weel someone mentioned a new battery design that is expected to increase demand for silver. Here is a bit more info on the battery design and usage:

Samsung Develops New Solid-State Battery Using Silver, Will Nearly Double Energy Storage Density and Cause Global Surge in Silver Demand​

BY KEVIN HUGHES, NATURAL NEWS
AUGUST 25, 2024

(Natural News)—Samsung has developed a new solid-state (SS) battery using silver as a major component. A solid-state battery is an electrical battery that uses a solid electrolyte for ionic conductions between the electrodes, instead of the liquid or gel polymer electrolytes.

This means the demand for silver is likely to increase soon.

“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety. Samsung’s new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement,” said retired investment professional Kevin Bambrough. (Related: Solid state battery breakthrough could be a total game-changer for electric vehicles.)

Silver has exceptional electrical conductivity and stability​

Silver’s exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and nine-minute charge.

Bambrough mentioned that while official figures are presently unavailable, the estimates show that there could be as much as five grams of silver per cell in Samsung’s solid-state batteries which means “a typical EV battery pack containing around 200 cells for a 100kWh capacity could require about one kilogram of silver per vehicle.”

“With global car production standing at about 80 million vehicles per year, if 20 percent of these vehicles (16 million EVs) were to adopt Samsung’s solid-state batteries, the annual demand for silver would be around 16,000 metric tons,” Bambrough noted.

“This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market.”

This presents a bullish trajectory for silver. Bambrough noted that silver is already in a deficit with industrial demand from the solar industry driving total yearly consumption ahead of supply.

“For me, it’s just another reason to expect silver markets to tighten up [further] and the price of silver to take a run at its all-time inflation-adjusted high [of] $200/oz will likely be seen in the [coming] 10-15 years,” Bambrough said.
“All we need to do is look back at the silver chart of the 1970s to see how explosive the precious metal can move skyward when a true shortage develops and speculators decide to hoard,” he said. “My bet is … we will hoard.”
Ride Apart’s Enrico Punsalang reported that Samsung is already working with large automakers to include its SS battery

The company has signed an agreement with Toyota to start mass production of SS batteries in 2027, with Lexus vehicles expected to be among the first to incorporate the latest technology.

Punsalang said the real challenge would be how quickly ultrafast charging infrastructure can be made available to the public. He also noted the cost issue, saying “the cost to manufacture solid-state EV batteries is around three or four times higher than lithium-ion and LFP [lithium iron phosphate] batteries found in current EVs.”
 

Hfcomms

EN66iq
This means the demand for silver is likely to increase soon.

With declining mining output. Some of the more smarter companies like Tessla should negotiate with the silver miners directly and buying their product before it hits the Comex or LBMA. No law says that companies have to go through an intermediary.
 

Doc1

Has No Life - Lives on TB
Actually it means that your fiat currency is worth even less. The fact that the price in fiat dollars is rising faster than you can earn them in order to buy gold to preserve value says nothing good. It matter snot if it achieves a price of $30K and ounce; if you can't afford the ounce at current prices you surely will not at the inflated price.

RR

I have no problem believing that we'll see $3000 Au by Christmas, but understand that it is not a prediction. Between the coming "selection," wars on seemingly every front and financial instability around the globe, anything is possible and most of those "any things" would be good for the price of Gold.

Further, a Harris presidency - God forbid - would push the price of the yellow metal even higher due to her absolute financial incompetency. Even though much of my personal retirement is in Gold, I would gladly forgo any Harris-related gains to see her never set foot in the Oval Office! There are plenty of other financial stressors to ensure Gold's steady rise besides Miz Harris.

Gold investors are necessarily pessimists and contrarians. Some people see the glass as half full and others see it as half empty: We Gold investors expect to see the glass at the bottom of the Mariana Trench!

Reasonable Rascal said, "It matters not if it achieves a price of $30K an ounce; if you can't afford the ounce at current prices you surely will not at the inflated price."

That is very true and it illustrates a point that many metal investors overlook: The more expensive an item is, the smaller the pool of potential buyers. Imagine that you purchased a nice engagement ring for your beloved which cost $2500.00. Suddenly, amidst broken hearts, recriminations and thrown wine glasses, the engagement is off! What do you do?

You know that selling it back to the jeweler you bought it from would involve a huge financial hit, so you try to sell it online and through other classified ads. That will prove difficult, because the pool of buyers who can afford $2500 is relatively small and the pool of buyers looking for that exact type of ring is even smaller. Eventually - if you're lucky - you manage to get $2000 for it and write off the $500 hit as a learning experience.

Now imagine that you have somehow, legally, acquired the Hope Diamond. It's valued at around $300 Million! Now your pool of potential buys is minuscule and you're not going to be able to sell it on Craigslist or Facebook.

In inflations and hyperinflations, wages and salaries never keep up with increasing prices. As RR said, if you can't afford $2500 Gold, how are you going to afford $50,000 Gold? Additionally, when you go to sell your $50,000 Gold, you will find a much smaller pool of potential buyers. There are - and will be - buyers out there, but they just won't be as common.

Best
Doc
 

Southside

Has No Life - Lives on TB
I have no problem believing that we'll see $3000 Au by Christmas, but understand that it is not a prediction. Between the coming "selection," wars on seemingly every front and financial instability around the globe, anything is possible and most of those "any things" would be good for the price of Gold.

Further, a Harris presidency - God forbid - would push the price of the yellow metal even higher due to her absolute financial incompetency. Even though much of my personal retirement is in Gold, I would gladly forgo any Harris-related gains to see her never set foot in the Oval Office! There are plenty of other financial stressors to ensure Gold's steady rise besides Miz Harris.

Gold investors are necessarily pessimists and contrarians. Some people see the glass as half full and others see it as half empty: We Gold investors expect to see the glass at the bottom of the Mariana Trench!

Reasonable Rascal said, "It matters not if it achieves a price of $30K an ounce; if you can't afford the ounce at current prices you surely will not at the inflated price."

That is very true and it illustrates a point that many metal investors overlook: The more expensive an item is, the smaller the pool of potential buyers. Imagine that you purchased a nice engagement ring for your beloved which cost $2500.00. Suddenly, amidst broken hearts, recriminations and thrown wine glasses, the engagement is off! What do you do?

You know that selling it back to the jeweler you bought it from would involve a huge financial hit, so you try to sell it online and through other classified ads. That will prove difficult, because the pool of buyers who can afford $2500 is relatively small and the pool of buyers looking for that exact type of ring is even smaller. Eventually - if you're lucky - you manage to get $2000 for it and write off the $500 hit as a learning experience.

Now imagine that you have somehow, legally, acquired the Hope Diamond. It's valued at around $300 Million! Now your pool of potential buys is minuscule and you're not going to be able to sell it on Craigslist or Facebook.

In inflations and hyperinflations, wages and salaries never keep up with increasing prices. As RR said, if you can't afford $2500 Gold, how are you going to afford $50,000 Gold? Additionally, when you go to sell your $50,000 Gold, you will find a much smaller pool of potential buyers. There are - and will be - buyers out there, but they just won't be as common.

Best
Doc
All the more reason to have a relationship with your local Coin Shop(LCS).

Here is the one I go to.

View: https://www.youtube.com/watch?v=qrpfrHxZQms


I buy at competitive prices, and sell when I need $$$. She always is there for me.
 

Hfcomms

EN66iq
In inflations and hyperinflations, wages and salaries never keep up with increasing prices. As RR said, if you can't afford $2500 Gold, how are you going to afford $50,000 Gold? Additionally, when you go to sell your $50,000 Gold, you will find a much smaller pool of potential buyers. There are - and will be - buyers out there, but they just won't be as common.

Best
Doc

And I know you know this but for the sake of others that is where diversification takes place. With the silver it is best to be in junk as a core asset with heavy on the dimes and quarters. If silver gets ridiculous in terms of fiat it should still buy basic goods because as the prices in fiat goes up so does the value of the silver so it should balance.

In terms of gold I see that primarily for big ticket items such as real estate or other income producing assets on the other side of whatever type of reset that they have in store for us. if gold goes up to $50K and real estate prices fall hard it might be possible to pick up a nice house for an ounce of gold.

When the bubble in Japan popped in the early 90's commercial real estate in Tokyo fell 90%. From what I've read housing didn't fall that much but still fell about 70%. Opportunities might abound if you have something to work with that retains it's value.
 

hiwall

Has No Life - Lives on TB
The Dollar index has dropped about 5% in the last 2 months. If the Fed cuts rates it will drop even more.
The Dollar will be worth less so PM's should rise. Unfortunately inflation will likely start really going up.
 

Great Northwet

Veteran Member
I believe it was last weel someone mentioned a new battery design that is expected to increase demand for silver. Here is a bit more info on the battery design and usage:

Samsung Develops New Solid-State Battery Using Silver, Will Nearly Double Energy Storage Density and Cause Global Surge in Silver Demand​

BY KEVIN HUGHES, NATURAL NEWS
AUGUST 25, 2024

(Natural News)—Samsung has developed a new solid-state (SS) battery using silver as a major component. A solid-state battery is an electrical battery that uses a solid electrolyte for ionic conductions between the electrodes, instead of the liquid or gel polymer electrolytes.

This means the demand for silver is likely to increase soon.

“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety. Samsung’s new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement,” said retired investment professional Kevin Bambrough. (Related: Solid state battery breakthrough could be a total game-changer for electric vehicles.)

Silver has exceptional electrical conductivity and stability​

Silver’s exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and nine-minute charge.

Bambrough mentioned that while official figures are presently unavailable, the estimates show that there could be as much as five grams of silver per cell in Samsung’s solid-state batteries which means “a typical EV battery pack containing around 200 cells for a 100kWh capacity could require about one kilogram of silver per vehicle.”

“With global car production standing at about 80 million vehicles per year, if 20 percent of these vehicles (16 million EVs) were to adopt Samsung’s solid-state batteries, the annual demand for silver would be around 16,000 metric tons,” Bambrough noted.

“This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market.”

This presents a bullish trajectory for silver. Bambrough noted that silver is already in a deficit with industrial demand from the solar industry driving total yearly consumption ahead of supply.

“For me, it’s just another reason to expect silver markets to tighten up [further] and the price of silver to take a run at its all-time inflation-adjusted high [of] $200/oz will likely be seen in the [coming] 10-15 years,” Bambrough said.
“All we need to do is look back at the silver chart of the 1970s to see how explosive the precious metal can move skyward when a true shortage develops and speculators decide to hoard,” he said. “My bet is … we will hoard.”
Ride Apart’s Enrico Punsalang reported that Samsung is already working with large automakers to include its SS battery

The company has signed an agreement with Toyota to start mass production of SS batteries in 2027, with Lexus vehicles expected to be among the first to incorporate the latest technology.

Punsalang said the real challenge would be how quickly ultrafast charging infrastructure can be made available to the public. He also noted the cost issue, saying “the cost to manufacture solid-state EV batteries is around three or four times higher than lithium-ion and LFP [lithium iron phosphate] batteries found in current EVs.”
Thanks for putting up that article MOS. If this new battery goes into full production it could be somewhat of a game changer for Silver. I'm going to try to follow this one and see if analysts at somewhere like GS or JPM would have comments about it.
 

WOS

Veteran Member
Thanks for putting up that article MOS. If this new battery goes into full production it could be somewhat of a game changer for Silver. I'm going to try to follow this one and see if analysts at somewhere like GS or JPM would have comments about it.
You are welcome for the article. Do note the last couple of paragraphs however, it does look like it may be several years before this tech really gets in widespread usage.... A lot of changes will need to made in the EV area to really make use of the new battery design.
 

Great Northwet

Veteran Member
You are welcome for the article. Do note the last couple of paragraphs however, it does look like it may be several years before this tech really gets in widespread usage.... A lot of changes will need to made in the EV area to really make use of the new battery design.
Thank you kindly, and apologies for misspelling your handle
 
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CaryC

Has No Life - Lives on TB
The Dollar index has dropped about 5% in the last 2 months. If the Fed cuts rates it will drop even more.
The Dollar will be worth less so PM's should rise. Unfortunately inflation will likely start really going up.
de-dollarization also may effect the dollar, inflation, and PM's. Financial guru's can weight in:

 

Hfcomms

EN66iq
But un-like most insurances, if you don't use it, you don't lose it.

And in the present and foreseeable environment return of principal is more important than return on principal. Gold, which sits in the safe and does nothing has outperformed the overall market since 2000...and with no counter party risk. It isn't sexy like bitcoin and the meme stocks but certainly a whole lot safer.

This quick chart is only over the last 5 years but the trend is seen and gold has gone up a lot since this chart was done back in April. The markets are in an epic bubble not only in the U.S. but around the world and by all measures gold and especially silver is undervalued when every other commodity except the metals has shared in the bubble.

Gold-vs-SP500_Web.jpg
 

Kathy in FL

Administrator
_______________
And in the present and foreseeable environment return of principal is more important than return on principal. Gold, which sits in the safe and does nothing has outperformed the overall market since 2000...and with no counter party risk. It isn't sexy like bitcoin and the meme stocks but certainly a whole lot safer.

This quick chart is only over the last 5 years but the trend is seen and gold has gone up a lot since this chart was done back in April. The markets are in an epic bubble not only in the U.S. but around the world and by all measures gold and especially silver is undervalued when every other commodity except the metals has shared in the bubble.

Gold-vs-SP500_Web.jpg

Uh ... depends on how you look at it. Real estate - in terms of working dollars - has done a lot better. You get a monthly income that you can plow into something else and/or spend. You build equity which you can take out and put to work. Or you can flip and then reinvest. Like anything else there is risk. You can convert all your fiat to metal and still wind up with nothing except a way to transfer wealth to the next generation, but that nets you nothing personally.

It is a matter of managing and purpose. Metals have their place in your assets. They don't work until you spend them and then they are gone.

Working real estate (in our case rental units) has multiple levels of income and value:
There is the physical investment that doesn't go away regardless of what the market says it is valued at,
the increase in value (equity), and
the monthly income production, and ...
you can take the net of the income and then invest that in something else including other properties, metal, prep items, or anything else for that matter that will then accrue interest/income

Now the counter to that which is why some people shy away from real estate are the expenses taken off the gross:
taxes ... on both the value (property taxes) and income (income taxes)
expenses such as maintenance, utilities if they are included with the rent, etc.
costs you can control like required licenses.

But even after taking expenses into account, our working real estate portfolio has exponentially outperformed our metals and we've been collecting metals since our first anniversary and that was 36 years ago. We didn't get into real estate until about 8 years after we were married and that was with only 2 units (then we started "stacking" our real estate portfolio). The ROI and performance of the real estate just can't be beat.

None of the above means that I think metal doesn't have its place. I just don't give it the place that most people seem to give it. Our portfolio must provide a daily income. We aren't just at liberty to let our money sit around on their assets.
 

Hfcomms

EN66iq
We aren't just at liberty to let our money sit around on their assets.

When (I say when not if) the economic and banking implosion comes to fruition in full fury, what about your real estate and your funds then? When the dollar loses the rest of it's value and nobody is paying their rent and the good communists in DC won't let you kick people out or impose rent controls that doesn't begin to cover your expenses what happens then?

I realize a lot of people today still think that this will never happen but I don't think you are one of them as you have a good head on your shoulders and have been around a long time. Fortunately you do have some metal as an insurance policy and I think you are going to need it.
 

Southside

Has No Life - Lives on TB
Real Estate. A lot of work. Don't think so? Go out and buy a rental unit. Big upside, you CAN use leverage.
Gold? No yield, no work. Up 7.75X since purchase. I doubt that real estate can match that. Big downside? You can't use leverage.

I will add that, in my life, I only have known 1 person to go bankrupt owning real estate. EVERY other person that I know(as an accountant, that is MANY) that used it as their retirement plan did excessively well with their investment.

Long-term rental units are an excellent investment from my viewpoint.
 

Kathy in FL

Administrator
_______________
We aren't just at liberty to let our money sit around on their assets.

When (I say when not if) the economic and banking implosion comes to fruition in full fury, what about your real estate and your funds then? When the dollar loses the rest of it's value and nobody is paying their rent and the good communists in DC won't let you kick people out or impose rent controls that doesn't begin to cover your expenses what happens then?

I realize a lot of people today still think that this will never happen but I don't think you are one of them as you have a good head on your shoulders and have been around a long time. Fortunately you do have some metal as an insurance policy and I think you are going to need it.

No, we expect it to happen at some point. My personal opinion is that things will go digital currency for at least a bit before full meltdown. And our assets are somewhat different from what most appear to have here on TB2K. We are still working age though hubby will be 60 this year. We still have a kid at home though he is an adult working on getting his own life ... we still get most of his groceries. LOL. We've also promised to take care of my mother for the duration of her life which means providing her a house, and potentially a car in the next year or so.

That said, it is our working assets that provide the part of the plan necessary to prepare for the chaos that will eventually try to breakdown our door and the door of those we take care of. Our working assets are what pays for the assets that don't work ... like the two BOLs we have. Our working assets is what paid for the repairs and maintenance on the nonworking assets from things like storms/hurricanes and termites. Our working assets is what has paid for most of the metal we have that doesn't do anything but sit and shine. Our working assets have also paid for a lot of stuff over the duration of our business.

Everyone needs to have their own plan. But it isn't a plan just to have stuff, even if that stuff includes metal. The plan needs to have proactive work and reactive work.

As for metals, until there is a system in place for metals to be converted to other types of assets, they are more of a method of moving assets between generations. And to be honest hubby and I plan to die with zero. We'll gift to the kids during our lifetime. What they do with it is up to them. We'll use our assets to support our life's choices and worldview. When we kick off, we want the government getting as little as we can manage to keep from them.
 

Kathy in FL

Administrator
_______________
Real Estate. A lot of work. Don't think so? Go out and buy a rental unit. Big upside, you CAN use leverage.
Gold? No yield, no work. Up 7.75X since purchase. I doubt that real estate can match that. Big downside? You can't use leverage.

I will add that, in my life, I only have known 1 person to go bankrupt owning real estate. EVERY other person that I know(as an accountant, that is MANY) that used it as their retirement plan did excessively well with their investment.

Long-term rental units are an excellent investment from my viewpoint.

Answer sent via PM because I don't want our personal business on the forum. ;)
 

Nich1

Veteran Member
Rentals can be a nightmare...doesn't mean they will be...but can be. The laws are in favor of the "tenants." When a dead-beat tenant moves in, it takes months to get them out. And, even then, the damage they have done while living in a unit or intentionally do as they are being evicted from a unit, is just beyond comprehension. The lost rent during the eviction process and the cost to repair/replace compounds the losses. I tried it...hated it. For those who make it work, I say, "Good for you." It just wasn't my "cup of tea."
 

Kathy in FL

Administrator
_______________
Rentals can be a nightmare...doesn't mean they will be...but can be. The laws are in favor of the "tenants." When a dead-beat tenant moves in, it takes months to get them out. And, even then, the damage they have done while living in a unit or intentionally do as they are being evicted from a unit, is just beyond comprehension. The lost rent during the eviction process and the cost to repair/replace compounds the losses. I tried it...hated it. For those who make it work, I say, "Good for you." It just wasn't my "cup of tea."

It isn't everyone's. Good for you for finding out before it took you under. I've tried day trading and played with currencies for a bit. I got out because I made better money with less indigestion with our rentals. And yet there are people out there that have made a heck of a lot of fiat that way.

I think everyone has their talents that can be put towards making a good living. It mostly has to do with how much risk tolerance you have.
 
Jim Willie has been saying for over a year that several of the 'Big Five' banks were already bankrupt. If BOA goes down, gold will go up, but maybe not right away. If there is a MAJOR stock market crash, which I think is most probably if Trump is actually elected, gold will be sold as will much else to cover shorts or losing positions in all kinds of markets.

1724957592643.png
 

Zoner

Veteran Member
from Martin Armstrong‘s subscriber blog

”When we look at gold cyclically, we are at a crossroads where it should create a temporary high. Nevertheless, the fundamentals conspire to warn that gold may be preparing for a plateau move with the prospects of war on the horizon, uncertainty over the 2024 election, and Democrats' threats that they will NEVER accept Trump even if he wins. Our Civil War Cycle turns up September 4th, and quite frankly, these comments against Trump coming from the Democrats are right on time. When I warned over a year again that the computer was suggesting that this would be the last election and that 2028 may not even take place, many thought that was an absurd forecast.

This is NOT my personal opinion - my job has been to relay the forecasts of this computer which is NOT biased and sees through all the bullshit on both sides. These are not forecasts I have relished to deliver. I understand the light at the end of the tunnel is there, and we can see it. There is just NO WAY the United States can stand with this sort of division. I will be meeting with members of Congress this week. I need to look into the eyes to judge if they truly understand.

This chart shows the broad trading channel that gold has followed. Gold has broken above it these past two weeks to create a cycle inversion that would take us to a new plateau move where the next target becomes a minimum of 3900, followed by the next target area of 4800-5000. The resistance for a continued rally into 2025 stands at the 2900-3000 level. We have a serious conflict between the Democrats looking to charge 44.6% capital gains tax plus tax unrealized gains. This would be devasting to gold for here, too; it would compel selling before such a tax was imposed.
 
BRIICS are set to announce what some are calling "the UNIT" as their agreed upon unit of trade.
40% GOLD (Russia wanted 60%) and the rest made up of the currencies of buyer and seller between BRIICS countries.

The BRIICS software system is totally NOT the US dominated SWIFT software/financial trading system.

Can the BRIICS software system 'talk' to the Swift software system? I don't know. I doubt it. I think Ukraine and what is happening in the M.E. is happening as an effort to crash and destroy the BRIICS efforts.

What percentage of the US pop and Euro pop have even heard about 'the UNIT'? 3%? 1%?

The UNIT is set to be announced at the October BRIICS summit.

What happens to the price and VALUE of gold from October on; when GOLD becomes MONEY again?

Now this:

1725385720953.png
 

Kathy in FL

Administrator
_______________
BRIICS are set to announce what some are calling "the UNIT" as their agreed upon unit of trade.
40% GOLD (Russia wanted 60%) and the rest made up of the currencies of buyer and seller between BRIICS countries.

The BRIICS software system is totally NOT the US dominated SWIFT software/financial trading system.

Can the BRIICS software system 'talk' to the Swift software system? I don't know. I doubt it. I think Ukraine and what is happening in the M.E. is happening as an effort to crash and destroy the BRIICS efforts.

What percentage of the US pop and Euro pop have even heard about 'the UNIT'? 3%? 1%?

The UNIT is set to be announced at the October BRIICS summit.

What happens to the price and VALUE of gold from October on; when GOLD becomes MONEY again?

Now this:

View attachment 495782

It isn't a 100% backed unit of currency if it is only 40% gold backed. The unit is just a variation of fiat at that point.
 

hd5574

Veteran Member
BRIICS are set to announce what some are calling "the UNIT" as their agreed upon unit of trade.
40% GOLD (Russia wanted 60%) and the rest made up of the currencies of buyer and seller between BRIICS countries.

The BRIICS software system is totally NOT the US dominated SWIFT software/financial trading system.

Can the BRIICS software system 'talk' to the Swift software system? I don't know. I doubt it. I think Ukraine and what is happening in the M.E. is happening as an effort to crash and destroy the BRIICS efforts.

What percentage of the US pop and Euro pop have even heard about 'the UNIT'? 3%? 1%?

The UNIT is set to be announced at the October BRIICS summit.

What happens to the price and VALUE of gold from October on; when GOLD becomes MONEY again?

Now this:

View attachment 495782
And turkey is in NATO...
 
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CaryC

Has No Life - Lives on TB
BRIICS are set to announce what some are calling "the UNIT" as their agreed upon unit of trade.
40% GOLD (Russia wanted 60%) and the rest made up of the currencies of buyer and seller between BRIICS countries.

The BRIICS software system is totally NOT the US dominated SWIFT software/financial trading system.

Can the BRIICS software system 'talk' to the Swift software system? I don't know. I doubt it. I think Ukraine and what is happening in the M.E. is happening as an effort to crash and destroy the BRIICS efforts.

What percentage of the US pop and Euro pop have even heard about 'the UNIT'? 3%? 1%?

The UNIT is set to be announced at the October BRIICS summit.

What happens to the price and VALUE of gold from October on; when GOLD becomes MONEY again?

Now this:

View attachment 495782
Don't know about the population of the US but everybody on the board could avail themselves of the information I posted on the board back in May, in this very thread:

 

von Koehler

Has No Life - Lives on TB
You do realize that at least two of backing currencies presently have little or no value in international trade?

What trader would accept Rubles or Rupees except only at a very steep discount and he already a match lined up?

It's like two bankrupts swapping IOU's between themselves and pretending it's a trade.

If gold was indeed available, everyone were choose that - at least until it's all gone.
 

CaryC

Has No Life - Lives on TB
You do realize that at least two of backing currencies presently have little or no value in international trade?

What trader would accept Rubles or Rupees except only at a very steep discount and he already a match lined up?

It's like two bankrupts swapping IOU's between themselves and pretending it's a trade.

If gold was indeed available, everyone were choose that - at least until it's all gone.
Don't get this mixed up with international trade today. This is only between BRICS+ countries. If Brazil agrees to taking gold+ Rupees, then that's on them, for a load of banana's, not global.
 
You do realize that at least two of backing currencies presently have little or no value in international trade?

What trader would accept Rubles or Rupees except only at a very steep discount and he already a match lined up?

It's like two bankrupts swapping IOU's between themselves and pretending it's a trade.

If gold was indeed available, everyone were choose that - at least until it's all gone.
I forget the exact number but something like 129 more countries have applied or in talks to join BRIICS. They make up roughly 80% of the world's population and the majority of the world's commodities.

What do they all have in common? They are rejecting the corrupt financial frauds and crimes of the G7.

I guess somehow you are still deluding your self that the USA and the FRN are not completely bankrupt and being rejected by the rest of the world. $35 TRILLION in debt and adding a trillion every 100 days or so.

It takes time to reject a completely corrupt World Reserve Currency and establish something new.

As for your comment that India and Russia have no value: you DO realize that they ARE trading, right now, this second. Your statement is non rational. China IS trading in Yuan and Rubles. China is no longer buying US Treasuries and has been dumpting them.

There's a clue about the future for you.
 
It isn't a 100% backed unit of currency if it is only 40% gold backed. The unit is just a variation of fiat at that point.
No, the UNIT is backed by 40% gold, or will be we are told. That means when a trade takes place the ownership of that gold is transfered. You've got fiat on the brain.

$35 trillion in debt and adding another $3 trillion added this year.

You do realize that means your fiat is also $35 trillion in debt and the chickens just haven't come home to roost, yes?

It might take another year or three; or it could happen in 6 months if 'Operation Sandman' is a real thing.
 
If the "UNIT" becomes available, I would consider purchasing some.
You can buy gold. Once the majority of the world starts to trade in physical gold for their commodities and manufactured goods gold WILL go up in value. It might be a while before the average US citizen can buy 'UNITS', if indeed that is what BRIICS end's up calling it.
 
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