/biz/ - Business & Finance

[Anonymous No.49980516]

Goldbros... It's over

[Anonymous No.49980524]

>>49980516
What do you mean? It's all good for gold price.

[Anonymous No.49980540]

It's begun

[Anonymous No.49980557]

>>49980516
great so they'll sell it to india and i'll buy it from jeets instead

[Anonymous No.49980558]

>>49980516
fucking comedy show :D
love it.

[Anonymous No.49980570]

How is that possible? Arent there shell companies of shell companies of shell companies of shell companies that you could easily hide the money? Whats stopping them from loading a 30' container full of gold and shipping it to UK/US/Canada since there's literally hundreds of thousands of containers on thousands of container ships being transported every day.

[Anonymous No.49980571]

>>49980516
good fuck russia

[Anonymous No.49980585]

>>49980516
2 more weeks until the funds run out.

[Anonymous No.49980616]

>>49980570
Same as what's stopping US oil companies from buying oil from Russia and selling it to the EU at a markup: absolutely nothing.

[Anonymous No.49980660]

>>49980616
this

these fucking retards pushed for a globalized world and now are dumbstruck when sanctions are bypassed through third countries. Once upon a time in a bi-polar world you sanctioned a whole bloc of countries and it was much harder to find a third country to so business through in relevant enough volumes. Nowadays, it is literally nothing. Kind of like blocking certain websites from certain territories which every fag and his dog can bypass using VPN.

What is so fascinating about all this is that after some 8 years of some 1500 different sanctions against Russia the so called West did not make a fucking dent in anything. But do they rethink what they are doing and the real world effects it is producing? No fucking way. It's not working as we wanted it to? Let's double down! Still not happening? Let's double down some more! Absolute retardation.

[Anonymous No.49980698]

>>49980660
It's based on emotion, virtue signaling, magical thinking and propaganda utility over the actual outcome.

>>49980540
This, this is massively bullish for gold. Just look at what happened to the Ruble.

[Anonymous No.49980732]

>>49980698
yeah, no shit. Unfortunately, none of the things you mentioned pay so well and it is starting to show. The so called West is hemorrhaging money and BRICS economic separatism brought on precisely by these types of actions from the so called West is gaining momentum. The so called West is now precisely where the Soviet Union was at the end of the 80's - becoming irrelevant because of religiously sticking to some retarded ideology while ignoring economic realities of the wider world. It seems more likely every day that it will suffer the same fate too.

[Anonymous No.49980745]

>>49980516
>Putin has a lot of gold.
>we need to separate him from the gold.
>sounds sensible. Let's buy him out.
>too much effort. Let him keep the gold, but we're not allowed to buy it.
>we're not allowed to buy the gold?
>we're not allowed to buy the gold.
>how will we have any leverage if he controls the world's hard currency reserves?

[Anonymous No.49980796]

>>49980732
I have a funny feeling it will come on quicker than we're ready for now. The dominoes are falling at an accelerating rate, normies and my granny are worried about inflation and famine. I think the chaos being unleashed is exponential, and while it could be 2025 before people start starving, it could be upon us this year. Just wait til the crop yield for 2022 is known. Food might double in price by October, that's when the fun begins.

Maybe the lockdowns and covid were a way to pin us down and distract us after the economy finally started to break in 2018-19, and get us to burn through reserves, savings, stockpiles etc for a couple of years before the final rugpull.

[Anonymous No.49980837]

>>49980796
Also, do not just glance over the Supreme Court trowing out Roe vs. Wade. It may seem like a superficial storm in a tea cup kind of thing, but in reality it quite substantially deepened the already dangerously growing rift between the individual states.

They WILL try lockdowns again in fall and qquite possibly will try everything they can and more to to stay in power, most likely even try prevent the elections from happening at all on the pretext of public health concerns or some other utter bullshit, but since the states are already pitted against each other looks like half won't play along and that will be the spark in the powder keg. Scary shit on the horizon.

[Anonymous No.49980862]

>>49980516
>shitcoins dead
>gold dead
>shitcoins revive
Good fuck normies everything should be digital

[Anonymous No.49980950]

>>49980516
tracking gold kek

[Anonymous No.49981052]

>>49980660
>But do they rethink what they are doing and the real world effects it is producing? No fucking way.
At this point the: 'they are doing it on purpose so we'll collapse and they'll do the great reset ' and the ' all our politicians are idiot elitist serounded by yes man who think they are smarter than they really are and will rather kill us all then admit they're wrong' both sound plausible to me.

[Anonymous No.49981077]

>>49980516
>everyone promise
>don't buy Russian gold

lol
lmao

[Anonymous No.49981191]

>>49980516
>>49981077
>EU and US commiting economic suicide
How can I profit from this

[Anonymous No.49981197]

>>49980540

[Anonymous No.49981198]

>>49980837
>dangerously growing rift between the individual states.
I'm not American but you really need to ditch the blue states to their black hole of debt and bankruptcy. I think you will actually get another civil war and it will be based on the 'federal government' aka the blue states trying to force Texas, Florida etc to stay and pay their massive debts off for them. You just need to get enough states to leave and America will rise again.

[Anonymous No.49981209]

>>49980516
>be the west
>stocks, bonds, real estate and everything else tanks
>massive inflation
>a lot of money gets funneled into PMs to hedge
>realise you cannot keep the paper manipulation of gold prices up any longer
>gold price is an indicator of the currency systems health
>ban gold imports from russia
>everything‘s fine with the dollar and the economy!!!!! Gold is just going up because of banned imports from putler!!!! Nothing to worry about!

Screencap this. Its (((their))) playbook

[Anonymous No.49981217]

>>49981052
a great reset as they have been presenting it would only work if everyone went along with it. At this point it is more than sure that at least half the world will not - they are already not lapping up whatever shit they are trying to push down everyone's throat now, why wold they even consider any however lovely smelling new shit coming out of the same asshole? Also, the longer the "elites" drag out these manufactured crises the more countries get to rely on themselves and other non-elites to get by so when they finally get to their magic memedate to kick it all off, half the world will just say 'nah, cheers mate, we're fine where we are". As I said, they are not only stupid but also regular psychopaths, no sane person would even consider repeating the same things over and over and over again and expect different results. Even a fucking monkey is smarter than that.

[Anonymous No.49981222]

>>49981209
What now?

[Anonymous No.49981239]

>>49980796
The economy started to break on the exact date of 17. of September 2019, just before (((COVID))) started getting mentioned

[Anonymous No.49981251]

>>49980516
You should probably retake an economy 101 class.

Lowered supply with equal demand means rising prices, dummy.

[Anonymous No.49981254]

>>49981217
Do not underestimate the power of fear.
It is the sole reason covid got so bigwhile - as we all know - it was an absolute nothingburger

[Anonymous No.49981267]

>>49981254
and yet half the world did not really give two fucks about it. Only retarded countries like Canada or Australia would lock their people up for months on end, the saner part of the world (and the US for that matter) just paid lip service to it because of the money that could be made on it.

[Anonymous No.49981284]

>>49980516
You old retarded pedo faggot.

[Anonymous No.49981374]

>>49981254
>the power of fear.
That only works on the weakest 50% of the world. So yes they have high control over a lot of the population in western countries, however the sheer headcount is irrelevant. It doesn't matter what an unproductive, overweight 65 year old thinks as he nods his head at the TV news. Or any woman. Or any beta simp. Because they won't do shit except cry for someone else to enforce the rules on you.

The only opinions that matter are those of the police and the 18-50 year old fit men, and the balance of power between them. Like 70% of this group didn't buy the covid narrative and won't play along with the great reset either. The elite will eventually realise all their 'power of fear' got them control over was a cowardly, weak rabble.

[Anonymous No.49981414]

>>49981374
>a cowardly, weak rabble
*Of useless, low IQ consoomers. That's why police are getting worse as well, if all you select for is mindless obedience to authority then you necessarily get below average operatives. They've built an empire based on weakness.

The only true means of production is strong intelligent men and they are losing control of those more and more with every retarded scheme.

[Anonymous No.49981428]

>>49980516
>only applies to newly mined gold not to already stacked gold
So this means literally absolutely nothing until Russia runs out of existing gold reserves which it probably never will. Great job doing absolutely nothing yet again, senile retard

[Anonymous No.49981479]

>>49980516
sounds like some really good discount offers are on the table, I can't wait to buy in

[Anonymous No.49981630]

>>49980516
Did you mean:
The United States has imposed unprecedented costs on Germany?

[Anonymous No.49981632]

>>49980732
>>49980837
>>49981217
>>49981267
>>49980698
>>49980796
>>49981198
>>49981374
>>49981414
Хeллo Ивaн. 1 pyб has been deposited to your account

[Anonymous No.49981637]

>>49981632
hello mr,glownigger, we've been expecting you

[Anonymous No.49981717]

>>49980524
> he thinks russia is gonna stop selling the gold

theres always a buyer dont worry israel will buy it all up

[Anonymous No.49981835]

>>49980516
This will cause gold prices to spike and then gradually decline as Russian gold finds its way into the global market through intermediaries. This process is already happening with diamonds as Russian is the largest extractor.

[Anonymous No.49981843]

Doesn't India love gold?

[Anonymous No.49981846]

>>49980516
That's bullish for gold. A huge chunk of it is off the market now.

[Anonymous No.49981858]

>>49980516

This is bullish for gold what do you mean. Won't be surprised if I see a +100$ day for gold Monday

[Anonymous No.49981862]

>>49981637
>>49980732
>>49980837
>>49981217
>>49981267
>>49980698
>>49980796
>>49981198
>>49981374
>>49981414
go back to /pol/ faggot. Still waiting for car crashes, infertility and EVERYBODY DIES FROM THE VAX. Also remember that Trump lost because russians are so incompetent.

[Anonymous No.49981927]

>>49981862
Wtf is this schizo rambling? The fuck are you even talking about?

[Anonymous No.49981945]

>>49981632
>>49981862
Hello vatnicks, your not getting paid again plus you'll never be white.

[Anonymous No.49982083]

>>49980516
America sanctioning itself again. can we just hurry up and blanket nuke burger land? we could take all the good ones and put them in canada for a few years and just wipe the rest.

[Anonymous No.49982185]

>>49981191
Buy commodities, especially energy stocks.

[Anonymous No.49982231]

>>49980516
Oh dear, 30% of the world is going to boycott a fungible good from a nation?
I wonder how that could possibly end up playing out.

[Anonymous No.49982301]

>>49980660
>It's not working as we wanted it to? Let's double down!
Government in a nutshell in nearly every imaginable situation.

[Anonymous No.49982583]

>>49980570
gold in containers always disapears at the dock somehow.

Think It through.

Any 3 letter agency plus any union, mafia etc would know about it, and it all disapears. Always.

Thats why you only ever get gold certs and maybe some coins.

Also why gold is btfo by btc

[Anonymous No.49983149]

>>49980516
so russia keeps the money they mined for themselves and doesnt sell it for a dying dollar
oh now my gold coins will be worthless.
also stack silver

[Anonymous No.49983214]

Another big step towards the international remonetization of gold. And a sign of the USA "establishment" resistance.

[Anonymous No.49983272]

>>49981862
this
Im so sick of poltards and their constant doomposting and fearmongering. theyre literally wrong all the time. and always parrot the same dumb talking points too theyre incapable of at least making up their own crayckpot theories. worst is when they condescendingly lecture you about some shit they just picked up from some other random asshole.

[Anonymous No.49983379]

>>49981222

[Anonymous No.49983547]

>>49982231
I think this is tremendously bullish for gold, BUT it might also give the US government an excuse to intervene in all gold bullion transactions. "The Russians are recasting their gold and selling it in the USA through third parties. Therefore, in the interest of freedom we need to temporarily curtail private gold sales in the USA. Banks can continue to buy it, of course."

If you are thinking of buying gold, you probably should do it.

[Anonymous No.49983584]

>Russia ships gold to South Africa or China at a slight discount
>They use gold to mint coins
>Westerners buy them because the origin of the gold is unknown by default

Sanctions do not work

[Anonymous No.49983615]

>>49982583
You obviously do not know what you are talking about. Unless you are trying to buy a billion dollars worth and need it today, I guarantee you can buy as much as you want.

[Anonymous No.49983628]

>>49983584
This is why the Biden administration finds it necessary to curb domestic gold sales in the USA. Because Putin.

[Anonymous No.49983655]

Is this the trigger we need to finally break the massive cup and handle upward?

[Anonymous No.49983766]

>>49980516
Ok so less gold supply available for the West... same as gas prices lol thanks Joe

[Anonymous No.49983806]

>>49980570
it's not even that hard. you don't need a "shell company."
>be regular iranian, turkish, or saudi company
>your government doesn't have any embargo on russia
>your government doesn't honor treaties/agreements to enforce even partial embargoes
>receive no punishment whatsoever for buying russian commodity
>receive no punishment whatsoever for selling russian commodity, even directly to US company
>US has no leverage on its own companies to determine ultimate sources of anything that's imported
>undue burden that will never ever make it into law
job done, literally already happens with oil

[Anonymous No.49983807]

>>49980516
>we will announce that we will
so... isn't that just announcing it now?

[Anonymous No.49983820]

>>49982583
>Also why gold is btfo by btc
>because no one will steal what is worthless in the first place
lmao

[Anonymous No.49983823]

>>49981862
>https://www.armstrongeconomics.com/world-news/corruption/covid-vaccine-causes-a-decline-in-male-fertility/

[Anonymous No.49983841]

>>49983807
this is a standard political maneuver. "me and my friends will announce X" is code for "we haven't actually agreed yet but if i say this publicly i can force my so-called friends to do what i say when we meet later"
you might recognize the pattern from abusive relationships

[Anonymous No.49983878]

>>49980516
2nd dumbest move with not buying oil being the 1st.
this guy has is an idiot.
depression is coming.
this winter is going to being REALLY hard for a lot of people.

[Anonymous No.49983891]

>>49981862
Based

[Anonymous No.49983909]

>>49983615
I think he's just pointing out Gold's lack of security and scalability.

[Anonymous No.49984180]

>>49980516
im buying GDXJ on monday open

[Anonymous No.49984737]

>>49980516
Oh my goodness how will China ever deal with all this extra gold they get to buy on a discount like they are buying Russia's oil? I suppose when India and Pakistan also buy their gold Russia will BTFO forever.

[Anonymous No.49984839]

>>49982583
>Also why gold is btfo by btc
>halfs itself in price in your path
Nothin... personnel... reddit spacer...

[Anonymous No.49984883]

>>49981862
This

[Anonymous No.49984912]

>>49980524
This. The fact oil went up after oil being sanctioned shows that when gold is sanctioned it will also go up. Simple supply and demand economics

[Anonymous No.49985169]

>>49983584
>Russia ships gold to South Africa or China at a slight discount
>They use gold to mint coins
Why would South Africa buy Russian gold when they already have gold mines?

[Anonymous No.49985185]

>>49980516
>ban the import of $RESOURCE
>global market prices for $RESOURCE soar
>putin now gets the same money for selling less $RESOURCE and stockpiling the rest

This is what already happened with oil, gas and steel, now they're trying it with gold?

[Anonymous No.49985216]

>>49985185
This time is different because stockpiling gold is much easier than stockpiling oil/gas.

[Anonymous No.49985577]

impressive that much of this thread seems to believe that removing the biggest liquidity backstop for an overvalued commodity is bullish

[Anonymous No.49985601]

>>49980516
based. i officially apologize for calling biden names during the election.
in reality both trump and biden are pretty similar, and their foreign policy is 100% identical.

[Anonymous No.49985632]

Oh no bros.. I thought gold was private

[Anonymous No.49986129]

>>49980516
>inb4 you can only buy gold in gold

[Anonymous No.49986160]

ITT polcel cope

[Anonymous No.49986169]

>>49984839
>goes up 10,000%
>halves in price

>gold
>...

[Anonymous No.49986192]

>>49980516
Anyone ever even bought Russian gold, it's ultra rare. Who are they selling their gold too?

[Anonymous No.49986202]

>>49982583

three letter agencies probably know all your private keys unless you are *extremely* meticulous about generating and managing them. kind of a moot point.

[Anonymous No.49986224]

>>49983841
That's a pretty risky move from someone as unpopular and powerless as the pedofraud. His so-called friends could just give him the finger at this point.

[Anonymous No.49986249]

>>49984912
Well he still took in their oil even after sanctions so I don't think those really mattered much.

[Anonymous No.49986288]

>>49986202
>three letter agencies probably know all your private keys unless you are *extremely* meticulous about generating and managing them. kind of a moot point.

cont.

and the only way i can think to manage them that has even a chance of being secure is to generate the keys and sign transactions with an offline machine, in a shielded, air-gapped location. signed transactions could be printed out on a low-resolution dot matrix printer, then taken out of the air-gap, and finally scanned into an online machine for use.

and this makes the assumption that adversaries could only use things like CPU backdoors and remote surveillance equipment. if they have a microscopic means of surveillance that can get into the air-gap then you could still be compromised. btc is not at all secure.

[Anonymous No.49986296]

>>49983272
>fearmongering
Over a million people died in the last two years from Covid, that's more than most genocides throughout history.

[Anonymous No.49986306]

>>49980571
>good fuck russia

[Anonymous No.49986337]

>>49980516
Wouldn't this make the price of gold go up?

[Anonymous No.49986425]

>>49986288
cont.

EM and physical shielding are easy, so i guess it's a problem of only allowing information that you want in and out of the device/location where you generate your keys. this is hard because it's easy to hide a signal within another signal and make the hidden signal simply look like noise. a signal could even be transmitted on a very slow time scale e.g. one bit per week and it could be very hard to notice such things. a simple hardware filter, e.g. adding gaussian noise and then smoothing with a bandpass filter would probably go a long way.

[Anonymous No.49986438]

For gold it's always "This time it's different!" Kek! They have been telling us Gold is going to moon for over 50 years now.

[Anonymous No.49986486]

>>49986337
unlike oil, gold isn't valued for its commercial demand and speculation thereof, it's valued as a financial product. it you wonder what happens to the price of financial products when buyer liquidity suddenly dries up, take a look at the price action of stocks and crypto over the past 7 months

[Anonymous No.49986507]

>>49986425
cont.

a simple and easy-to-construct hardware random number generator would probably also be very useful, if such a thing exists. it would be nice if there were one that's simple enough that it isn't effectively a black box to the user. really every computer should have one.

[Anonymous No.49986601]

>>49980516
Putin pegs the Ruble to gold. The G7 says we won't import Russian gold. Putin stockpiles gold which is now pegged to his currency. I only see one winner here and it isn't the G7.

[Anonymous No.49986644]

>>49986601
>Putin pegs the Ruble to gold
What would that achieve you stupid reddit piece of shit?

[Anonymous No.49986696]

>>49986169
Not a single person on this board got a 100x from Bitcoin

[Anonymous No.49986726]

>>49980516
China and India already buy a shit ton of gold. No doubt they will buy this Orc gold.

[Anonymous No.49986797]

>>49985185

you can't stockpile resources like oil and gas, you'll run out of storage and it leads to wells being closed, re-opening a well costs a fortune and that well will not give the same amount of oil/gas ever again, it's a long game downhill
gold can be stored, but he will have to sell it at big discount to some shell companies which will buy it for cheap and sell it for more money which creates PROFIT for them whilst Russia loses that cut

[Anonymous No.49986877]

>>49986696
I bought BTC in late 2016 when it was only $570, I traded that for stupid alts like ARK and NANO instead but if I just held BTC and sold it like a non-retard I would have had a 100x.

[Anonymous No.49986902]

>>49983584
One way of looking at sanctions is as a squeeze on Russia and wealth transfer to developing countries.

Russia used to make 100% of the money, now Russia makes 60% and India/Kazakhstan/Georgia/Armenia makes 40%

This of course lasts until a full trade embargo comes into force because Russia cannot enforce any of their shipping lanes due to the lack of a blue water navy. Piracy is coming back boys.

[Anonymous No.49986932]

>>49980516
president brandon will send the purple haired tranny squad dressed in full marvel superhero regalia to negotiate with chinese and russian sharks

[Anonymous No.49986939]

>>49986306
Calm down, snowflake

[Anonymous No.49986947]

>>49980516
>the adults are back in charge

[Anonymous No.49987028]

>>49980837
>already dangerously growing rift between the individual states.
there is no rift. there is no impending civil war. this is a media construct. most people don't give a shit about abortion, don't give a shit about Ukraine, are done with covid, and don't care about anything but their families, careers, and paying their mortgage. i don't give a fuck about what blue-hair trannies do in big cities, they don't give a fuck what me and my family do in the sticks. we don't care. no one is expending mental energy on any of this except for Twitter bots and teenagers. Americans are individualistic and focused on their own. don't believe the fake narrative

[Anonymous No.49987045]

>>49980516
>the most bullish news for gold in a long time
>its over for gold

No wonder /biz/ is full of pink wojaks all the time

[Anonymous No.49987077]

>>49986797
>whilst Russia loses that cut
Which isn't really a problem when you have an abundance of said resource and the prices have been rising due to the sanction.

[Anonymous No.49987097]

>>49986877
>but if I just held BTC and sold it like a non-retard I would have had a 100x.
and if I'd went all in on BTC and held it I'd be a billionaire
But neither of us did those things

[Anonymous No.49987127]

>>49986306
t. triggered ruskie

[Anonymous No.49987383]

>>49980660
when sanctions are in place and you have to do things illegally, you forfeit any protection under law. Criminal organizations and government agencies can seize your shipments and you can't do anything about it because you're already breaking the law. We don't hear about it happening because the people stealing are winning and the people getting stolen from would not only be made to look like fools, but it would broadcast to everyone else that it's open season on their goods

[Anonymous No.49987400]

>>49980516
>Together, the G7 will announce
I mean you just did by yourself my nigga

[Anonymous No.49987477]

Time for my business in Switzerland to multiply its gold imports while getting a fat discount from Russia

[Anonymous No.49987585]

This is the most bullish thing to ever happen to gold you retarded cock sucking faggot

[Anonymous No.49987613]

Beyond demented thinking.

[Anonymous No.49987638]

>>49980571
Are you the good guy? Are you sure?

[Anonymous No.49987647]

>>49987585
>>49987045
>gold no longer being propped up
>large producer forced to sell at a loss
>bullish

[Anonymous No.49987651]

if you think this is bearish for gold you are retarded
in fact you'd have to be so retarded i can only assume you're larping

[Anonymous No.49987673]

>>49987477
Cool story bro

[Anonymous No.49987711]

>>49980516
HOLKY SHIT ITS GONNA PUMP

[Anonymous No.49987719]

>>49981209
Hey, stop being antisemitic

[Anonymous No.49987735]

>>49987651
>distressed seller with a sudden glut of production and supply needs desperately to find a buyer
>bullish

[Anonymous No.49987744]

>>49987647
Yeah, just like it happened with oil, right retard?

[Anonymous No.49987746]

HOW CLOSELY DOES PAXG track gold? Is it always on point?

[Anonymous No.49987747]

>>49981209
kek i think you're right
they need to start manufacturing excuses for the rise of PMs

[Anonymous No.49987758]

>>49987744
gold isn't valued for its commercial demand, retard

[Anonymous No.49987763]

>>49987735
russia isn't desperate to sell their gold, doofus
do you have any idea how much money they're making on oil right now

[Anonymous No.49987764]

AHHH WE’RE GETTING RICH

[Anonymous No.49987790]

>>49987763
>umm actually, russia doesn't NEED a buyer
cope

[Anonymous No.49987834]

Seriously is PAXG a good gold-instrument? Has anyone tried to redeem for Troy ounces? Reportedly you can send Paxos your PAXG and they will give you real gold.

[Anonymous No.49987835]

>>49985577
How does reducing supply lead to lower prices without reducing demand even more? What makes you think gold is overvalued? Have you seen the geopolitical climate? At the very least, the world is de-globalizing. At the worst, it's world war 3. Switzerland just started buying gold from Russia again after years of mostly selling. So somehow you know better than whole countries huh?

https://abcnews.go.com/International/wireStory/swiss-customs-tracks-importation-russian-gold-worth-200m-85629217

[Anonymous No.49987845]

>>49987834
maybe it'll work, maybe it won't
just buy gold bullion if you want to be safe

[Anonymous No.49987850]

>>49987758

[Anonymous No.49987852]

>>49987845
Too cumbersome. I also want to profit off it, I’m not too interested in just holding it for fun.

[Anonymous No.49987874]

>>49987852
k well good luck
you'll probably get burned
not sure why you think you can't sell physical either

[Anonymous No.49987875]

>>49980516
Most of the gold in the U.S. market is sourced from Canada and Australia among other countries. Russia's contribution to the supply of physical gold on the American market is irrelevant ban or not.

>>49980524
Also this, but only if you were smart enough to have a position ahead of time :3

[Anonymous No.49987887]

>>49980516
These fucking idiots are killing West on purpose
We could have been buying solid gold for meme usd/euro papers
Giga hyperinflation coming. There is nowhere to burn this fiat now, only in domestic economies

[Anonymous No.49987891]

>>49980516
Gold price is gonna spike huh?

[Anonymous No.49987928]

>>49987835
supply isn't being reduced, that's the point. you now have a major producer that is strongly incentivized to sell below market rates just to make money. if we consider gold to be a commodity, and commodities valued by their commercial demand for industry, gold is way overvalued

[Anonymous No.49987944]

>>49987874
What are my options?
1. Buy an etf? Heh nice fees bros.
2. Buy spot on the commodities exchange. This is fine I guess.
3. Buy PAXG and possibly leverage it.
4. Order gold online and then either pay someone to store it keep it under my mattress and then sell it in x years?

[Anonymous No.49987954]

>>49987874
>PAXOS
>backers: Celsius, Blockfi,
These guys seem trustworthy.

[Anonymous No.49987958]

>>49987875
>Most of the gold in the U.S. market is sourced from Canada and Australia among other countries. Russia's contribution to the supply of physical gold on the American market is irrelevant ban or not.
Why would the US be continuously importing gold from Russia in the first place? Is the US accumulating gold and if so for how long has it been? It's not like oil where there's a clear production of it and consumption and need. And even if they were, couldn't Russia just sell to China or someone instead.

The POTUS would never be tweeting fake news, would he/they?

[Anonymous No.49987980]

>>49987887
>Giga hyperinflation coming
Yes and Gold price is a great signal and that's why conveniently there is now an excuse for gold to go up.

I bet gold reaches 3k before fiat inflation is finally in the media narrative.

[Anonymous No.49988094]

>>49981843
good morning sirs!

[Anonymous No.49988132]

>>49981209
>>realise you cannot keep the paper manipulation of gold prices up any longer
>>gold price is an indicator of the currency systems health
>>ban gold imports from russia
>>everything‘s fine with the dollar and the economy!!!!! Gold is just going up because of banned imports from putler!!!! Nothing to worry about!

>Screencap this. Its (((their))) playbook
This seems right. Throw in some (((distractions))) and normies won't even notice

[Anonymous No.49988178]

I don't think this means anything for gold. Gold is too global of a market. Maybe I'm wrong idk. Gold will probably keep trading in this range still.

[Anonymous No.49988212]

>>49986486
Yes but buyer liquidity ISN'T drying up. Gold is in demand as it's ever been...even more so now that we are on the cusp of WW3. It is supply that is drying up.

[Anonymous No.49988265]

>>49987045
Gold is fungible, this is neither bullish nor nearish news for gold.
90% of all gold is not even used beyond storing it for speculation, this will change nothing.

[Anonymous No.49988283]

>>49981209
bullish

[Anonymous No.49988295]

>>49987045
gold is so comfy

[Anonymous No.49988296]

>>49987928
But... people don't consider gold a commodity driven by industrial demand.
The vast, vast majority of the demand is jewellery and investment, which in many ways go hand in hand.

You are going to die if you do not understand basic concepts surrounding inflation before this thing hits our economies. You need to prepare better than by buying digital fucking assets.

[Anonymous No.49988307]

>>49987928
Supply is being reduced to all the G7 nations that inact sanctions. Now they'll have to buy it from BRICS nations at a higher price. Even citizens in BRICS nations will experience price increases as the sellers will prioritize G7 nations for higher returns if demand stays steady. Gold does well in uncertainty and these are the most uncertain times anyone alive has ever experienced.

Gold clearly isn't a commodity in the traditional sense. Central Banks don't hold gold on their balance sheets for the purpose of making semiconductor chips in the future. It is a financial asset and on the global scale, that is what it is regarded as so pricing it based off it's industrial demand is retarded.

[Anonymous No.49988362]

>>49988265
>Gold is fungible
And? This only supports the fact that gold will be sold to G7 nations who want it(at a premium) because no authority can source it after it's left Russia.

>90% of all gold is not even used beyond storing it for speculation
You really think central banks across the planet store gold to speculate? This isn't a P&D shitcoin we're talking about here. This is a precious metal that has served as a store of value for millennia.

[Anonymous No.49988365]

>>49980516
LOL
Old dimbulb Joe thinks banning gold will have more of an impact than the oil ban? LOL
This admin is flailing, badly. Next they'll declare a ban on Russian faberge eggs and be like "there, this will be so devastating to their economy they'll no longer be able to wage war again".
If you voted for this fool, apologize.
NOW!

[Anonymous No.49988433]

HYMC is the real play here. Shit's gonna pump so hard.

[Anonymous No.49988495]

>>49981198
>blue states to their black hole of debt and bankruptcy
source?

[Anonymous No.49988502]

>>49988433
Isn't that the mining company AMC bought shares in? LOL
99% of mining companies are money pits. Their stock only exists to fund the company and allow the management team to live lavish lifestyles.

[Anonymous No.49988519]

>>49988212
retard joe wants to cut off western liquidity for russia, which means russia now has a much smaller pool to sell into.
>>49988296
>>49988307
>But... people don't consider gold a commodity driven by industrial demand
yeah, hence why it is massively overvalued. it has incredible utility but industry can't use it due to its status as a legacy financial product. if gold didn't have the baggage it does its price would reflect demand from industry. out of this monetary crisis the world is shifting towards valuing utility, which spells the end for both fiat and gold as a financial product

[Anonymous No.49988595]

>>49988502
Yes, exactly. It'll pump not on fundamentals but on memes. Think about it this way: do you think it'll be DOWN on Monday EOD?

[Anonymous No.49988596]

>>49987928
Gold is a tier 1 asset according to basil 3. Silver is a commodity. Bad faith argument

[Anonymous No.49988621]

>>49987928
enough with the gaslighting, schlomo
you're literally saying the exact opposite of the truth

[Anonymous No.49988763]

>>49981209

I think you're right that it's part of having an excuse for gold going up.

But I think it's probably also not so much about Russia selling gold as Russia buying gold. Everybody knows that the LBMA is leveraged to hell with re-hypothecated gold and CB gold lent out to try to keep the price contained... to keep inflation expectations contained... to keep rates down and the fiat ponzi going. Russia surely knows this too.

Anybody with sufficient capital can break this and send gold to the moon, so why don't they? Well the CBs of the world have quiet agreements not to blow up the status quo like that, and rich people understand that it is politically incorrect to try and they'll have trouble if they do. If Russia is off the reservation for real they could send the western economies into chaos by simply buying up gold until London capitulates and says "no more deliveries, show's over". Physical moons as do inflation expectations, every CB goes straight to capping rates, governments try to ban buying gold, inflation panic and mad scramble for gold ensues.

The irony is, Russia probably doesn't want this. They want the world to keep spinning so they have somebody to sell their gas to. But it will happen in the end, and this is a signal tptb know it and are scared of it. They're trying to misdirect what this is about, but they are tipping their hand regardless.

[Anonymous No.49988814]

>>49988595
There is NO impetus for that stock to soar, other than blatant fraud. SEC would stomp it faster than a rabbit gets fucked.
Keep dreaming, zoomer tard.

[Anonymous No.49988874]

>>49988596
>according to a piece of paper and memes, gold has value beyond its supply relative to industrial demand
overvalued
>>49988621
cope

[Anonymous No.49988924]

>>49988874
>gold is valued because of memes
every civilization from antiquity to very recently has used gold both as a storage of value and medium of exchange. you must be 18 to post here

[Anonymous No.49989043]

>>49988519
Ok. We're not debating what's happening..we're debating the affect of what's happening on gold's price. You've yet to refute the fact that gold's price has little to do with it's industrial utility and everything to do with its monetary history.

[Anonymous No.49989074]

>>49988874
Are you actually retarded? Seriously, read a book about the history of money and then(and only then) can you join the conversation.

[Anonymous No.49989121]

>>49980516
So why are the fed's big goy banks collecting gold then?

[Anonymous No.49989131]

>>49988924
that's literally what a meme is. projecting also won't make you less underage
>>49989043
I'm talking about what's happening in material reality. banks invest in gold because they don't innovate, that isn't their job, they respond to what is considered valuable and accumulate accordingly. gold isn't tracking with inflation and more importantly the industrial consumption of gold is a miniscule contributor to its market cap. as the monetary system collapses and perceptions of value shift to utility and production, the mismatch between gold's market value and its present level of industrial consumption will correct itself

[Anonymous No.49989256]

>>49989131
>all of human history is a meme just like what’s on my funko pop subreddits!

[Anonymous No.49989382]

>>49989256
this is literally what they believe

[Anonymous No.49989510]

Op is an idiot, this is bullish for gold

[Anonymous No.49989528]

>>49980698
>This, this is massively bullish for gold
>>49981846
>That's bullish for gold
>>49981858
>This is bullish for gold
>>49983547
>I think this is tremendously bullish for gold,
>gold bull[ion]
>>49987045
>the most bullish news for gold in a long time
>>49987585
>This is the most bullish thing to ever happen to gold
>>49987647
>>bullish
>>49987735
>>bullish
>>49988283
>bullish

[Anonymous No.49989749]

>>49989131
Ok well said. Still, what you seem to be misunderstanding is the fact that gold is used in monetary system collapses to preserve wealth. That is it's primary utility and it has been that way for thousands of years. I understand what you're saying but think of like this. BTC has no current utility. It is a cryptocurrency that no one uses as currency. There are far better cryptos out there but Btc is the main one because of first mover's advantage over a span of a decade. Now think about gold as having first mover's advantage except spanning for millennia because it is indestructible and has industrial utility outside of being store value. It's gonna take centuries to change the perception of gold. We didn't see Russia propping up the ruble with btc did we?

[Anonymous No.49989796]

>>49989749
Granted, Russia propped up the Ruble with oil using gold as an alternative form of payment but the point still stands. Nobody was giving up gold for oil because they understand why gold is important.

[Anonymous No.49989835]

>>49989528

[Anonymous No.49989893]

>>49981632
Эээ, пo дoгoвopy 15 pyблeй зa пocт пoлaгaeтcя

[Anonymous No.49991605]

>>49981209
They've also got the Uganda story for if/when the price goes down. I've accepted prices for everything are not based on supply and demand, but rather are set by manipulations. Stocks where they dump 25% of the price in minutes, etc... They just need news articles to provide cover for the 'real reason' an asset's price is being adjusted up or down.

I think in this case they want everyone to accept the CBDC that is coming, but if a lot of people flee into PMs it would be a threat to the system - noninflationary, impossible to surveil or restrict. Someone with PMs could pass real wealth to their children without the government getting their share, or even knowing, which threatens their utopia dreams where everyone is equally destitute and desperate. They kept PMs underperforming and boring during the 2020-2021 massive bull rally, but there is a lot of purchasing happening and the sentiment has turned bearish. So now, I expect prices will rise to make it less affordable to the average investor. Probably a big gap up and then long slow decline so investors who FOMO in are stuck in the red for months and feel pressure to sell during the coming scarcity.

[Anonymous No.49991642]

>>49980745
We're not electing our best leaders are we guys?

[Anonymous No.49991733]

>>49983547
This is a good point. I think it applies to crypto too - Oligarchs using crypto to avoid noble patriotic sanctions. But really it is about locking the citizens in with no choice but fiat and CBDC. Inflation loses its confiscatory power if nobody wants fiat.

[Anonymous No.49992365]

>>49980745
I want Cirno to be elected as the next president of the United States of Americuck.

[Anonymous No.49992432]

>>49987638
ya i am sure.
>>49986306
ksy jew russian cock sucker

[Anonymous No.49992496]

>>49980745
I have never heard of Putin having a lot of gold before today and I'm not prepared to just believe things from sources as ridiculous and farcically unreliable as 4chan and the president of the united states.

[Anonymous No.49992521]

>>49992496
Putin has been stockpiling gold for a decade and the media has been reporting on it since day one

[Anonymous No.49992872]

>>49987638
ya i am sure.
>>49986306
kys jew russian cock sucker

[Anonymous No.49992890]

>>49989528
bitcoin: -65%

[Anonymous No.49993386]

>>49980745
digital petro ruble-yuan backed by gold for the east
digital petrodollar backed by silver for the west
it has begun

[Anonymous No.49993498]

>>49986438
Wasnt gold $35 like 50 years ago?

[Anonymous No.49993556]

>>49980660
>Still not happening? Let's double down some more!

That’s big daddy government at its finest. Always has to do shit even if the effects are worse than the causes.

[Anonymous No.49993567]

>>49993386
This screencap always gives me a whirlwind of emotions every time I see it

[Anonymous No.49993570]

>>49980516
>gold -3%

Why even bother?

[Anonymous No.49993572]

>>49980516
biden takes showers with his daughter

[Anonymous No.49993615]

It will get laundered through Switzerland. NBD.

>> Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May

https://www.reuters.com/markets/europe/switzerland-imported-russian-gold-may-first-time-since-ukraine-attack-2022-06-21/

[Anonymous No.49994366]

>>49980516
thank you president biden, we can't stop winning. cornpop needs more credit, everything bad in the economy is due to putin's price hike, the economy was STELLAR before rootin' putin invaded Ukraine on 2/24

[Anonymous No.49994491]

>>49982583
No one wants Bitcoin because it is worthless.

[Anonymous No.49994535]

>>49980524
It literally wont change anything. In the facts, Russians' gold producers/distributors have been banned from the (((LBMA))) since early April, making it impossible for them to sell to "unfriendly" nations. It's basically the EU + anglosphere gold marketplace who is closed to Russia since few months.

It's only making it harder for us, as always when it comes to jewish sanctions. But the price didn't move by an inch back then, so there is no reason it moves now, beside maybe a bit of FOMO from clueless normies. And it's not like russian gold is a different color or smell weird, gold is gold. Nobody can tell where does it come from, that's the entire point of complete fungibility with true money. Now we buy it from India who just bought it from Russia, instead of simply buying from Russia, and pretend we stick it to Putler.

[Anonymous No.49994670]

>>49980516
GOLD IS GOING TO BE ILLEGAL TO HOLD AGAIN!!

I KNEW IT, I FUCKING KNEW IT!!!!!!

[Anonymous No.49994801]

>>49986306
based. imagine being a tranny and thinking that you're threatening to Russians

[Anonymous No.49995326]

>>49994535
The only people this makes it harder for are, as usual, the masses. I can no longer log on to my computer and buy gold from a dealer in Russia due to limited resources to access said gold. Anyone above pleb level will have no problem.
This didn't deny Russia money or deny elites and countries gold. All it did was deny plebs gold. Bullish af.

[Anonymous No.49995646]

>>49994535
>Now we buy it from India who just bought it from Russia, instead of simply buying from Russia, and pretend we stick it to Putler.
if this is what happens then the price of gold must go up

[Anonymous No.49995692]

>>49995646
Why? Russia is selling a lot of their resources at below market value. The buyers then sell at market value

[Anonymous No.49996314]

>>49983272
its fine just let them shitpost on their echochamber of a board. the most valuable thing i ever got from that place was the ability to move on from it if i had of done it sooner i would have already made it by now. goldniggers have already checked out of the system their opinion is discarded

[Anonymous No.49996470]

>>49986644
Sound, honest to G_d money at a time of maximum distrust in fiat system.

[Anonymous No.49996847]

>>49986644
It does inflate like pure monopoly money is right now

[Anonymous No.49997663]

>>49980516
AHAHAAHA PALLADIUM AND NICKEL PUMPED HARDER. Probably because the economy fears after gold ban there will be a ban on actually useful metals.

[Anonymous No.49998061]

>>49983820
lol no

btc arranges all actors in the global economy >>>> that fiat or gold, as supply cannot be potically chaged taxed, inflated, siezed. Thats what fiat and gold do except in a grug fashion

lurk moar

[Anonymous No.49998086]

>>49986202
lol how?

make keys on old 300$ linux airgaped machine. back up to multiple usb that never touch the internet.

use signed qr codes only to tranfer data.
Your private keys are never exposed.

hell you can even do this with an airgapped mobile phone once set up with the software you need

[Anonymous No.49998146]

buy GDXJ right now, just fucking do it and thank me later

[Anonymous No.49998879]

>>49993567
me too anon
i think it would be a fun timeline to manifest

[Anonymous No.49998904]

>>49980516
>supply down
>price down
Wat. Bullish af.

[Anonymous No.49998917]

>>49980660
Shut up, its working chud. Slava Ukraine!
#itsworthit

[Anonymous No.49999431]

>>49981862
Fuck off clown

[Anonymous No.49999514]

just checked what the G7 was, and China and India aren't members lol. This means nothing.

[Anonymous No.49999813]

>>49980660
the good thing is, once you work out they're retarded you also figure out ways to capitalise on their retardation. like, buy whatever they sanction, they sanction gold, buy gold. they sanction the ruble, buy rubles, etc.

[Anonymous No.50000762]

>>49986438
gold went 4x in 20 years, I made it from link and ive got 5% networth in PMs as a hedge mostly gold and some silver I also have hedged with xrp because if any of those even have a small chance of becoming apart of some kind of global backed decentralised central bank coin and the schitzos are right including the quantum financial system crowd I want to be on that train bc it would be the payoff of 10,000 years

[Anonymous No.50000788]

>>49986438
overlay the s&p500 against gold for 2021/2022, show us what the chart says

[Anonymous No.50000859]

>>49980516
We, the G7 are in complete agreement. Everything is completely under control.

[Anonymous No.50000904]

>>49986438
>>50000788
actually here you go, the s&p has given back basically all its gains in the past 2 years and the rate hikes have just gotten started, notice the most recent candles on the s&p getting JUSTed, that's when rate hikes actually kicked in.
only down from here.

[Anonymous No.50001283]

what exactly is "russian gold"?
as far as i know there is only one type of gold

[Anonymous No.50001299]

>>49980516
The only people suffering are non millionaires from California to Moscow

[Anonymous No.50001852]

>>49999514
no shit retard, everything gee7 does look fucking pathetic because they act like there are no other forces exist on Earth.

[Anonymous No.50001902]

>>49980524
Russia will sell its gold for 30% discount to India

[Anonymous No.50002048]

>1 post by this ID
bait
>he actually comfily holds api3 and is trolling shiny boomer metal holders
based OP

[Anonymous No.50002194]

>>49980516
so Russia now has to sell its gold to India or China who will sell it back to us. I still can't quite believe how retarded those "people" are.

[Anonymous No.50002322]

>>49987958
Most of the gold imported into the US is bought by private bullion dealers and is sold directly to US consumers and never even touches government possession.

However the US mint does buy gold bullion to make American Gold Eagles with so if they wanted to secretly increase government gold reserves they could theoretically start to siphon off 10% of the gold the US mint buys without being too noticable.

[Anonymous No.50002707]

>>50001902
LOL. Why is this board full of such a large % of utter retards?

Crypto was a liquidity sink. ARKK same. QQQ Same. Housing the same. The fed has pumped their favored assets for years.

None of you will own enough metals because you lack the patience, foresight and balls to make the correct play.

Brics will back their currencies with gold and other commodities. US will use silver to back ours and force Canada and other pussy allies to do the same.

Fucking retarded tranny crypto cuck semen chugging faggots.

[Anonymous No.50002758]

>>50002707
There would be massive wars, before any of this ever happened. People will be wiped out (financially), and a large majority of PM holders will likely be amongst them.
When it comes down to eating, or keeping metals; you'll choose eating.
>inb4 youre supposed to be a self sustaining farmer, with a wheat field wife and 5 kids
Lol.
t. been in /pmg/ threads since mid-2019

[Anonymous No.50002783]

>>49980516
what if russia just melts it down into a different shape and sells it? It is still gold and we don't know where it come from....

[Anonymous No.50002884]

>>50002758
FALSE RETARD. We have had multiple currency reserve resets throughout history without reverting to mad max.

YOU ARE A FAGGOT who wants to continue sucking the fed tit on fake assets. YOU will not survive and metal chads will have their way with you wife/girlfriend/mother/daughter.

Come to grips with reality. Repent. Stop sucking cock and buy physical.

[Anonymous No.50002914]

>>50002758
ALSO WERE IN A MASSIVE WAR. NATO is marshaling troops. China circling Taiwan. Russia winning in Ukraine.

Wake up faggot.

[Anonymous No.50002968]

>>49980516
Let me get this simple for you - Russian Federation has the biggest amount of natural resources in the World.
It's also the largest country in the World.
We also barely produce anything and all the money flows especially right now because of the export.
Now think about, what are you doing by "banning" our export?
That's right, you're banning YOURSELF from buying shit from us which bumps up the price on the market so we can actually sell it to other countries with discount AND still make more than before. So what about you, you still need these resources? That's right, you're going to pay extra for them now, because you banned yourself.

[Anonymous No.50002988]

>>50002968
biden is sabotaging the USA, as he has been doing his entire time
i don't understand the motives but that's what's been happening

[Anonymous No.50003026]

>>50002988
wrong, he's killing the World.

[Anonymous No.50003071]

>>49980570
theres nothing stopping them from doing that its just illegal. If they get caught theres a penalty if they don't they don't get one.

[Anonymous No.50003117]

>>50002758
proof that posting in /pmg/ doesn't make you smart i guess

[Anonymous No.50003130]

>>49980516
all the gold that got 'lost' last thousands of years magically shows up somewhere and its all for the rothchild family. what happens to gold is that is crashes and u lose ur money, they will do it to fiat money too. so what do you do ? you fomo into crypto, OH FUCK the new werld eurdor dont want my coin? fack, u fucked again. finaly you buy into the social credit coin they want you to have with all the slavery and fear with it. AH FUCK HOW DID WE GET HERE AHHHHH!

[Anonymous No.50003315]

Australia, Canada, South Africa all mine enough gold annually for western (zog controlled) needs. Russian gold not needed. Where Russia is critical to world supply chains are in the rare earths elements. For some of these Russia has virtual monopolies. And where they don't China usually has the remainder under supply control.

[Anonymous No.50003363]

>>49980516
>Severely reducing supply of gold to western countries is bad for the price
lol wat
this is bullish because, like all issues in the last 6 months, they will blame lack of gold affordability/availability on BAD RUSSIAN HECKIN PUTINRINO as retail gets destroyed and priced out, again

[Anonymous No.50003463]

>>49980516
Its over for Dollar Bros more like, this scenario was Wargamed before and it resulted in the collapse of the Dollar.

[Anonymous No.50003465]

>>49983272
You idiots never learn. When you kill /pol/ with bot flooding and trannie jannies, /pol/ will flood all the other boards. Same shit happened when moot chimped out before becoming Google's bitch.

[Anonymous No.50003553]

>>50003463
>this scenario was Wargamed before and it resulted in the collapse of the Dollar.
where can i read more about this anon

[Anonymous No.50003559]

>>50003363
south africa is BRICS asset

[Anonymous No.50003584]

>>49989131
idk bro I just like how it looks.

[Anonymous No.50004130]

>>50003553
https://www.wsws.org/en/articles/2009/04/game-a13.html

[Anonymous No.50004862]

>>49980516
Explain how this isn't good for goldbugs. I'll wait.

[Anonymous No.50005915]

>>49989528
Half the people you're quoting are saying they're NOT bullish for gold. Reading comprehension is hard for reddit normies.

[Anonymous No.50006174]

>>49991642
>electing

[Anonymous No.50006317]

>>49981239
Correct
>>/biz/thread/S15819837

[Anonymous No.50008541]

>>50004862
>Explain how this isn't good for goldbugs. I'll wait.

I'll help, Anon

The ban is on "new" gold, which is complete nonsense because gold is fungible

>hey, you didn't mine this gold recently, did you?
>of course not comrade capitalist
>oh ok here's your money
OR
>hey turkey, sell this gold for me and I'll give you 0.5%
>ok

That's why the gold market's response to this Tough New Sanction is "lol"

[Anonymous No.50008544]

>>49980516
This is actually bullish.

[Anonymous No.50009201]

>>49980745
This is a Seinfeld scheme.

[Anonymous No.50009715]

>>49981198
>fed vs states
Understanding that the feds are just an arm of the globalists. Western civilization depends on Republicans taking back their country. I'm praying for the burgers.

[Anonymous No.50010023]

*Wants to economically cripple Russia*

>Cuts off their oil, pumps price of oil, Russia makes money
>Cuts off trade, Russia only takes payment in Ruble now, Ruble gets stronger
>Cuts off Russian Gold

Now Russia has kept their gold strengthening their Ruble, US looks absolutely pathetic and we have to put up with it because the next man up is some cackling childless whore.

[Anonymous No.50010040]

>>49992496
Did you live under a rock through the whole last decade and more ?

[Anonymous No.50010961]

>>50009715
>Western civilization depends on Republicans taking back their country.
Lmao. Lol.

>I'm praying for the burgers.
Same, I'm praying they're destroyed.

[Anonymous No.50011011]

>>49980516
>exporting gold in exchange for foreign fiat in the first place