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33,131 Posts.

1404

25/07/21

14:26

Post #: 54755514
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Originally posted by 23skidoo: ↑

discursive you clearly have no idea how gold fits into the international monetary system. Buffet probably does, but he makes his money in the paper markets, so he isn't the right person to take heed of regarding gold!
The American elite have long known that gold is "world money" and the only monetary threat to the dollar, which was tied to gold until 1971.
The Eastern world and Europe have always known the gold is the only monetary hedge against depreciating paper currencies.
In recent years, central banks have been physical gold buyers, not sellers. How does that square with Buffet's pet rock theory, which you seem to agree with?
China is working to take the gold price fixing away from London. that's not me guessing, that's straight from an announcement on July 9 this year, on the Shanghai Gold Exchange website.
So watch and learn. Events are now moving fast. Or if you are truly smart, you will pick up an ounce or two. you may think its expensive now, but you will be proved wrong.
23.

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In recent years, central banks have been physical gold buyers, not sellers. How does that square with Buffet's pet rock theory, which you seem to agree with?
====================
Wrong.....again!
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