You made it down!
Good Boy Good boy
Now we're going up to the EV thread ok. Ev Ev. I'll see you there Boy.
https://rmx.news/article/poland-now-has ... an-the-uk/Adam Glapiński, (No relation to AdamB) president of the National Bank of Poland, announced at a press conference on Thursday that “on behalf of all Poles,” the bank now has 420 tons of gold, making it part of the “exclusive club of the largest holders of gold reserves in the world,”
https://www.barrons.com/news/when-nato- ... a-37e4555dTwenty-five years ago, on March 24, 1999 NATO launched 11 weeks of air strikes on Yugoslavia to force it to end its bloody crackdown on separatists in Kosovo. It was the first time NATO had attacked a sovereign state in its 50-year history and remains a source of deep resentment both in Serbia, home of the former Yugoslav capital Belgrade, as well as in fellow Slavic ally Russia.
Camp Bondsteel is the operation headquarters of the Kosovo Force (KFOR) in Kosovo. It is located in southeastern Kosovo. It is the Regional Command-East headed by the United States Army (U.S. Army) and it is supported by troops from Greece, Italy, Finland, Hungary, Poland, Slovenia, Switzerland and Turkey.
Across Latin America, Asia, Africa and the Middle East critics of European imperialism and American interventionism took a similar view, leading to mass anti-NATO demonstrations. "Is NATO's work to prevent war or to fuel one?" asked India's prime minister Atal Bihari Vajpayee.
The strikes on the Serbian capital Belgrade, Kosovo's capital Pristina and other cities and towns began on the evening of March 24. Over the 11-week "Allied Force" campaign, NATO carried out 38,000 sorties and 10,000 bombardments. After running out of military and regime targets, NATO's focus shifted to infrastructure such as petroleum and power plants, roads and railways.
One of its most controversial strikes targeted Serbian state-run broadcaster RTS. Sixteen employees were killed in that bombing, which NATO justified on the grounds that the broadcaster was part of Milosevic's propaganda machine. NATO blunders such as the bombing of the Chinese embassy in Belgrade due to a CIA mapping error that left three dead, and an attack on an Albanian refugee convoy that left scores dead, increased global opposition to the campaign.
https://www.mining.com/how-silver-surge ... 20s-91871/New charts vividly illustrate the staggering ascent of precious metals during the period of catastrophic hyperinflation which brought Weimar Germany to its knees in the early 1920’s.
Silver prices rose from 12 Deutsche Marks in January 1919, only months following the conclusion of the First World War, to the astronomical sum of 543,750,000,000 Deutsche marks by the end of 1923, while gold rose from 170 Deutsche Marks to 87,000,000,000,000 by the end of the same period.
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Silver Doctors believes that the visual illustrations and historic reminders of rampant inflation’s impact upon commodities prices is especially relevant at present, given the looming parallels between the travails of Weimar Germany in the twenties and the impact of repeated rounds of quantitative easing by the Federal Reserve and European Central Bank.
https://alphahistory.com/weimarrepublic ... inflation/The 1923 hyperinflation forced the Weimar government to confront its own extinction. There was open talk that the government might be removed by a popular revolution or a military putsch. An attempted coup in Munich, launched by Adolf Hitler and the NSDAP in early November 1923, appeared a sign of what might come.
The crisis brought about the collapse of two cabinets, as ministers bickered about the best way to end the crisis. It was Hans Luther who produced the eventual solution. Luther, a local politician from Magdeburg who had previously rebuffed positions in the cabinet, was appointed finance minister in early October 1923.
By the end of October, Luther had ordered the formation of a new reserve bank (Rentenbank) and a new currency (the Rentenmark). The value of the Rentenmark was indexed to the value of gold – though it could not be redeemed in gold, since the government had no gold reserves. One Rentenmark was initially valued at one billion ‘old’ Reichsmarks, while foreign exchange was pegged at 4.2 Rentenmarks to one US dollar.
Luther’s currency reforms were accompanied by other drastic changes, such as increased taxes, cuts to government spending and salaries, and a reduction of the public service by almost 25 per cent. These measures might have produced outraged protests a year earlier but the German public, exhausted by months of rampant hyperinflation, were by now willing to accept them.
Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.
Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.
https://www.numismaticnews.net/coin-mar ... r-reservesPatrick A. Heller
Oct 18, 2024
Russia’s central bank announced that it plans to purchase silver as part of its reserves, a move that could significantly raise the price of silver in the coming months. For at least 20 years until recently, the only precious metal that central banks held in their reserves was gold. Global central banks, in total, have been strong net buyers of physical gold for the past several years. As one example, Poland’s central bank gold reserves now exceed those held by Great Britain.
Recently, Russia’s central bank also started adding platinum and palladium to its reserves. This is sensible as that nation is among the world’s largest producers of both metals. Two weeks ago, Russia’s Interfax reported that Russia’s Draft Federal Budget for the coming year includes plans for the State Fund, that nation’s central bank, to continue adding gold, platinum, and palladium reserves and, for the first time, also to acquire silver.
Last year, Russia was the world’s eighth-largest silver producer, at 38.5 million ounces. It is far less important to Russia’s economy than the value of its gold, platinum, and palladium industries. In that sense, it might not make sense for Russia’s central bank to acquire silver. However, this could be a shrewd move. On April 29, 2011, the COMEX closing prices for gold, silver, and palladium were $1,556.50, $48.59, and less than $800. The prices of gold and palladium have far outperformed that of silver since then, meaning that today’s silver price could prove to be a real bargain.
Silver has also seen a dramatic increase in demand in recent years for industrial applications such as photovoltaic, antibacterial, and electrical conductivity purposes. As a result, new and recycled silver supplies have fallen far short of meeting physical demand. The Silver Institute reports and forecasts that from 2022 through 2024, global supplies of 3.030 billion ounces of silver will fall short of meeting demand by a combined 663 million ounces.
In decades past, the US government and the central banks in India and Mexico held silver as part of their reserves. Thus, the concept of Russia’s central bank acquiring silver as part of its reserves is not new. But it could be spectacularly profitable for the Russian government. If this happens, don’t be surprised if the price of silver jumps at least fifty percent within the next 24 months.
careinke wrote: BTC on 19 October 2018 was $6,467 today it is over $68,000 over a 10X gain
I think you backed the truck up to the wrong docks.
theluckycountry wrote:Armageddon wrote:So glad I backed up the truck in 2018 @14 silver and $1200 gold. Whoever use to follow my posts, I told you to load up. I said 3T deficits are coming and there’s no way to stop them.
Debt is one thing but deficits must be reconciled in short order or your trading partners simply won't trade with you. With the majority of the resource producers joining the BRICS this will be a serious problem for the West. "Sure well trade with you, how much gold have you got?"
Numismatic News
Russia’s Central Bank to Acquire Silver Reserves
Russia’s Draft Federal Budget for the coming year includes plans for the nation’s central bank to continue adding gold, platinum, and palladium reserves and acquire silver for the first time.https://www.numismaticnews.net/coin-mar ... r-reservesPatrick A. Heller
Oct 18, 2024
Russia’s central bank announced that it plans to purchase silver as part of its reserves, a move that could significantly raise the price of silver in the coming months. For at least 20 years until recently, the only precious metal that central banks held in their reserves was gold. Global central banks, in total, have been strong net buyers of physical gold for the past several years. As one example, Poland’s central bank gold reserves now exceed those held by Great Britain.
Recently, Russia’s central bank also started adding platinum and palladium to its reserves. This is sensible as that nation is among the world’s largest producers of both metals. Two weeks ago, Russia’s Interfax reported that Russia’s Draft Federal Budget for the coming year includes plans for the State Fund, that nation’s central bank, to continue adding gold, platinum, and palladium reserves and, for the first time, also to acquire silver.
Last year, Russia was the world’s eighth-largest silver producer, at 38.5 million ounces. It is far less important to Russia’s economy than the value of its gold, platinum, and palladium industries. In that sense, it might not make sense for Russia’s central bank to acquire silver. However, this could be a shrewd move. On April 29, 2011, the COMEX closing prices for gold, silver, and palladium were $1,556.50, $48.59, and less than $800. The prices of gold and palladium have far outperformed that of silver since then, meaning that today’s silver price could prove to be a real bargain.
Silver has also seen a dramatic increase in demand in recent years for industrial applications such as photovoltaic, antibacterial, and electrical conductivity purposes. As a result, new and recycled silver supplies have fallen far short of meeting physical demand. The Silver Institute reports and forecasts that from 2022 through 2024, global supplies of 3.030 billion ounces of silver will fall short of meeting demand by a combined 663 million ounces.
In decades past, the US government and the central banks in India and Mexico held silver as part of their reserves. Thus, the concept of Russia’s central bank acquiring silver as part of its reserves is not new. But it could be spectacularly profitable for the Russian government. If this happens, don’t be surprised if the price of silver jumps at least fifty percent within the next 24 months.
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