G`day Goldinvestunite,"According to the World Gold Council at 31...

G`day Goldinvestunite,

"According to the World Gold Council at 31 December 2021 Central banks held 34,592 tonnes of gold."

https://moneyweek.com/investments/commodities/gold/603131/how-much-gold-does-china-own

https://www.sbcgold.com/blog/china-russia-own-how-much-gold/

Ronan Manly of Bullion Star questions the data published by the WGC.

https://www.bullionstar.com/blogs/ronan-manly/gold-establishment-supports-central-bank-secrecy-instead-of-exposing-it/

As I have stated, there is plenty of gold in the world to back currencies, it is just a matter of "price." Remember, we tend to think of gold as being priced in dollars, fiat currency if you like, this is the scam! The reverse is true, fiat currency is priced in gold, ie gold is always the same in terms of weight, it cannot be printed, it is fiat currency that fluctuates in value through the central banks extraordinary excessive money printing perhaps a bit like how companies print more shares to raise "money" which has the effect of diluting your investment and making it worth less, we all hate capital raisings right! Currencies/fiat are a medium of exchange, not money.

I can`t remember off hand, but to enable the US debt to be extinguished, gold would have to be priced somewhere north of $50,000 an ounce, that is assuming that the US still has their gold that the WGC data provides at being 8,133.5 tonnes. It should be said that the US gold stock has not been audited since 1953, considered opinion reckons it has all been spent in order to pay for it`s wars. Imagine if this were true! I suggest you read up on Bretton Woods and why Nixon closed the gold window in 1971.

As I`m sure you know, Gold is manipulated in terms of currency by limitless paper contracts printed on the comex in order to keep the gold price in fiat contained. The amount of contracts traded bares no relationship to the amount of physical gold available to give the appearance that gold is losing value or at least not appreciating substantially, It`s a scam and seems to be coming to an end, the comex is being emptied of physical metal which would seem to be unprecedented in recent times. You might want to follow this chap, he is on top of this issue.

https://twitter.com/DtDS_WSS

The value of the US dollar has lost more than 96% of its purchasing power since the creation of the Federal Reserve in 1913. The post below illustrates this point very well.

https://www.reddit.com/r/Wallstreetsilver/comments/10brhwe/the_only_thing_thats_holding_all_of_this_scam/

Perhaps you might like to read some articles by Zoltan Pozsar of Credit Suisse who seems to be making waves throughout the financial establishment with his research notes.

https://thedeepdive.ca/zoltan-pozsar-g7-investors-should-worry-about-gold-backed-renminbi-eclipsing-dollars-commodity-encumbrance/

https://thedeepdive.ca/zoltan-pozsar-gold-at-3600-is-not-improbable-if-us-refill-reserves-with-russian-oil/

Again, this post by me is of entertainment value and does not constitute financial advice and anyone who reads my posts would be complete idiots to believe anything I write.

Have a great weekend!

Kev