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Most of you are probably aware that many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold. That wasn’t true before that. Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s.
But the question comes up why are central banks buying gold? Because we know that they are printing paper money and telling everybody to use their paper money. But on the other hand, they are using that paper money to buy gold for themselves.
So, what are they planning on doing with all this gold that they’re buying? And could gold revaluation be a part of this long-term plan?
Timecodes
00:49 Why are Central Banks Buying Gold
00:49 Sponsor: Bullion Card
02:37 E.U. Has Gold Plan with Central Bank
06:46 European Central Banks Equalize Gold Reserves
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37 Comments
I know this is a sponsor and your well being, but these guys are pushing 17-24% variable APRs. These interest rates by lenders are predatory and stands against exactly what we as stackers are against; debt and high interest debt.
I like you, I like your channel, just not this sponsorship. Take my thumbs up anyway, but use this very carefully.
Will this impact silver, or will the artificial clamp stay?
So buy gold
Why do u have the boxing 🥊 ring in the videos I'm confused
I have 100 Acres of unpatented gold mining claims in Washington state, please increase the value, I can sell just like any other property 😉
Most people are familiar with the rosseta stone.
However most don't know what's actually written on it, it's a debt forgiveness, an elimination of the previous cycle of debt based money.
No, you won't find that answer on wiki.
Like all wars they buy it while it’s cheaper then they revalue the price of precious metals then the richer get richer. They know what’s coming ahead..
BRICS may force revaluation
The card is 18-28% no thanks.
CBDC means we are all doomed .
5:22 lol that will be very good, and should be happening, so that why gold aren't go up despite high demand
Love the video, but I will rebuttal one point. The idea that we live in a "free market" isn't accurate due to the FEDs control of monetary policy. While individuals may invest in different companies, inflationary conditions prevent competitive markets from oversaturating any aspect of the economy against the deficit. It's basically a monopoly in it's entirety.
The government already does this with flood insurance for places repeatedly flooded by hurricanes.
If China buys too much gold, it will become worthless.
We haven't had a meaningful Chapter 7 liquidation in over a dozen years. The BBB bonds are sitting at 3.5 trillion and Fitch, S&P and Moody's will not downgrade any of them to junk statis. Not good.
Wouldn't it blow your mind if the actually used gold with there CBDC to bring the world back to a gold standard… bet you would use there new more valuable currency then:-)
Brics countries are grabbing it up, likely since I doubt they will likely trust one another's fiat to replace the petro dollar
this is their plan, suck purchasing power out of the west and transfer it to the east. we will be left with worthless dollars the rest of the world doesn't want or need
Revaluation is the only way the BRIC nations can have a Gold backed currency…however western banks won't allow this…Hence Gold manipulation
gold , the asset that has become a stablecoin
The Bullion Cards different between the OneGold Card and AMPEX card but same card but different rewards. The Bullion card with OneGold has “The Bullion Card and VISA Signature” logo. The Bullion card with has “AMPEX” has logo brand and you get free membership into AMPEX CLUB MEMBERSHIP along the same rewards of OneGold. If toggled OneGold you will have to pay $65 for membership
I hope gold spikes to $50k per ounce.
Haha great ad, certainly don't want to violate greshums law
I disagree the west is behaving very strange – favouring the east over the west – they are taking their gains and heading east leaving the rest of us to flounder – remember they do not care about the west anymore – their actions show that
They revalue it to $35k no one is going to be rocking monster gold chains anymore!
gold have always been the decentralized currency. brics nations will come up with a new global currency that is fair to everyone. unlike right now only usa is getting the benefits. brics is almost half the world populations and will have more countries joining. gold 10x is not impossible.
Yes because I was there they told me
If the price of gold goes to 35,000 the dollar would be worth less if not worthless!
As a gold holder all I know is my patience has been tested and whatever happens I know I will be screwed over
😎
Hi Joe, if they did revalue gold significantly would it happen instantly without warning or incrementally over time.
Gold revaluation isn't reverting to a gold standard. is It? Nothing would happen if they revalued their Gold holdings from USD35 to USD1,800 but since they have been buying recently, it should be higher than the current spot price.
Who needs or wants gold if you have a cripto currency?!😂🤣🤣
The suggestion is that the US central bank is hoarding most of the gold, and this is what makes the US fiat currency ie usd so powerful because it is backed by the strongest country in the world and backed by the most gold held by its central bank.
Is that credit card avaliable in Australia?
BoC sitting at the meetings shitting their pants like 😳😰
they buy physical gold with toilet paper? nice business!🤑