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@TrevorGoodchild Could be China and Russia doing things with gold now that weren't around back in the old days. Control isn't in the hands of the banksters as much as it used to be, which is why I cheer on anybody who smashes them.
BTW, this meme summed up it for me:
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@morgthorak @TrevorGoodchild China is a different set of bankers but still bankers. Gold isn't what people believe it is. It can facilitate barter and convert (at significant discount) agnosticly but at a trade level is too expensive and is an idle asset. Even on gold standard banks operated on iou's and whichever state held the most receivables earned the most interest and held the most leverage. China is a surplus not deficit country. Gold doesn't screw the banks like people think. Fake gold, sure it can and they all carry these hedges.
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@morgthorak Both the Russian and Chinese central banks are net buyers of gold, but Chinese retail is something to behold as well. There is a strong Eastern price floor that restricts how low gold can fall, because once it falls below a certain level Sino buyers step in and grab it hand over fist
No one truly knows the degree of China's gold reserves, but I strongly suspect it is far above their officially stated figures
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@TrevorGoodchild Good! Gold is money, everything else is credit (as what's his name once said).
It pleases me to no end that China is there to take advantage of the bankster scum. I despise them so I am happy they have adversaries that will take everything they have, the same way the banksters have taken everything from poor and working class people in this country.
Fuck you banksters, GO CHINA AND RUSSIA!!!!! 😂
Morgthorak the Undead
But it should have
Trevor Goodchild:verified::pondering_orb:
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