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Post by Entendance on Jan 1, 2024 6:05:20 GMT -5
The Entendance Beach Policy:
The praetor does not concern himself with trifles. Il pretore non si occupa di cose di poca importanza.
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Post by Entendance on Jan 3, 2024 2:23:24 GMT -5
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Post by Entendance on Jan 9, 2024 2:17:24 GMT -5
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Post by Entendance on Jan 12, 2024 11:01:56 GMT -5
BRICS Is A MUCH Bigger Deal Than You Think
Physical pricing replaces derivative pricing of gold and oil this year.
This will be the year when the derivatives system of pricing gold and oil is replaced by physical pricing, London metals trader Andrew Maguire tells Shane Morand on this week's edition of Kinesis Money's "Live from the Vault" program. Indeed, Maguire says one central bank may begin repricing gold as soon as this month.
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Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows
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Post by Entendance on Jan 17, 2024 13:26:11 GMT -5
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Post by Entendance on Jan 24, 2024 13:40:44 GMT -5
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Post by Entendance on Jan 27, 2024 5:58:31 GMT -5
With 40,000 tonnes, China can trigger a weaponized gold revaluation at any time, Maguire says China likely has 20 times the 2,200 tonnes in gold reserves it has officially reported, or 40,000 tonnes, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program, making a weaponized gold price revaluation possible at any time. Meanwhile, Maguire says, heavy demand by central banks is keeping the gold price above $2,000 despite the constant attempts to knock it down in trading on the New York Commodities Exchange
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Post by Entendance on Jan 29, 2024 2:43:06 GMT -5
Supply & Increased Demand Preservation Of Value Zero Counterparty Risk Safe Haven Asset
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Post by Entendance on Feb 3, 2024 7:09:57 GMT -5
Turning to Gold, its superior performance over the last two decades remains ignored and misunderstood by the vast majority of pundits and investors. Of course, once this misunderstanding (and BIS-led great deception) becomes clear to more investors, the subsequent demand for this relatively fixed-supply asset will send gold’s price much higher in the years ahead. The DOW-Gold ratio, Egon argues, will reach 1:1, which means risk assets will see pain and physical gold will surge in price as global debt levels send markets and economies toward historical turning points, from the US to China. This, of course, requires sophisticated investors to think more about preparation and wealth preservation over delusion and speculation.
Lift a 400 oz Gold Bar 400 oz Gold Bar Exhibit at BullionStar’s Bullion Center - A first in Asia!
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Post by Entendance on Feb 6, 2024 8:08:44 GMT -5
It is vital to understand the legal and practical role of Gold Fiat currencies, central banks, commercial banks, and even governments themselves face a looming credit crisis.
Without a proper knowledge of the legal basis which defines Gold as money and that everything else is credit, we cannot fully understand why the only escape for individuals from the growing financial calamity faced by America, Britain, Europe, and Japan is to sell credit to buy physical gold bullion and coin.
As to the danger, you would have to be a blind deaf mute to not be aware of the mounting instability in our credit system. Not only are central banks, issuers of our currencies technically bankrupt, but profligate governments with debt to GDPs of 100% and more are as well. Additionally, commercial banks face a range of crises which through systemic risk threatens to collapse the entire western banking system. And anyone who blithely thinks that these problems will go away with lower interest rates (as widely expected in heavily managed markets) displays irrational hope over rational thinking.
The reality of today’s credit markets is that in the not too distant future they face the prospect of a total collapse. The only escape for those seeking to protect their wealth is to get out of credit. This includes all financial assets. But to sell down risk exposure and to leave the proceeds on deposit at a bank still leaves investors with a pig-on-pork credit risk. There’s the bank itself and also the currency in which the deposit obligation is recorded. It is fiat, meaning that its value in terms of purchasing power is down to no more than faith — faith which is initially decided by foreigners in the foreign exchanges, likely to catch domestic users on the hop unexpectedly.
The only escape from this looming credit crisis is to possess Physical Gold — bullion and coin. But to understand why requires us to unwind decades of Keynesian and statist anti-gold propaganda. Accordingly, this article puts gold and credit in their proper legal contexts, so that the reader can truly understand why gold is the only escape route from a gathering credit crisis, and therefore act to protect his or her wealth with a confident understanding of the why and the how. I strongly urge my Substack subscribers to read this article at least twice. It has never been more important to understand why in a general credit crisis, the only refuge from it is ownership of Physical Gold. -Alasdair Macleod
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Post by Entendance on Feb 9, 2024 10:42:00 GMT -5
Central banks are turning "paper" gold on the New York Commodities Exchange into real metal via conversion to "exchange for physicals" redeemable in London, metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Maguire adds that China and Russia have accumulated far more gold than Western nations and their revaluing it upward -- the "nuclear option" in the world financial system -- will be far more effecive in defeating the West than any conventional war. Maguire sees such a revaluation drawing near. China, Russia will conquer world with 'nuclear option' in gold, Maguire says
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Post by Entendance on Feb 13, 2024 3:19:14 GMT -5
John Perez reveals the role of SILVER in decentralized asset preservation
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Post by Entendance on Feb 14, 2024 3:45:43 GMT -5
...For wealth preservation investors, ETF vehicles like GLD do not satisfy any of the criteria of holding a reserve asset like gold totally risk free. To summarize, the primary problems with buying gold through an ETF vehicle are the following: It is a paper security held within the financial system It has multiple counterparty risk The gold holdings are not segregated from custodians’ assets It owns no gold directly The gold is stored within the banking system The gold held is probably rehypothecated The gold is not fully insured Investors have no access to their gold In short, and to repeat, holding gold through an ETF vehicle is effectively no better than holding gold futures contracts rather than actual gold...
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Post by Entendance on Feb 17, 2024 6:36:08 GMT -5
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Post by Entendance on Feb 20, 2024 3:19:02 GMT -5
February 20, 2024
Extreme income and wealth inequalities, like we are currently seeing in the West, normally lead to conflicts or revolutions.
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Post by Entendance on Feb 23, 2024 9:15:31 GMT -5
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Post by Entendance on Feb 24, 2024 1:40:13 GMT -5
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Post by Entendance on Feb 25, 2024 4:48:43 GMT -5
Huge Bull Market in Gold About to Start
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Post by Entendance on Feb 26, 2024 6:12:54 GMT -5
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Post by Entendance on Mar 1, 2024 3:38:32 GMT -5
There are currently around 109 ounces of 'paper gold' contracts traded for every ounce of physical production. The stark deficit between these numbers demonstrates the fragility of global Gold exchanges and highlights the necessity of owning physical Gold.
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Post by Entendance on Mar 2, 2024 10:07:57 GMT -5
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Post by Entendance on Mar 4, 2024 2:05:36 GMT -5
March 11, 2024 EU's Proposal on Frozen Russian Assets Expected to Be Ready 'Quite Soon'
The opportunity of defeating the enemy is provided by the enemy himself. - Sun Tzu, The Art of War
'The United States seems to be doing their darnedest to prove themselves an enemy of the world. They want to give $300 Billion in seized Russia assets to Ukraine...' Thy enemy of thine enemy: Yellen urges world to righteously share $300 Billion “War Chest” Gonzalo Lira (February 29,1968 - January 12,2024) on February 8, 2023 ↕️
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Post by Entendance on Mar 5, 2024 2:42:53 GMT -5
China's PBoC has been buying gold officially for 16 consecutive months. Unofficially considerably larger volumes and also in terms of duration. Note how they are not buying an intelligence agency electronic creation with a backdoor. Security and counterparty risk matters to a prudent sovereign nation. It should also matter to retail investors too. -The Sirius Report
Gold Gold, Gold - it’s all about Gold as it reaches another All-Time High. This really is signalling the end of the Old World Order that’s existed since WW2 -> the US hedgemoney & it’s vassal countries backed by the worthless Ponzi Dollar, rapidly disintegrating MSN propaganda, parasitic insane insider politicians, and their War Machine Complex that can’t win anything. What’s comes next? The elites Great Reset leading to a One World Government prison planet, or a Multi-polar world with a plurality of voices? -Silver Gold News
'All Empires die without fail, so do all Fiat currencies. But Gold has been shining for 5000 years and as I explain in this article, Gold is likely to outshine virtually all assets in the next 5-10 years. In early 2002 we made major investments in physical gold for our investors and ourselves. At the time gold was around $300. Our primary objective was wealth preservation. The Nasdaq had already crashed 67% but before the bottom was reached, it lost another 50%. The total loss was 80% with many companies going bankrupt...'
'The long-awaited response from the CFTC to my congressman’s office about my concerns of the possible double-counting of publicly reported silver inventories, originally sent to the agency in mid-November was received by me Friday morning, March 1. To refresh you with the issue, I asked the CFTC (along with the S.E.C.) to make clear whether the 103 million oz reported in the I-Shares Silver Trust, SLV, and being held in New York by JPMorgan on behalf of the trust, was also being reported in the JPMorgan COMEX warehouse or whether these were two separate silver inventories. Here’s an article I made public at the time, which included my original letter, as well as some commentary...' The CFTC’s Response
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Post by Entendance on Mar 8, 2024 3:59:40 GMT -5
The New York Commodities Exchange is in danger of defaulting on its gold and silver contracts as demand for delivery of metal increasingly is directed there, London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money. Short futures positions in the metals, Maguire says, are being destroyed by their excessive leverage amid central bank demand for gold and the realization that silver is grossly underpriced compared to gold.
Comex nears gold and silver defaults, London trader Maguire says
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Post by Entendance on Mar 9, 2024 4:35:08 GMT -5
Gold is scarce. It’s independent. It’s not anybody’s obligation. It’s not anybody’s liability. It’s not drawn on anybody. It doesn’t require anybody’s imprimatur to say whether it’s good, bad, or indifferent, or to refuse to pay. It is what it is, and it’s in your hand. – Simon Mikhailovich
Since the world left the gold standard, all governments have spent money they didn’t have and made commitments they can’t complete in order to get the mob to vote for them. Meanwhile the middle class is being destroyed as the 99% see their taxes increase just as their salaries decline. It will end poorly. -Bob Moriarty
...Every ounce of gold or silver you acquire using fiat currency effectively removes that many dollars from the current rigged financial and economic system. E.
Some basic rules of history; ***The majority always provides consent to the minority. The minority always determines the direction the majority follows (agenda) The majority always pays the price The majority owns the outcome, good or bad. By providing consent, the majority are always responsible for their own fate. -Warren Pollock Rules for Rulers
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Post by Entendance on Mar 12, 2024 3:41:26 GMT -5
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Post by Entendance on Mar 15, 2024 10:36:06 GMT -5
On this week's episode of Kinesis Money's Live from the Vault program, London metals trader Andrew Maguire interviews coin and bullion dealer and monetary metals advocate Rob Kientz about what they see as the imminent collapse of the paper gold and silver markets.
Signs of the collapse abound, Kientz says, asserting that manufacturers that require silver are already bypassing bullion bank brokers and purchasing metal directly from mines. Kientz also discusses his involvement with the sound money movement in the United States.
H/T Tom from Florida
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Post by Entendance on Mar 20, 2024 12:22:33 GMT -5
- Gold and silver prices, central banks' accumulation, and the potential for a global currency reset. (0:00) - Gold, silver and the potential for a gold-backed BRICS currency. (3:08) - New currency and commodity price setting mechanism. (8:03) - Financial manipulation and the rise of the BRICS nations. (14:25) - Precious metals market and global economic trends. (21:31) - Economic collapse in Europe and the US. (24:14) - Economic crisis, inflation, and food shortages. (28:56) - Banking industry vulnerabilities and potential collapse. (33:57) - Economic collapse and its impact. (38:23) - Gold and blockchain as a hedge against dollar collapse. (42:59) - The potential replacement of the US dollar as a global reserve currency. (46:51) - Gold backs as off-grid money. (52:54)
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Post by Entendance on Mar 22, 2024 0:36:48 GMT -5
In this week's "Live from the Vault" program from Kinesis Money, London metals trader Andrew Maguire says demand for physical silver is propelling the metal's price just as demand for physical has been doing for gold. He adds that central banks and their bullion bank agents are using the major gold and silver exchange-traded funds for price suppression... Central banks and their agents use ETFs to rig gold and silver, Maguire says
The background for Gold and Silver is very bullish both technically and fundamentally Speculative paper market positions on Comex, and presumably in London as well, have increased against a background of bullion shortages
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Post by Entendance on Mar 23, 2024 5:55:35 GMT -5
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