Future races of Man , a thousand years from now, will investigate, spend eons arguing about it, but ultimately they will conclude that in our age of Man, it was not the Large Hadron Collider, nor the conquering of space, nor landing on the moon, nor our technology, not our quantum computers, not SpaceX, not Starlink providing global coms, it was not our conquering diseases, nor mapping the stars, none of these great achievements will be counted.
Nope. They will conclude, rightly so, that the pinnacle of Western Civilization was reached with ranch dressing on pizza.
After that, it was downhill all the way.
@baldguymoney@fthegurus@Barchart I first heard you(bald guy) over 4 to 5 years ago. Im Still buying and still holding. Very grateful for your open and honest content.
83 of the world's 100 most polluted cities are in India
They want to send hundreds of millions of these people to our city’s and I support the ADL/UN plan to do it!
The West is bad!
Keep your hands off our gold
“In the rush to hoard stuff for a rainy day, there’s been scant discussion about the future of our existing mineral stockpile; the 80 tonnes of gold the Reserve Bank of Australia has sitting in vaults.
The rapid surge in gold prices means the value of the RBA’s gold has doubled in Australian dollar terms over the past two years and more than tripled over the past seven years.
Which makes it a great time to sell those 80 tonnes of gold for just over $18 billion of cash.
The analogy extends to physical capital; what’s the point of having a gold stockpile if you never sell it?”
•••••••••••••••
The AFR (no doubt acting as a proxy for Treasury) is arguing that Australia should sell its gold.
This is a very dangerous thing to do.
Some time in the future the U.S. dollar will stop being the world’s reserve currency and there will be reset of the monetary system.
It’s highly likely that when this happens the new currency will be backed by gold.
Those countries with the largest gold reserves will in the strongest financial position after reset.
Gold is an appreciating asset, unlike bonds which depreciate due to inflation.
That’s why central banks manipulate the gold price by artificially shorting it via paper contracts on the Comex to prevent individuals from accumulating it.
Let’s not forget the U.S. outlawed the possession of gold in 1932 to prop up the paper markets.
Articles like this remind us that the world’s financial system is on very shaky ground. Western government debt levels are unsustainable and the bond markets are on very shaky ground.
Gold has always been insurance against reckless government spending/borrowing.
Rather than sell our gold, the Australian government should be accumulating it.
Any attempt by central banks to take our gold needs to be stopped stone cold dead.
That includes bringing our gold back home, away from the clutches of the Bank of England.
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@HighAltitudeInv So let me understand your post. The chart on the left should look like the chart on the right? WTF kind of reasoning is that? Do you think is just happens?
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@Community_Sui This kind of engagement does look good for sui. At 185 views I see 2 likes. I wish all the best for sui. I am a long term holder and like the development path. Post about company achievements and real time targets. Im sure there are thousands interested.