With China giving up on the USD and turning its back on treasuries there is a LOT of Chinese money that is going to be pumped into physical gold.
In the next couple years if this trade war continues gold will go to the moon.
Pic related is my goal for this year — a 100g 24k chain that will double in value in the next couple years.
muh shiny jewmetal
Buy land and start a family, faggot
You know we mine gold, right?
What do Jews have to do with gold? And, you have no idea what land costs in Canada.
chinese
money
ishygddt
Who are “we”? I don’t mine gold. I work in a hotel.
And the china market is the only one that matters. They have a physical bullion shortage even though they are the largest gold producer and they export almost none of it.
Doesn't know his own country mines gold.
Ngmi anon.
Gold from all around the world is going to flow to china as Chinese premiums rise (meaning Chinese gold buyers are willing to buy at a premium over spot to meet demand). As gold flows out of western exchanges to china to sell on the shanghai gold exchange, what do you think happens to the western spot gold market?
I’m well aware Canada mines gold. The fact that anti gold people can only lie and pretend to misunderstand people is how you know they are treating you as a fool.
Most western gold is going to flow to china to meet Chinese demand because they are willing to pay a premium for physical. Simple as.
They will never own as much as the ultra mega Kikes and as soon as their holding get annoying they will rug pull on them.
Pic related is my goal for this year — a 100g 24k chain that will double in value in the next couple years.
You are a monumental faggot.
Jew-elry is a waste of money.
But scrap gold at spot + $50, or less if you can find it. Anything else is a waste. Fucking leaf.
What does rug pulling mean in the context of Chinese gold buying?
Kek another leafjeet
You’re a fag. I also like having sex with women and to do that you have to show off.
All gold demand stems mostly from jewelry.
What do Jews have to do with gold?
LOL. Read the protocols. Number 22
24k jewelry
Enjoy it getting dented easily. 18k/22k only. 24k bars and coins.
Yeah, but it does have industrial uses. The factory I work at has been gold plating PCBs on the regs lately.
Industrial demand is less than 10%, jewellery is officially 50% but I feel it’s more like 80% in the real world. Also there’s way more gold in circulation and gold being mined than what they say.
Lol. No Chinese buy tons of physical bullion. PBOC buys a pile and local exchanges that sell to the public in china also sell a huge pile.
Since China is willing to pay more for gold most of the world’s gold supply flows to china. Since it flows out of the west the western spot market is left with promissory notes for gold that they will never be able to source (since it’s already in china)
China is the singular driver of the global gold price today since they are the only real buyer.
Any and all Chinese owned real estate in the US should be immediately auctioned off to the highest bidding transexual nigger. That’ll teach them to invest in anything except our manufacturing sector
Jews promote crypto and American equities, USD, and American treasury bills. They are very against gold.
Yes and it’s mostly for jewelry. Keep up.
The average leaf owns MAYBE 5g of 14k gold. Most Canadians own nothing other than their wedding ring.
Lol, there's way more paper gold than there is real gold.
Talk about a fixed market. Selling fucking gold futures for ore they can't even guarantee they'll ever dig up.
jewelry
False.
Nope. That’s totally not real.
So you believe their official statistics but don’t believe them when they say the paper market isn’t rigged? All you need to know about gold is looking into things like Yamishitas Gold hoard and the gold in the Grand Canyon. Miners also steal most of the gold they mine and heavily underreport.
It is getting dug up it’s just going to china. This is the fantasy of western spot markets, that they’ll be able to source physical to redeem those claims if the gold has already gone to china to be sold on the shanghai gold exchange.
Once western markets show that they can’t actually produce physical gold for local markets the gold price charade will end and the spot price will go to the moon.
China numba wan! Dassa why i shirring onna mongrorian baske wee-aring wezsite, in a engarish lanwedge!
Gold is as plentiful as diamonds. Gold will go to the moon when Yuan is depegged and has a higher exchange rate value.
So you believe their official statistics
Certainly never said that
when they say the paper market isn’t rigged
The paper market is rigged. All the markets are rigged. What would be the point of rigging only one market? The minute people realized another market was safe they'd all flood into it.
All markets are necessarily rigged to stifle any chance of goyim escaping their chains.
Life would be better in Canada if Mexico and the United States weren’t run by retards but I don’t choose your elected officials, amerimutt. Go back to your methadone and ozempic injections
What matters is the amount of currency floating around. There is a pile of currency all around the world that has not yet been redeemed for real goods. The real goods are way less than the currency floating around. Simple as.
No you believe their official stats on gold production and how much has ever been mined but not about the gold market.
it’s rigged
Yea the London gold market sets prices like an auction house for painting. People are buying because the demand is there, no demand = price crashing. The price of gold will only go up to insane values when the Yuan is depegged and gains on the dollar but then people will dump and sell so it will crash.
What a silly thing to say. Guess who most of the jewelers are. And guess who owns the bullion banks. And guess who supervises the bullion banks
This..it's in the name...
There’s not that much currency floating around actually. $190 trillion of deposits and banknotes but guess what, every monies is tied to debt and debt needs to be repaid. Btw there’s more debt than monies. That’s why we have a global balance sheet.
But it doesn’t matter because Chinese are the ones with the money. Jews don’t own the shanghai gold exchange or any local gold markets or jewelry dealers in china.
muh chang who larps as (((marxist)))
Aren't pajeets the largest private gold holders anyway?
Buy land and start a family, faggot
right answer.
if you can, marry someone great who would make a great mother, if not, marry any hole that will help you crank out a unit, just get her from some other country or if you want to , pretend to care about life and then become insolvent and broke, they cant take anything from you and you spread your white seeds.
if west virginia can have whitakers living in a hut in odd west virginia, it cant be that hard to find a woman to fuck
you only job as a parent is to make sure your children notice.
jewelry is the worst way to buy gold becuase you're paying a big markup for the work
Buy pure gold bars or coins from reputable dealers
What would be the best way of selling gold?