If audit the gold there are more than what other expected, maybe will happen If audit the gold there less than expected or worse "kosong", USD will have nothing to stand on... Don't think higher up in command will let it happen
I don't think they said anything that would put them at a disadvantage. Even if it's not there, they wouldn't mention it. My guess is they'll claim it's there, reevaluate it out of nothing, and show paper gains to cover up whatever they want to do.
This post has been edited by killertcb007: Feb 19 2025, 05:30 PM
i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
Just my opinion but physical silver premiums are on the high side.
i'm just curious everyone talking about gold vs inflation and central bank buying gold etc... but i see the silver price is going up high too. any comment on silver demand?
20.02.25 2941 419.50 4.438 (fed rate cuts dim with tariff concerns; $ strengthen; gold new record $2945/oz, RM420.20/g) 15.02.25 2882 411.00 4.435 (profit taking, beginning of the end of ukraine war; gold had new high $2942/oz on 11.02.25) 11.02.25 2919 419.60 4.458 (new trump tariffs on steel, aluminum; gold new high $2921/oz, RM419.8/g) 05.02.25 2842 406.16 4.444 (china retaliates with 15% tariff on select US imports; gold price new record high $2845/oz; DXY slumps) 04.02.25 2817 403.70 4.456 (gold price hit new record high $2830/oz, RM407/g; tariffs on mexico, canada paused 1mth) 21.01.25 2722 392.00 4.477 (Trump2.0 inauguration, markets bracing for tariffs, bond yields falling, $ weakens) 16.01.25 2699 390.00 4.495 (US lower than expected inflation data spurs rate cut hopes again) 10.01.25 2670 386.00 4.495 ("trump" inflation fears; china central bank continues buying bullion; incr in gold ETFs buying) 19.12.24 2603 376.90 4.503 (fed rate cut 25bps, signals slow down in 2025 cuts; DXY 108.1; carnage in disappointed equity markets) 12.12.24 2724 388.00 4.430 (fed almost sure to cut rate on 18 dec, ECB expected to do same; china loosening monetary policy) 08.11.24 2700 380.80 4.385 (fed rate cut 25bps) 07.11.24 2662 378.62 4.422 (trump win aftermath)
Breakthru required at 2950 to go higher.
This post has been edited by AVFAN: Feb 20 2025, 09:12 AM
Something extraordinary is taking place in the physical gold market, which is experiencing unprecedented stress with massive outflows form the London Bullion Market Association (LBMA) to US vaults and an increasing number of countries are repatriating their gold reserves.
Since November 2024, more than 12.5 million ounces of gold and 40 million ounces of silver have moved from London into the US COMEX system, emphasizing that the sheer scale of these transfers suggests a deeper shift in global monetary policy.
JP Morgan is set to deliver $4 Billion worth of gold into COMEX for the February contract - questioning which entities are acquiring such vast quantities of gold. Why the massive increase in demand, and who is buying it, and why are so many countries repatriating their gold?
In China, several major banks have reported selling out of their gold products due to surging demand, while in South Korea, the countries mint has temporarily suspended sales of gold bars, sighting market tightness. Also, 16 tonnes of gold have recently been removed from GLD, the world's largest gold exchange traded fund (ETF). This could indicate large institutional players redeeming their shares for physical metal - a move that could signal growing distrust in the paper market.
We all know that the paper gold market is heavily leveraged - in this environment what are the possibilities of running out of physical metal and what would be the ramifications if this were to happen?
Andy Schectman from Miles Franklin said, "I have a feeling something big is happening and I will tell you in 35 years, I've never since anything like what is happening right now".
The global economy reached a tipping point in 2008, but the effects are only now becoming apparent. Monetary velocity has spiked, indicating the start of hyperinflation. The US is kicking off 2025 with more than $36 trillion in debt, contributing to the stretched economy. The Federal Reserve and other Central Banks are adding to the problem by buying the debt, thereby printing more money. This situation leaves little option other than hyperinflation. Is it inevitable that we are going into a hyperinflationary depression?
This post has been edited by prophetjul: Feb 23 2025, 08:18 AM
many recent comments from the gurus highlight the increasing risks of paper gold as they r highly leveraged about 20:1.
what wud actually happen if one of the major players collapse?
wud u still get yr money back from Maybank, OUG, Bursa, ETFs??
QUOTE
But this giant Ponzi scheme is coming to an end as more wealthy nations and individuals wake up to the truth – the self-proclaimed LBMA emperor has no clothes. There isn’t enough gold to back up even a fraction of the paper promises and the run on physical gold has begun. https://www.bullionstar.com/blogs/bullionst...or-bullionstar/
or is all this just another conspiracy theory to create volatility to frighten u?
still, the scenario for hyperinflationary depression" is real.
perhaps one day, we'll wake up to find no common white rice in the stores or sold at RM20 a kg.
.. "trump/musk fort knox audit by May 2025..." .. "compliance with basel 3 as tier one asset 1 July 2025..." .. "non physical trades... need to do full buyback at market price..." .. "potential revaluation... $3500, 4000, 5000..."
any expert, kindly comment!
This post has been edited by AVFAN: Feb 23 2025, 07:20 PM