“The inflated imitations of gold and silver, which after the rapture are thrown into the fire, all is exhausted and dissipated by the debt. All scrips and bonds are wiped out. At the fourth pillar dedicated to Saturn, split by earthquake and flood: vexing everyone, an urn of gold is found and then restored.
Although the Fed includes gold amongst the assets on its "Balance Sheet", where is its re-hypothecation of it shown? How large are these liabilities and other derivatives not included on the Fed's "Balance Sheet"?
So.. the Fed have successfully hidden the value of gold for 45 years. Why would the price of gold rebalance now or in the near future? Is there not enough gold on the market?
The Fed "owns" no gold. It has "certificates" from the Treasury, from the 1934 Transfer. In addition, the gold held by the Treasury is encumbered by international agreement, ( Bretton
Woods ) which was "temporarily" suspended in 1971, and after 3 years of attempts to resolve
international monetary system issues, the suspension became "indefinite". The legally binding
agreement remains in limbo, but the gold is not free to be used internationally.
Gold is not a money, it's a commodity! It has value, because there is a demand: for industrial use, for jewelry, which is partly a speculation, and speculation itself, what Russia is doing.
Russia can hoard any other metal the same way they hoard gold, eventually it will push prices up, because there is an industrial demand.
My read of the day - really interesting! For your records: I just subscribed to your newsletter - maybe as the first overseas subscriber from Germany. I think it’s insightful and fun to read. Please go on with it - I really like it!
However, may I give feedback to the overall setup: Frankly speaking, I think substack.com is not exactly user friendly and appears to be somehow „last week’s technology“ (at least not for a german engineer). Second: Of course we‘d like to know who that little chicken is - just out of curiosity but also whose wisdom we‘re digesting here.
❤️ VLOOKUP
Although the Fed includes gold amongst the assets on its "Balance Sheet", where is its re-hypothecation of it shown? How large are these liabilities and other derivatives not included on the Fed's "Balance Sheet"?
There was so much noise a few years ago with Ron Paul saying to audit the gold reserves. Did anything come of that?
So.. the Fed have successfully hidden the value of gold for 45 years. Why would the price of gold rebalance now or in the near future? Is there not enough gold on the market?
may be worth half a trillion today, but just wait til Mr. Goldfinger radiates it all.
The Fed "owns" no gold. It has "certificates" from the Treasury, from the 1934 Transfer. In addition, the gold held by the Treasury is encumbered by international agreement, ( Bretton
Woods ) which was "temporarily" suspended in 1971, and after 3 years of attempts to resolve
international monetary system issues, the suspension became "indefinite". The legally binding
agreement remains in limbo, but the gold is not free to be used internationally.
cheers!
Gold is not a money, it's a commodity! It has value, because there is a demand: for industrial use, for jewelry, which is partly a speculation, and speculation itself, what Russia is doing.
Russia can hoard any other metal the same way they hoard gold, eventually it will push prices up, because there is an industrial demand.
My read of the day - really interesting! For your records: I just subscribed to your newsletter - maybe as the first overseas subscriber from Germany. I think it’s insightful and fun to read. Please go on with it - I really like it!
However, may I give feedback to the overall setup: Frankly speaking, I think substack.com is not exactly user friendly and appears to be somehow „last week’s technology“ (at least not for a german engineer). Second: Of course we‘d like to know who that little chicken is - just out of curiosity but also whose wisdom we‘re digesting here.