Gold Price Scandal: Unmasking the Cartel Controlling Your Wealth. Celebrating Comex Collapse. Gold at $27,000
Jim Rickards, Luke Gromen, Jon Little averages. LMFAO viewing Comex Memes starring in the "this is fine" dog engulfed in flames.
We’ve reported and document Vis-à-vis 15 news articles differences between CRIMEX Comex and the Shanghai exchange.
At CRIMEX errr Comex, a year's worth of mining can occur in just 1 trading day. In contrast, at the Shanghai exchange, physical metal must be deposited before trading. Buyers must be present for delivery, demonstrating a commitment to serious investment rather than market manipulation.
The CRIMEX practice of placing sell orders without taking possession creates the illusion of a sell-off in gold and silver. Profits are made through naked short trades, spoofs, and other questionable practices, with minimal consequences for bankers. Bankers pay regulators to change the rules but the game is coming to an end because the cheaters have been caught red handed.
The World Needs to Wake up to the Fact that China Mostly Sets the Price of Gold
Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold.
Lassonde continued, “China takes up over two-thirds of all the annual production and that's where the gold price is set.”
Gold’s axis is moving to the East (i.e. China )
The marginal buyer of Gold is no longer the U.S. It’s no longer Europe. It’s China…
China takes up over two-thirds of all the annual production.
The World needs to “wake up to the fact that’s [China] where the gold price is set.”
Now with the Shanghai Gold Exchanges magnetic pull and understandings uttered by Lassonde and Giustra explaining it to Fiat apologists; an Arbitrage spread coupled with the influence of ethical gold trading reforms may drive gold prices to $27,000 in the next three years. The US is not just going to sit back and hand over the keys to its Luxurious Global Reserve Currency Car titled “Le Exorbitant Privilege”
The potential for Gold to reach price levels of $20,000 to $27,000 per ounce stems from the fundamentals of using Gold as a financial asset to address the US national debt, which is approaching $35 trillion.
Despite Trump's legal challenges, his last two months have been miracle offerings (Biden's Debate Dementia + Failed Assassination and Trump's loss of his "Orange Man Spoiled Brat" Rep and being handed "Folk Hero Hubris." His campaign can leverage an ability to deliver some resistance to an unstoppable BRICS++, mBridge (The Unit), who has outfoxed SWiFT.
Precious Metals enthusiasts emerge as the clear winners because now, whether it's BRICS or the US (under Judy Shelton), Gold is smack dab in the monetary mix. In contrast, just two years ago, neither gold hat was thrown into the proverbial ring. Gold has a way of showing up uninvited; it does so when things run amok.
The World realized that the US did indeed shoot itself in the foot as sanctions sounded warning shots to witnesses wondering and fearing "they could be next." on the arbitrary chopping block. The Deep State's failed attempts to stop Trump, (first in court, then with a bullet bypassing Trump's brain) gave the populist Trump monstrous momentum like superpowers as he resurrected from the dead.
Meanwhile, his transition team and advisors are turning to social media to echo and floated out a gold-backed mandate, glorious and golden music to the ears of citizens who felt there was no way out of the nightmare dream doom lop.
This solution to the US debt crisis is a powerful prevailing tailwind. Months ago, he was branded the 34 X felon, but that's off his scorecard, and it's like his once vulnerable, rickety sailboat has transformed into a swift ship that can't be stopped through 2024.
He just may feel inclined to honor his mandate to fix the Fed.
This year it’s “Take America Back” [to a gold standard]
His mantra has changed; His 2016 "Build the Wall and Mexico pay for it" refrain replaced and could be, " Fix the Fed and Gold will pay for it."
Reform and Best Practices
This policy is designed to identify serious investors and deter market manipulation.
The practice of placing sell orders without taking possession at CRIMEX is the only explanation for dips in Gold pricing
Smart Countries (BRICS ++) and smart investors alike are gobbling up Gold at these historically low prices
GenZ has figured it out and TikTok, YouTube and Reddit are fueling this buying syndicate (Now you know why Congress wants to ban TikTok right?)
can create the false impression of a sell-off in gold and silver. Profits are
A common sense monetary policy is gaining strength and posits that by looking at solving debt crisis with Gold is the best practice. Debt divided by US Gold reserves we arrive at these gold prices with 5th grade math.
The scenario envisions a shift in monetary policy, potentially under the guidance of someone like Judy Shelton, who has been favored by former President Trump for a Federal Reserve role.
This approach would involve issuing gold-backed US Treasury bonds, effectively returning to a form of gold standard.
Such a move would not only aim to solve the US debt crisis but also position the country to compete with the BRICS nations' efforts to create a gold-backed cross-border payment system, known as mBridge.
This competition would shore up the global debt crisis by offering a more stable, gold-backed alternative to current fiat currency systems.
While speculative, this scenario underscores the ongoing debate about the role of gold in the modern monetary system and its potential to address global economic challenge.
Michael Oliver substantiates our findings that Silver historically ranges between 1.0 and 6.0 % of Golds price.
If Silver worth comes in at modest 2.5% of gold’s value in a bull market?
Luke Gromen, a prominent economic analyst, has projected that gold could reach $20,000 per ounce. His thesis is rooted in the idea that the U.S. could address its staggering $35 trillion national debt by revaluing its gold reserves.
Luke Gromen shares the JD Vance theory on rustbelt (Gromen from Cleveland)
Jon Little (from Pittsburgh) has written extensively about explosion of housing prices in Cleveland, Pittsburgh, St Louis (Little cites the strength of Carnegie Mellon, Pitt, Duquesne University, and 4 other institutions attracting R&D money from Robotics and AI and the Rust Belt thesis. This thesis hinges on devaluing the US dollar to make US products cheaper for export improving trade imbalances created from globalization and hollowing out US manufacturing.
By dividing the national debt by the gold held by the U.S. Treasury or Federal Reserve, Gromen suggests that gold prices could soar to these unprecedented levels. This revaluation could enable the issuance of gold-backed U.S. Treasury bonds, providing a robust alternative to fiat currencies and potentially stabilizing the global economy amid rising competition from BRICS' gold-backed mBridge cross-border payment system
In this table, the silver prices are calculated as 2.5% of the corresponding gold price predictions.
The gold price predictions are attributed to Luke Gromen ($20,000), Jon Forrest Little ($25,000), and Jim Rickards ($27,000).
Luke Gromen's projection:
Silver: 1700% growth = 18x (correct)
Gold: 742% growth = 8.42x (rounded to 8.4x, correct)
Jon Forrest Little's projection:
Silver: 2151% growth = 22.51x (rounded to 22.5x, correct)
Gold: 952% growth = 10.52x (rounded to 10.5x, correct)
Jim Rickards' projection:
Silver: 2330% growth = 24.3x (correct)
Gold: 1037% growth = 11.37x (rounded to 11.4x, correct)
It's important to note that these are speculative predictions and not current market prices. The actual relationship between gold and silver prices can vary significantly based on various economic factors and market conditions.
Gold: Nature's Miracle Metal
Gold, the element with the symbol Au (from the Latin "aurum," meaning "shining dawn"), and atomic number 79, is one of the most fascinating and versatile metals on Earth. Its allure has captivated humanity for millennia, driving exploration, conquest, and innovation. But beyond its intrinsic value and historical significance, gold's unique properties make it indispensable in various modern applications.
The Splendor of Gold
Gold's most striking characteristic is its unparalleled malleability and ductility. A single gram of gold can be beaten into a sheet measuring one square meter, and an ounce can be stretched to cover an astonishing 300 square feet. This property is not just a scientific curiosity but a practical marvel. Gold leaf, for instance, has been used for centuries to adorn palaces, domes, and other architectural wonders, creating a shimmering, opulent effect that is both timeless and breathtaking.
Imagine the grandeur of a palace dome, covered in gold leaf, reflecting the sunlight in a dazzling display of wealth and power. This is not just a decorative choice but a testament to gold's unique ability to be hammered into ultra-thin sheets without breaking. The process of creating gold leaf involves repeatedly beating gold into thin sheets, a technique that has remained largely unchanged since ancient times. The result is a material so thin that it becomes translucent, allowing light to pass through and giving it a distinctive greenish-blue hue due to gold's strong reflection of yellow and red light.
Gold's Chemical and Physical Properties
Gold is a trivalent and univalent transition metal, known for its resistance to oxidative corrosion. It does not react with most chemicals, making it an ideal material for use in electronics and dentistry. Gold is also a good conductor of heat and electricity, further enhancing its utility in modern technology. Its resistance to tarnish and corrosion ensures that gold remains lustrous and untarnished over time, making it a preferred choice for jewelry and coins.
Chemically, gold is attacked only by a few substances, such as chlorine, fluorine, aqua regia, and cyanide. It dissolves in mercury to form amalgam alloys but remains insoluble in nitric acid, a property that has historically been used to test for the presence of gold in items—a method known as the "acid test."
Gold in Modern Applications
Building on our understanding of gold's remarkable properties, recent findings from the Department of Energy's National Accelerator Laboratory reveal an astonishing new application for this miracle metal in space exploration and defense.
Gold, already prized for its malleability and resistance to corrosion, has now been proven to possess an extraordinary ability to withstand laser attacks. This discovery has profound implications for the future of space exploration and the protection of valuable orbital assets.
Imagine a space station, a multi-billion dollar marvel of human engineering, orbiting Earth.
Now picture it clad in a gossamer-thin layer of gold, shimmering like a celestial jewel against the backdrop of space. This isn't just for aesthetics – it's a cutting-edge defensive measure against one of the most formidable weapons in the space warfare arsenal: lasers.
The concept is as brilliant as it is cost-effective. A relatively small investment in gold cladding could provide an invaluable shield for these orbital behemoths. The gold coating, potentially (just atoms thin), would act as a formidable barrier against laser attacks, effectively turning these space stations into impenetrable fortresses.
Here's where the science gets truly fascinating. When subjected to laser fire, gold doesn't just resist – it gets stronger. This counterintuitive property means that repeated laser attacks would essentially reinforce the station's defenses rather than weaken them. It's as if the gold armor learns and adapts with each assault, becoming an increasingly formidable shield.
This gold-plating strategy isn't limited to space stations. Satellites and spacecraft, crucial for communication, navigation, and scientific research, could also benefit from this golden armor. As these assets traverse the increasingly contested realm of space, their gold cladding would ensure their survival against potential laser-based weapons.
The implications of this discovery extend beyond mere defense.
By significantly reducing the vulnerability of space assets to laser attacks, gold-plated orbital structures could reshape the dynamics of space strategy. It could potentially deter aggression in space, as the effectiveness of laser-based weapons would be dramatically reduced against gold-clad targets.
Moreover, this application of gold in space defense showcases the metal's versatility in ways our ancestors could never have imagined.
From adorning palaces on Earth to safeguarding humanity's outposts in space, gold continues to prove its worth as nature's miracle metal.
As we venture further into the space age, the role of gold is evolving from a symbol of wealth to a critical component of our cosmic defenses. It's a testament to the enduring value of this extraordinary element and a glimpse into the golden future of space exploration and security.
Gold's Quantum Leap: Superconductivity at Room Temperature
In a stunning discovery, scientists have demonstrated that gold can exhibit superconductivity at room temperature and ambient pressure.
This finding challenges our understanding of superconductivity and opens up a world of possibilities for technological advancements.
The key to this breakthrough lies in the creation of gold atom chains. When gold is manipulated into one-dimensional chains of atoms, it displays zero electrical resistance at room temperature.
This property, typically observed only in materials cooled to extremely low temperatures, could revolutionize energy transmission and storage.
Implications for Energy Efficiency
The potential applications of room-temperature superconducting gold are vast and transformative. Imagine power grids that transmit electricity without any loss, or electronic devices that operate with unprecedented efficiency.
This discovery could lead to significant advancements in energy conservation and sustainability.
Quantum Computing and Beyond
The superconducting properties of gold atom chains also have profound implications for quantum computing. These chains could serve as ideal qubits, the building blocks of quantum computers, potentially accelerating the development of this cutting-edge technology.
The Role of Atomic-Scale Engineering
This breakthrough highlights the importance of atomic-scale engineering in unlocking new material properties. By manipulating gold at the atomic level, scientists have revealed capabilities that were previously unimaginable.
This approach opens up new avenues for materials science and nanotechnology.
Future Research and Applications
While the creation of gold atom chains currently requires specialized laboratory conditions, this research paves the way for future innovations. Scientists are now exploring ways to stabilize these structures and scale up production, which could lead to practical applications in various fields.
This discovery adds another layer to gold's already impressive resume. From its unparalleled malleability that allows it to cover vast architectural spaces in gossamer-thin sheets, to its newly revealed quantum properties, gold continues to prove itself as nature's truly miraculous metal. As we delve deeper into the atomic realm, who knows what other secrets this ancient element may yet reveal?
In the industrial world, gold's applications are as diverse as they are critical. In electronics, gold's excellent conductivity and resistance to corrosion make it essential for reliable and long-lasting connections. Gold is used in connectors, switches, and relay contacts, ensuring that electronic devices function efficiently and without interruption.
In medicine, gold compounds, known as gold salts, have been used in treatments for conditions like rheumatoid arthritis. This application, known as chrysotherapy, leverages gold's anti-inflammatory properties. Research continues into the potential of gold compounds in treating other diseases, including cancer and malaria.
The Economic and Cultural Impact of Gold
Gold has historically been the basis for monetary systems, a role that has evolved but remains significant. The London Gold Fixing, for instance, is a procedure that sets the price of gold on the London market, influencing global gold prices. This process, which has been in place since 1919, underscores gold's enduring economic importance.
Culturally, gold has been a symbol of wealth, power, and divine favor. From the treasures of ancient Egypt to the gold-adorned temples of Asia, gold's allure is universal. Its use in art and decoration transcends cultures and epochs, symbolizing purity, prosperity, and beauty.
The Future of Gold
As technology advances, new applications for gold continue to emerge. In nanotechnology, gold nanoparticles are being explored for their unique optical, electronic, and molecular-recognition properties. These tiny particles have the potential to revolutionize fields like medicine, environmental science, and materials engineering.
In summary, gold is much more than a precious metal. It is a miracle of nature, a versatile and critical material that has shaped human history and continues to drive innovation. Its unique properties, from malleability to chemical stability, make it indispensable in a wide range of applications. Whether adorning the domes of palaces or enabling the latest technological advancements, gold's splendor and utility are unmatched, securing its place as one of the most remarkable elements on our planet.
Since this is a Silver Channel just remember Gold pulls it’s best friend, it’s little buddy (that’s also more rare below ground and above ground) Silver along
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SOURCES
Jon Little’s field notes on Gold (ductile, malleable, goldleaf, architectural, cladding space stations and lasers from laser attack)
https://goldseek.com/article/doe-national-accelerator-labs-prove-golds-resistance-laser-attacks-projecting-224-million
https://worldbuilding.stackexchange.com/questions/250140/can-lenses-defend-against-lasers-in-space-combat
https://www.nytimes.com/1985/06/22/us/laser-beam-hits-8-inch-target-in-space.html
https://tgstation13.org/wiki/Guide_to_Combat
https://metalsedge.com/a-new-prediction-from-jim-rickards-27000-oz-gold/
https://news.bitcoin.com/economist-jim-rickards-predicts-gold-price-exceeding-27000-says-its-not-a-guess-its-rigorous-analysis/
https://www.fxstreet.com/analysis/could-we-see-27-000-gold-202405161700
https://moneywise.com/investing/alternative-investments/investing-guru-jim-rickards-says-gold-will-hit-27000-an-ounce
https://www.linkedin.com/pulse/gold-price-predictions-next-5-years-experts-martin-vot%C3%A1pek-yhmwe
https://www.macrovoices.com/guest-content/list-guest-transcripts/4017-2021-01-14-transcript-of-the-podcast-interview-between-erik-townsend-and-luke-gromen/file
luke-gromen-rising-rates-are-no-longer-bad-for-gold/
https://goldsilver.com/blog/20000-gold-is-a-treasury-revaluation-possible/
ttps://metalsedge.com/a-new-prediction-from-jim-rickards-27000-oz-gold/