End of the Dollar Coming – Central Banks Buy Gold (Fastest Pace In 55 yrs)
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Sources:
1. https://www.zerohedge.com/markets/central-banks-are-quietly-buying-gold-fastest-pace-55-years
2. https://www.arabnews.com/node/2127586
3. https://www.reuters.com/markets/asia/turkeys-inflation-hits-24-year-high-855-after-rate-cuts-2022-11-03/
By Blog:
1. https://www.cashnow.video/blog
Central Banks all over the world are quietly buying tons and tons of gold.WGC says among the largest buyers were the central banks of Turkey, Uzbekistan, Qatar and India, though other central banks also bought a substantial amount of gold but did not publicly report their purchases. The Central Bank of Turkey remains the largest reported gold buyer this year, adding 31 tonnes in Q3 to bring its total gold reserves to 489 tonnes. The Central Bank of Uzbekistan bought another 26 tonnes; the Qatar Central Bank bought 15 tonnes; the Reserve Bank of India added 17 tonnes during the quarter, pushing its gold reserves to 785 tonnes.
We look at what is happening in America for a second and we will see that the debt levels carried by the average American families are not sustainable and the wealth that is perceived is simply an illusion. When interest rates continue to rise we will see businesses collapse at record levels and we will see more defaults coming in both the housing market, auto market, credit market and more.
We will likely see a liquidation of stocks, real estate and more. I believe that we are witnessing the end of the dollar as we see central banks buying endless gold and more and more countries move in a direction to end the dollar and to move into a basket of reserve currencies. This will be very bad for the everyday American family.
What do you think will happen in the coming decade as we move into this world of uncertainty?
#brics2022 #dollarcollapse #gold
31 Comments
Disastrous situation building in America and for the dollar.. Central banks are buying gold at the fastest pace in 55 years and more and more countries to join Brics, which their intent is to remove us entirely as the sole reserve currency.. Stanley Druckenmiller (famous billionaire who almost broke the Bank of England 20 years ago w/George Soros said in the next 8 years the dollar will no longer be the reserve currency if he had to bet.. what do you think about this situation?
Like 2 year ago land with all utilities was like $15,000. In riverside California. I fuck up and bought my land with all utilities and rv in place for $45,000 I fuck up. 😔. And land there with all utilities now price is 45k to 50k with all utilities. And is not never gana go down from there because now the city if u want water installed is $14k if u do the math is komea out to 40k to 50k. So wat I want to do is put a manufacturerd home with permanent foundation and sell it for cheap because those r three prices like $250k and under and I'm gana sell f sure because those t the real price $
It is true that gold only maintains wealth it does not increase it. That's why you don't hold more than 10% of your wealth in gold. I see it as a form of insurance, a last resort.
Great Video.
central banks are the biggest scam on mankind. they buy real gold with worthless paper they print as much as they want. total fucking scam
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Just an fyi you’ve been saying the same nonsense for years now. Your not right when you say the same tin foil radical nonsense over and over.
World debt will never be paid back. They have no intentions of paying the debt either. The goal is to crash the world economy to usher in the digital currency and unless its backed by gold, is just another Ponzi scheme. Sort of like what we have, but without cash. Sadly, civil war coming to Merica 😔
BRICS stands for Brazil Russia India China South Africa. There are no Turkey, Uzbekistan and Qatar in that organization.
BRICS can't grow with the BABY BUST in China and Russia.
They are investing in everything CATHOLIC- because "people are the gold".
2008 nobody saw the housing collapse coning, and millions got burned. 2022 everyone with a YouTube channel, realtor license is calling for a collapse, yah see the irony here ? they were WRONG in 2008 and can possibly be WRONG AGAIN in 2022 ???? yah yah yah, I know, "it's different this time" lol
The biggest new demand for physical Gold in the uk is from the financial industry…if that’s not the canary in the coal mine I don’t know what is!
Venezuela has an inflation of 3000000% YES, you read right 3 million percent.
Physical Gold is insurance…a gold etf is a promise that you will never receive
<<<The wisest thing that should be on every once’s mind currently should be invest indifferent streams of income that don’t depend on the govt. Especially with the current economic crisis around the world this is still a good time to invest in Gold, silver and digital currencies (BTC, ETH….)
gold is still a good buy in my opinion.
What was that gold mining stock you mentioned in video a few weeks back? Thanks
If the rates go higher, markets will go lower. If the markets go lower, the tax revenue will go lower. If the tax revenue goes lower, how is the Treasury finance all this stuff while paying even higher interest on their debt when the FED no longer monetizes their debt?
Can you make a video about gold stocks, too? One of them has gone up 20% today.
In Turkey everybody buys gold, as much as they can.
During the Great Depression, only gold stocks went up & increased their dividends while everything else tanked.
There are small safes everywhere in which you can store your gold at home & include them in your home-owners insurance.
id be safe and warm, if i was in San Diego
"You must expect great things of yourself before you can do them." _Michael Jordan
"What would you do if you weren't afraid." _Spencer Johnson
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With Bolsonaro out as President of Brazil and the new President is a “puppet” of the CIA (U.S.)….how will this affect BRICS policies and Unity against the West??
I came for the awesome starwars soundtrack…
I left feeling cheated and stupid by a man who went out of his way to play on his name. Lol bravo.
You know, people could just stop paying back credit debt.
Everyone does that, then what are the lenders going to do? Can't crucify everyone.
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