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    Gold prices on the rise amid fears of worldwide inflation



    Gold prices on the rise amid fears of worldwide inflation.





    The price of gold this week exceeded $1,800 per ounce, trading data shows. While global investors assess the risks of high inflation, some experts say gold prices could soon double. The price of december gold futures on the new york comex stock exchange on friday jumped 1.69%, to $1812.15 per ounce. Over the week, gold has risen in price by some 2.5%, its fastest weekly growth rate since spring.


    The popularity of the precious metal has grown as it is seen as a means of protection against high inflation, a common trend in many countries around the globe despite the assurances of the financial authorities that the phenomenon is temporary.
    Kitco analyst Jim Wyckoff, who is quoted by the wall street journal, believes gold prices “are supported by growing fears about inflation and a decline in the dollar index at the end of the trading week.” in recent weeks, the dollar has been weakening against a number of major world currencies, in particular, the euro, the yen and the yuan, while the dollar index has dropped by 0.2%, to 93.58 points.


    “Experience shows that ‘hard’ assets such as precious metals are becoming more popular as a hedge of inflation,” Wyckoff stated. Meanwhile, industry insiders think gold prices could potentially rise further, likely following the lead of other major commodities, like aluminum and natural gas, as covid-19 pandemic aftershocks continue to frustrate supply chains.


    According to the former chiefs of canadian gold mining company goldcorp inc., David Garofalo and Rob McEwen, global inflationary pressures are not as transitory as central bankers and consumer price indexes suggest. When investors realize this, it could propel gold prices up to $3,000 an ounce. “I’m talking about months. The reaction tends to be immediate and violent when it does happen. That’s why I’m quite confident that gold will achieve $3,000 an ounce in months not years,” Garofalo, who now heads Gold Royalty Corp, told Bloomberg. He noted that because gold is a universal asset and has a some 4,000-year history, it is better positioned than, for instance, cryptocurrencies as a hedge against an inflationary environment. McEwen noted that the post-pandemic global monetary and debt expansion combined with supply disruptions will inevitably lead people to traditional methods of protecting their capital, with gold the leading choice.


    gold prices on the rise amid fears of worldwide inflation ...

    https://www.rt.com/business/538255-gold-rising-inflation-fears 24 X 2021.









  3. #23
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    Many of us live our lives so differently than others. Most of us who have worked hard all our lives, do not have much to show for it. Sometimes because of the way of the world nowadays and often the work we do doesn't pay more than making it payday to payday.

    There is no shame in this way of work, once I take a look at my way of LIFE. Minimalist, heat, cook, etc without the need for the grid. Living in a place I would not be sad to die in. If they "came to get me" or "come to force the needle", I know the work I have done was to help others in dire straits rather than be more like some other people I know. I am nowhere near angelic, but I am ok with being considered 'poor'. My LIFE has been rich with friends and strangers alike.
    So, gold and silver will not be in my future, but my knowledge base is enough to barter and even save a life if need be. Medical experience can be priceless, or at least worth gaining a new bartering friend. For those of you who can afford gold and silver, more power to you. Get it while you can. It just has not been my lot in life..

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  5. #24

  6. #25

    Your $1.7 billion of gold is now ours, UK tells starving Venezuelans


    In its prolonged freezing of Venezuelan assets, the UK continues to withhold 31 tons of its gold stored at the Bank of England, with a new Supreme Court ruling supporting the seizure.


    The recent decision, CNN reported, “ruled that recognition of heads of state and government was solely the responsibility of the British government, which had recognized [opposition leader Juan] Guaidó as Venezuela’s Constitutional interim President.”


    Like most duplicitous corporate media, CNN pushed the narrative that Nicolas Maduro isn’t actually Venezuela’s elected president (he “claimed” the “widely disputed” election). But, as I
    wrote in March, he is president, and “Venezuela’s election process has been recognized as transparent and effective, with former US President Jimmy Carter in 2012 calling it‘the best in the world.’ On the other hand, the Venezuelan opposition, as well as Western nations, have interfered withand attempted to sabotage elections.”


    In any case, the UK court, drawing onthe ‘one voice principle’, decided that because UK leaders like Boris Johnson regard the unbeloved Guaidó as ‘interim president’, he therefore, inexplicably, is – in spite of most of the world not recognizing him as such.


    So, Venezuela’s 31 tons of golddeposited at the Bank of England,” remains captive.


    Meanwhile, script-reading legacy media are echoing one another in claiming that Venezuela has no right to its own gold, disingenuously promoting the false premise that Guaidó is Venezuela’s president.


    The BBC ran with: ‘UK Supreme Court denies Maduro claim to Venezuelan gold’.


    Fortune Times gushed: ‘UK Supreme Court thwarts Maduro’s bid to control $1.9bn Venezuela gold.’


    How very benevolent of the UK courts to thwart the dastardly elected president of a nation whose population it is allied with the US in relentlessly punishing.


    As any good stooge of imperialism does, Guaidó – the Western puppet previously-unknown to the world, and largely unknown within Venezuela before his self-appointment as ‘president’ – pops up when needed, aka when the US and allies want to hurt the Venezuelan people even further.


    In a March 2021 article, I opined, “You would have to have been offline or in a coma for the past couple of years to not be aware of some key facts about ‘interim president’ Guaidó. Venezuelans didn’t vote for Guaidó to be president, he hasn’t even stood for president. Venezuelans voted for Maduro. Guaidó named himself ‘interim president’, to the support of only roughly 50 countries – leaving a glaring nearly 150 countries not recognizing this Western-groomed stooge as Venezuela’s leader.”


    Contrary to the UK’s re-recognition of this man as the president of Venezuela, as I noted, even the EU dropped its recognition of Guaidó as interim president.


    On-the-ground support for the non-president?


    In 2019, I spent several weeks in Caracas, refuting Western pundits’ and media claims that there was chaos following a series of power outages. During that time, I observed protests in support of the government, and sought out the supposedly-massive protests in support of Guaidó (spoiler, I couldn’t find them, in spite of scouring the city on a motorcycle taxi).


    In one particularly massive pro-government protest, Venezuelans spoke of media lies about their country and also how they wanted the “Western puppet” Guaidó to be arrested.


    They make it up, it’s all lies, all lies. The only president we recognize is Nicolas Maduro. And we want this man, Juan Guaidó, to be arrested immediately.


    In an encounter another day, a woman unleashed, “We didn’t vote for you, Guaidó. We’re not a North American colony. We’re not Colombia. Respect Venezuela. The US wants to steal our resources. Trump, stop fu*king us over.”


    Up in the hills of Petare, riding on a friend’s motorcycle, wherever we went, we met people who spat on Guaidó and on the West’s lies about Venezuela.


    This latest UK court ruling to continue denying Venezuela its gold – and deny the nation a means of providing relief to its uber-sanctioned population, which struggles to get enough food to eat because of it – is not surprising, giving the West’s history of attempting to overthrow Venezuela’s leaders and destabilize the country.


    It needs to be underscored that the same politicians, pundits and media which promote Guaidó as a Venezuelan leader, much less president, and whitewash the UK’s theft of Venezuela’s gold, systematically downplay the deadly sanctions against its people.



    No, just everyday run of the mill Chewry. The Moneychangers will always be Moneychangers, no matter how many times they change their names to infiltrate, f. 00l and subjugate the go.yim.


    It's the Bank of England. Owned and controlled by the Chew Rothschild. It's a private enterprise like the Chewish controlled Federal Reserve in the US.
    So, that said, the Chews are again stealing the gold of the go. yim as their Talmud instructs them to.
    And you still trust Chews, why?
    Btw, the great Chewish teacher and personal physician of Saladin, Maimonides, said "It is permissible (for a Chew) to test a drug on a gentile if it serves a purpose (to the Chew)".
    Think about that as you're waiting in line for your booster.


    The Rothschilds achieved a piece of the world long ago. They intend to own the whole world and the only keys they hold are the keys to h€££.


    Your $1.7 billion of gold is now ours, UK tells starving Venezuelans. 27 XII 2021.

    Western Cooperate Media are there to not cover this.

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  8. #26
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    I bought some limited collectable sovereigns last year, paid about a grand for them (full, half, and quarter) I got them valued out of interest at the local gold dealers they offered me £520... which is below the actual spot price. Now the gold content of them is about 12.5g if I remember correctly, however the rarity and numismatic value of them makes them worth a grand all day long. I guess most people who go there just don't know the value of some of the stuff they have in their possession and people like these dealers take advantage of that fact. (Also I had a quarter ounce Britannia valued, which has a rarer design and they offered me £220.. lol! Spot makes it £311 atm and you are getting one from a main dealer for less than £390 atm) Now imagine what even just the base weight of those would get me in Venezuela... an ounce of silver can feed you for 3 months and and ounce of gold can buy you a house...supposedly...

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