Ann: Ceasing to be a substantial holder, page-13

G`Day GoldInvestunite,

Thanks for your post, this post by me does not constitute financial advice and anyone who reads my posts would be complete idiots to believe anything I write.

Yes the west is bankrupt.

https://mises.org/wire/why-fed-bankrupt-and-why-means-more-inflation

https://www.reuters.com/world/asia-pacific/australias-central-bank-has-equity-wiped-out-by-billions-bond-losses-2022-09-21/

I find your narrative naive and perhaps I can kindly direct you to Alisdair Mcleod of Gold Money.
https://www.goldmoney.com/research

The west has no manufacturing base and is totally reliant on China, India etc.

The fiat currency system is coming to an end, the brics have been buying gold for years and will bring out a new currency backed by gold or perhaps a combination of commodities in the near future..

The west have sold all their gold, Canada has no gold, Australia sold most of their gold although the sovereign wealth fund have just started buying.

https://www.reuters.com/markets/australias-sovereign-wealth-fund-buys-gold-commodities-shadow-1970s-looms-2022-12-19/

You are wrong, there is plenty of gold in the world, it is just a matter of price. Therin lies the opportunity for the transfer of wealth from fiat to hard assets should our governments allow.

I`m betting on gold and silver and their shares.