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29 March BIS returns to the GOLD STANDARD

 
Ostria1  (OP)

User ID: 77402660
Greece
03/09/2019 06:42 PM

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Re: 29 March BIS returns to the GOLD STANDARD
March 29 is a friday.. no time for fast reaction in case this is true

And if Brexit happens on the same day.. thats 2 big changes and as they say good or bad things come in threes

What else is sceduled for the same day, i wonder
Ostria
KipKat

User ID: 77338127
Netherlands
03/09/2019 06:51 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Nothing will happen!!

chill
:kkwapper:
Hibodharma

User ID: 29725340
Canada
03/09/2019 06:53 PM
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Re: 29 March BIS returns to the GOLD STANDARD
Buy precious metals + crypto

Only a matter of time b4 fiat collapses, when it goes down prec metals + crypto will go up

Safe havens for storing value
free man
WyatteSmith
Shithole Spotter

User ID: 76903646
United States
03/09/2019 06:59 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Countries with highest gold reserves
1. US
2. Germany
3. Italy
4. France
5. Russia
6. China
7. Switzerland
8. Japan
9. Netherlands
10. India

And Islam is currently, desperately collecting as much as they can, even through force.
 Quoting: MissCleo


Didn't I read we just "aquired" 40 tons of gold from ISIS? Or some such shit?
Ostria1  (OP)

User ID: 77402660
Greece
03/09/2019 07:00 PM

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Re: 29 March BIS returns to the GOLD STANDARD
i wish that nothing happens as it will shake the world economy imo..

hi

Physical metals and cryptos are always a good idea
ohyeah
Ostria
Mental Case

User ID: 77443069
United States
03/09/2019 07:05 PM
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Re: 29 March BIS returns to the GOLD STANDARD
Imagine adding two zeros onto the price of gold.
If I am going to be damned...I am going to be damned for who I really am!
Ostria1  (OP)

User ID: 77402660
Greece
03/09/2019 07:06 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Countries with highest gold reserves
1. US
2. Germany
3. Italy
4. France
5. Russia
6. China
7. Switzerland
8. Japan
9. Netherlands
10. India

And Islam is currently, desperately collecting as much as they can, even through force.
 Quoting: MissCleo


Didn't I read we just "aquired" 40 tons of gold from ISIS? Or some such shit?
 Quoting: WyatteSmith


still a rumor but yes there is such a rumor
Ostria
Ostria1  (OP)

User ID: 77402660
Greece
03/09/2019 07:16 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Imagine adding two zeros onto the price of gold.
 Quoting: Mental Case


wtfpoint
Ostria
Ostria1  (OP)

User ID: 77477202
Greece
03/27/2019 05:13 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Just two days away

As the Italian financial newspaper Il Sole 24 Ore recently reported, the world's central banks will introduce a kind of gold standard at the end of March 2019. According to a decision by the Bank for International Settlements (BIS), gold in bank balance sheets will soon become a "cash equivalent", ie a liquidity-equivalent asset and thus "risk-free". With this, the yellow metal could face a sustainable revaluation in the future.

[link to www.deraktionaer.de]

The new Basel rules make physical Gold a Tier-1, riskless asset starting the end of March. The impact will be realized on big bank balance sheets. For years, a ban has been in place on Gold as a reserve asset. No more!! Combined with the substantial accumulation by central banks in gold reserves over the last 12-18 months, the signal is clear.
[link to www.marketoracle.co.uk]
Ostria
Anonymous Coward
User ID: 77507026
Australia
03/27/2019 06:23 PM
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Re: 29 March BIS returns to the GOLD STANDARD
BIS is the Bank for International Settlements, it is called the Central Bank of the Central Banks (of the countries)
 Quoting: Ostria1


The bank of Rothchilds...!
Anonymous Coward
User ID: 15247845
United States
03/30/2019 06:06 AM
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Re: 29 March BIS returns to the GOLD STANDARD
bump
Anonymous Coward
User ID: 77473055
United States
03/30/2019 06:59 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Well the 29th came and went....where are the effects of Basil 3 and dod Brexit avtually happen????? PM’s were flat and Brexit still fucking delayed.
Anonymous Coward
User ID: 15247845
United States
03/30/2019 07:06 AM
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Re: 29 March BIS returns to the GOLD STANDARD
The day before Basel III goes into effect, Mario Draghi slips in a ruling, under the radar that, "The European Central Bank needs to approve any operation in the foreign reserves of eurozone countries, including gold and large foreign currency holdings,"

Seems to me the EU is laying claim, ahead of time on any gold repatriated by any "sovereign" nations in the Eurozone? In case they might try to cut loose and run, they lay claim on that nation's gold reserves "legally"? Including Italy and the U.K. (Not that there is any, actual physical gold in the city of London any more, mind you! ;) )

Am I understanding this right???



[link to www.zerohedge.com (secure)]
Didyabringyabongalong​

User ID: 74912760
Australia
03/30/2019 07:10 AM

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Re: 29 March BIS returns to the GOLD STANDARD
Countries with highest gold reserves
1. US
2. Germany
3. Italy
4. France
5. Russia
6. China
7. Switzerland
8. Japan
9. Netherlands
10. India

And Islam is currently, desperately collecting as much as they can, even through force.
 Quoting: MissCleo


Didn't I read we just "aquired" 40 tons of gold from ISIS? Or some such shit?
 Quoting: WyatteSmith


still a rumor but yes there is such a rumor
 Quoting: Ostria1


Also China's reserves are rumored to be grossly understated. They are a net importer and export none of their own production, which they keep quiet about.
.
To the mind that is still, the whole universe surrenders." - Lao Tzu

Is there an 8-dimensional "engine" behind our universe?
[link to youtu.be (secure)]


The Fingerspitzengefühl is strong with you, but you are not a Jedi yet.


It is a joy to be hidden and a disaster not to be found”. -Donald Winnicott.
Anonymous Coward
User ID: 76977137
United States
03/30/2019 07:20 AM
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Re: 29 March BIS returns to the GOLD STANDARD
.... "gold in financial statements becomes money"...

so the gold as + or - from the gold in the vault byway of running log on paper. Looks like no gold is allowed to leave the vault in subsentence.
Ostria1  (OP)

User ID: 77477202
Greece
03/30/2019 07:30 AM

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Re: 29 March BIS returns to the GOLD STANDARD
The day before Basel III goes into effect, Mario Draghi slips in a ruling, under the radar that, "The European Central Bank needs to approve any operation in the foreign reserves of eurozone countries, including gold and large foreign currency holdings,"

Seems to me the EU is laying claim, ahead of time on any gold repatriated by any "sovereign" nations in the Eurozone? In case they might try to cut loose and run, they lay claim on that nation's gold reserves "legally"? Including Italy and the U.K. (Not that there is any, actual physical gold in the city of London any more, mind you! ;) )

Am I understanding this right???



[link to www.zerohedge.com (secure)]
 Quoting: Anonymous Coward 15247845



Countries must seek ECB approval to manage gold reserves: Draghi
Ostria
Imlay

User ID: 1307397
United States
03/30/2019 08:10 AM
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Re: 29 March BIS returns to the GOLD STANDARD
.... "gold in financial statements becomes money"...

so the gold as + or - from the gold in the vault byway of running log on paper. Looks like no gold is allowed to leave the vault in subsentence.
 Quoting: Anonymous Coward 76977137


This appears to me to be a real simple way to cover their asses because of all the fake paper gold in the world. Now they can continue to peddle paper gold without consequence.
Anonymous Coward
User ID: 76977137
United States
03/30/2019 08:12 AM
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Re: 29 March BIS returns to the GOLD STANDARD
The day before Basel III goes into effect, Mario Draghi slips in a ruling, under the radar that, "The European Central Bank needs to approve any operation in the foreign reserves of eurozone countries, including gold and large foreign currency holdings,"

Seems to me the EU is laying claim, ahead of time on any gold repatriated by any "sovereign" nations in the Eurozone? In case they might try to cut loose and run, they lay claim on that nation's gold reserves "legally"? Including Italy and the U.K. (Not that there is any, actual physical gold in the city of London any more, mind you! ;) )

Am I understanding this right???



[link to www.zerohedge.com (secure)]
 Quoting: Anonymous Coward 15247845



Countries must seek ECB approval to manage gold reserves: Draghi
 Quoting: Ostria1


yes, if you are going to monetize your vaulted gold bullion.
Anonymous Coward
User ID: 76977137
United States
03/30/2019 08:13 AM
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Re: 29 March BIS returns to the GOLD STANDARD
.... "gold in financial statements becomes money"...

so the gold as + or - from the gold in the vault byway of running log on paper. Looks like no gold is allowed to leave the vault in subsentence.
 Quoting: Anonymous Coward 76977137


This appears to me to be a real simple way to cover their asses because of all the fake paper gold in the world. Now they can continue to peddle paper gold without consequence.
 Quoting: Imlay


if you are member of the club.
Ostria1  (OP)

User ID: 77477202
Greece
03/31/2019 03:29 PM

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Re: 29 March BIS returns to the GOLD STANDARD
@zerohedge
Following Following @zerohedge

Why Russia Is Dumping Dollars And Buying Gold At The Fastest Pace In Decades

and Europe is starting to take notice, and follow suit
[link to twitter.com (secure)]
Ostria
Anonymous Coward
User ID: 77473055
United States
04/01/2019 06:55 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Well as I anticipated....the 29th has come/gone and manipulation is still going on. What fucking difference does it make?
Anonymous Coward
User ID: 77365271
04/01/2019 10:22 AM
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Re: 29 March BIS returns to the GOLD STANDARD
It's not really a gold standard, they are just re-scheduling gold so that it can be held as a tier 1 asset like US treasury bonds.

A gold standard would be like where all your currency has backing or partial backing by gold bullion.
 Quoting: Anonymous Coward 76760905


Thank you for the clarification in simple lingo.
Anonymous Coward
User ID: 77521318
Australia
04/01/2019 06:48 PM
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Re: 29 March BIS returns to the GOLD STANDARD
Nothing will happen!!

:chill:
 Quoting: KipKat


The price dropped $20....!






rofl5


To the moon goldtards.
Anonymous Coward
User ID: 77463357
Australia
04/02/2019 01:24 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Well as I anticipated....the 29th has come/gone and manipulation is still going on. What fucking difference does it make?
 Quoting: Anonymous Coward 77473055


UK is just kicking that can down the ole' road.

And this BIS move with regards to gold has been a fairly long time coming. People want to know where their assets are at in the coming bear market.

Commerzbank and Deutsche Bank might merge. That's a pretty big signal, I guess. It seems like we really could be on the verge of something big.
Anonymous Coward
User ID: 77463357
Australia
04/02/2019 01:29 AM
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Re: 29 March BIS returns to the GOLD STANDARD
If everything goes topsy-turvy, you don't want to be holding paper gold, you want to be holding ACTUAL gold. This is what these banks are thinking.

It also sends a not-so-subtle signal to holders of "synthetic" or paper gold.
Anonymous Coward
User ID: 77463357
Australia
04/02/2019 01:31 AM
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Re: 29 March BIS returns to the GOLD STANDARD
And yeah, it all ties in with sovereign nations attempting to repatriate their physical gold reserves in the last decade or so.

Some people know what's coming...
Anonymous Coward
User ID: 77463357
Australia
04/02/2019 02:26 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Investors and the rich are always looking for places to park their wealth, they try to beat inflation which slowly erodes that wealth. They look for investments which offer a greater return than cash, basically.

Government bonds don't have the same appeal as stocks do, for various reasons, mostly because they are not as fungible (not as easy to trade) and they don't have the profit margin that stocks can have when they boom.

The problem with precious metals (gold, etc.) is that there's really not enough to go around to account for the huge increase in other forms of wealth.

What we need to do is move away from the fiat USD king (bonds), away from Wall Street (stocks) and back towards MULTIPLE forms of real-world precious-metal like lithium, uranium, etc. (rare earths) and also things like pure fresh water.

Drinking water is a good example. It's going to become more precious and by backing a currency with resources like fresh water we can set an example.
Ostria1  (OP)

User ID: 77477202
Greece
04/02/2019 07:34 AM

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Re: 29 March BIS returns to the GOLD STANDARD
Investors and the rich are always looking for places to park their wealth, they try to beat inflation which slowly erodes that wealth. They look for investments which offer a greater return than cash, basically.

Government bonds don't have the same appeal as stocks do, for various reasons, mostly because they are not as fungible (not as easy to trade) and they don't have the profit margin that stocks can have when they boom.

The problem with precious metals (gold, etc.) is that there's really not enough to go around to account for the huge increase in other forms of wealth.

What we need to do is move away from the fiat USD king (bonds), away from Wall Street (stocks) and back towards MULTIPLE forms of real-world precious-metal like lithium, uranium, etc. (rare earths) and also things like pure fresh water.

Drinking water is a good example. It's going to become more precious and by backing a currency with resources like fresh water we can set an example.
 Quoting: Anonymous Coward 77463357


China is working on it. Why do you think they almost possess Africa now. See lithium (cell phone batteries etc), most of it comes from Congo. And not only mining but buying vast farmland for products to import in China and export around the world. Those who follow all these, know there is a big change coming as wealth changes hands. China and India are the next big players.
Ostria
Ostria1  (OP)

User ID: 77477202
Greece
04/02/2019 07:34 AM

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Re: 29 March BIS returns to the GOLD STANDARD
4 JUNE 2018 ANALYSIS
Inside China’s move to monopolise cobalt

Through various arrangements, China already controls around 85% of the global supply of cobalt and is rumoured to be in the market for more; but what does this mean for the availability of a key commodity that has already rocketed in price by 260% since Jan 2016?

[link to www.mining-technology.com (secure)]

Last Edited by Ostria1 on 04/02/2019 07:43 AM
Ostria
MissCleo

User ID: 77082640
United States
04/08/2019 08:46 AM

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Re: 29 March BIS returns to the GOLD STANDARD
Gold jumped 12 dollars this morning.