I have never been a fan of conspiracies but my 45 years experience in trading markets, tells me that someone is deliberately suppressing the gold price, especially in the past 2 years. I suspect we will see a reset in the global monetary system sometime soon.
@TFMetals
Gold has now been attacked TWICE today in an attempt to manipulate it back under $1880.
The first was in London and the second, even higher volume attack came during the first hour of Comex trading.
Deliberate price manipulation...as the miners and silver mostly ignore it.
For the life of me, I can’t figure out why investors would put their money into an asset class in an unregulated market where tens of billions continue to evaporate in front of their eyes. Someone please explain this insanity?
CNBC talking heads, pundits, have no clue why gold is spiking.The recent rally has nothing to do with rate cut expectations.This is something much bigger.The west is losing its pricing power in gold..China and BRICS are setting the price.
Read thread..
“I was disappointed to read this morning’s error-filled article about me in
@nypost
I do not own a home in, or near, Victoria, BC.
I have never been contacted by a member of the British Royal family, by the Duke and Duchess
The
#FLOKI
Vikings sold out 10,000 NFTs in 32 minutes!
INSANE!
$1,400,000 was raised and ALL of it will be donated to
@Kimbal
Musk's
@MillionGardens
to help people eat healthier.
The $FLOKI Vikings are built different.
An unstoppable force!
Dear
@michael_saylor
,since our debate last April,
#Bitcoin
is down 50%.You call that a store of value🙄?Keep pumping,my friend.Let’s touch base after the next big market correction or crisis.
@DanielaCambone
In the last year,
#Bitcoin
is up 294%,
#Gold
is down 2%. Join the 1 million people that have watched my debate on this topic and find out why I believe that Gold is no longer an effective Store of Value, Inflation Hedge, or Sound Money in the 21st century.
Read my latest article in
@TorontoStar
“The writing is on the wall that some form of change is imminent, and a global monetary system reset may already be underway”
How the financial media gives Cathy Pollyanna Wood continued airtime is beyond me. Lost $10 billion in investor capital, while earning $300 mill in fees with her wild proclamations as seen her silver-lined rose-tinted glasses. Stop giving her oxygen.
Sorry, Janet, you can’t have it both ways;Spending trillions, printing trillions AND raise rates in overly-indebted world.The math won’t work out for you.
#fed
#usd
#gold
World’s Richest Gain $1.2 Trillion-Sure to add fuel to the already heated debate about widening wealth and income inequality. In the U.S., the richest 0.1% control a bigger share of the pie than at any time since 1929- This is wrong & unsustainable
Since the five member states produce half the world’s iron, more than 40 percent of the world’s wheat and corn, and one-fourth of the world’s oil, their adoption of a new currency to replace the dollar could dramatically change the economic order.
#BRICS
Translation:They will try to raise rates by .25%,a 3-4 times but when they reach 1.25-2% level, markets will plunge & they will stop & reverse. QE will eventually return. Folks, keep an eye on REAL negative rates as inflation will guarantee big gap.
“Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again" Dutch National Bank,2019
This same bank reported its first annual loss since 1931.
@GoldTelegraph_
Whenever the Fed feels the urge to calm markets, its a sign of trouble. Think back to 2007. They usually say these things as they climb to a higher deck on the Titanic.
When CNBC misleads its audience by cautioning them against buying gold it’s time to actually pay attention.Contrary to what they suggest, the fact is that Gold has outperformed both stocks & bonds since the turn of the century
@GoldTelegraph_
I am speechless. A Nobel prize to the individual who promised us in 2009 that Fed monetary policy would revert to its “normal” self — meaning that the central bank would go back to a modest-size balance sheet .Instead, we got a historic bubble&Inequality.
But it wasn’t just the Chinese buying gold. Other buyers include Turkey, India, Uzbekistan, Egypt, Qatar, and Iraq. It is worth noting that many of these countries have expressed an interest in joining the BRICS+ alliance
If you aren’t paying attention to this trend, its time to start-Some unidentified purchases are to be expected, but an unspecified slice of "this magnitude is unheard of,"
@GoldTelegraph_
Gold much higher,new record on the back of very strong jobs report, strong dollar and mixed views on when Fed pivots.Very unusual and confirms what i have been saying-the west no longer sets the
#gold
price,controlled by the east.
@GoldTelegraph_
Hate to break it to you, but youth is not an accomplishment. There are certain perks to being a dinosaur. You will eventually learn that, young man. It might take a few shekels out of your wallet in the meantime.
@DailyMailUK
-Are you incompetent or just malicious?You got it wrong the first time,printed my denial,and now again?I DO NOT OWN THAT HOME.Guessing you just looking for opportunity to drag up old conspiracies on me & Clintons-Sick
Both
@mcuban
&
@PeterSchiff
are misguided.Bitcoin is here to stay, for a while anyway. Gold is far from dead. Stop fighting each other. All
#BTC
fans, gold is the least of your worries . Your real battle will be wth governments, CB’s .
Warren Buffet admits he was wrong & is just beginning to believe things could go sideways with Central Bank policy. Better late, than never.Translation; sell bonds &buy equities and gold. My take; equities overvalued relative to
#gold
-buy more gold than equities
@GoldTelegraph_
MUST WATCH 🎥
What happens if interest rates go negative?
“You better own something other than debt," Buffett says. "I've been wrong in thinking you could really have the developments you've had without inflation taking hold."
Buffett now buying gold
Spent last few weeks, attempting to challenge
@michael_saylor
to a friendly debate ,Gold versus Bitcoin on a respected media outlet.Thus far, he refuses. What is he afraid of? I am not a
#Btc
hater,just want to challenge his gold thesis.
@GoldTelegraph_
#gold
“China buying gold and selling Treasuries mirrors how Europe’s central banks began to redeem dollars for gold in the late 1960s as the Bretton Woods System began to break apart.”
As I have been saying,the threat of losing $$ supreme reserve status will be a national security issue.But when you need to force countries to use your currency,you have lost the battle
@GoldTelegraph_
Fed's Bullard”All is not lost,” he said. “The difference between today and the 1970s is central bankers have a lot more credibility” Seriously?? In what universe?
#Fed
Using crypto as collateral for crypto? like extinguishing fire with napalm…pumping seawater into the Titanic. Help me out here,folks. Running out of analogies.
And so it starts- remember, when he dominoes start to fall, its starts slowly at first. Think back to 2008. You can’t aggressively raise rates in a world saddled with $300 trillion in debt and NOT expect that accidents won’t happen.
As I said in my debate with
@michael_saylor
, hedge funds are momentum players,not long term investors.
#Bitcoin
has not made its way into institutional portfolios in any meaningful way. Same for corporate treasurers.
@DanielaCambone
"The Fed is bluffing," not fighting inflationhe said, saying it may choose to support the Treasury. "Just wait until they're forced to loosen into an inflationary spike to support the Treasury. At that point, it's best to have some gold.”
As I said in my debate with
@michael_saylor
,
#Bitcoin
is correlated with equities,whereas
#gold
has an inverse correlation. That’s why Bitcoin will never serve as a hedge in a portfolio, is not a store of value ,nor a safe haven asset.
Chinese Gold Versus World Market Surges Again After Holiday Week - The Shanghai spot price was more than $112 an ounce higher than levels seen in London on Monday.
Come’ on
@michael_saylor
... let’s have a conversation. I see what you are doing,saying. Debate someone who knows a bit about gold...I have lots of questions to put to you. It’s easy to put out “ facts” on Twitter until u have to defend them
#SaylorVsGiustra
@GoldTelegraph_
Read my latest-“If it walks like a duck, talks and goes with plum sauce like a duck, it’s probably a duck. It was a bailout using the Fed’s balance sheet in every sense of the word”
The BRICS countries are planning to introduce a new trading currency, which will be backed by gold.
More and more counties recently express desire to join BRICS.
Let me see if i can help here…”Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output” Milton Friedman
U.S. National Debt Clock : Real Time- Just a friendly reminder as rates go to 5.5%…do the math on servicing a $32.6 trillion and rising debt load and ask yourself how long before we see rates come crashing down.
@GoldTelegraph_
Good reminder. Its not funny when the lambs get fleeced. Its never the Wall St creators of toxic products or the CNBC talking heads that pump hugely overvalued stocks or the Bitcoin maxis that urge investors to go “all in” that loose everything.Its always the unsuspecting public.
OK
@Frank_Giustra
. The cyber hornets have spoken. I accept your challenge to debate the matter of
#Bitcoin
vs.
#Gold
and will leave it to
@DanielaCambone
to negotiate the appropriate platform, timing & rules of engagement.
Barrick chief slams ‘myopic’ western funds for focusing on quick returns-meanwhile China looks at the long term…The mining industry by definition, needs patient capital & its that capital that will reap the rewards.
Bitcoin vs. gold: Here’s what billionaire Ray Dalio thinks..”“If you put a gun to my head, and you said, ‘I can only have one,’” says Dalio. “I would choose gold.”
#gold
#Bitcoin
@DanielaCambone
@GoldTelegraph_
That $29 trillion will soon be higher, a lot higher. The speed at which is rising is increasing with no end in sight. It’s astonishing that market players can’t do the simple arithmetic…the
#Fed
can NEVER raise rates in meaningful way. It can only pretend that it will.
Reminder: When stocks crash, gold goes down initially as weak hands sell gold (mostly futures) to conserve cash to meet margin calls on stocks. The strong hands take a beat, then buy when the smoke clears. That's the start of a long, steep gain.
@TraderStef
@Sarge986
Participating in our community volunteer event in Aspen with our partner,
@kimbal
. We are creating a shift in culture around growing your own food. Join our
@MillionGardens
movement.
@mayemusk
@ModFarm
@biggreen
Fed holds rates steady, indicates 3 cuts coming in 2024. There was never a chance that rates could remain at these levels. “ Higher for longer” will be filed in the dustbin of history along with “ Transitory inflation” .
@GoldTelegraph_
Fed Chair Powell calls inflation 'frustrating' and sees it running into next year…it goes from “Transitory”,to “Frustrating” and eventually to “Ooops…”.
#fed
#usd
#gold
Watch my interview , shot in Italy with
@DanielaCambone
. We covered a lot of topics, including markets, currencies, gold, geopolitics , but we also talked about life , food and olive oil. Global Monetary Reset Is Here.
The wealth of the world’s five richest men more than doubled since 2020 | At the same time, nearly 5 billion people globally have become poorer, as they contend with inflation, war and the climate crisis.
GOLD & BATTLE FOR CONTROL?
A tug-of-war for the CONTROL over
#gold
pricing is starting to play out.
The countries of the Eastern world have been amassing physical gold for numerous years, while the majority of Western nations continue to only add to their debt pile.
Last year,…
Read my article.”It took a mere 20 years for policymakers to turn that imagination of what money is into a hallucination&in their management of monetary policy, they have lived up to their reputation as the least trustworthy groups of people known to man”
Gold just hit $1933- Does anyone recall what happened in 1933? Executive Order 6102 is executive order on April 5, 1933, by President Roosevelt "forbidding hoarding of gold coin, gold bullion, and gold certificates within the US
@GoldTelegraph_
As I said in my debate with
@michael_saylor
, governments will not want competition from cryptocurrencies,especially when they have their own digital currencies in the works. They will ratchet up the pressure, step,by step. Death by a 1000 cuts.
This is not about making rational investment decisions any longer. It’s becoming a game where egos and emotions are ruling the day. And that should be a serious concern to anyone putting money into this space.
#bitcoin
#dogecoin
China
#gold
The SGE 9999 premium has widened out even further overnight and is now above 6%.
I've never seen moves like this and I've been tracking the Shanghai Gold Exchange since it started...
of Sussex, or by any of their representatives.
Unsurprisingly, the New York Post used this non-story as an opportunity to recycle a series of lies about me that have been repeatedly and definitively disproved by The New York Times, Fox News..
As I said in the debate, this was my main objective in challenging
@michael_saylor
. Pointing out the recklessness in this kind of investment advice. I certainly hope that his followers didn’t borrow money to buy
#Bitcoin
. Diversify & speculate with what you can afford to lose
"Take all your money, buy Bitcoin, then take all your time, figure out how to borrow more money to buy more
#Bitcoin
"
-
@michael_saylor
This is how people get hurt.
@DanielaCambone
Don’t worry
@DanielaCambone
…He is rude and pathetic. And his responses to your questions were laden with nonsense. I can’t imagine how many investors suffered from his ridiculous projections.
"It has characteristics of an open Ponzi scheme. Everyone knows it's a Ponzi," says
@nntaleb
on
#bitcoin
. "Basically there is no connection between inflation and
#bitcoin
... It's well-made but there is absolutely no reason it should be linked to anything economic."
My biggest criticism of
@saylor
during lasts years debate was the irresponsible manner in which he misled and ultimately hurt a lot of investors.He should not be allowed the opportunity to deny his own words
@DanielaCambone
@GoldTelegraph_
Saylor continues his onslaught of smearing the gold industry.
@saylor
recently denied to
@DanielaCambone
that he did not advise investors to sell everything and mortgage their home to put in Bitcoin.
Since this video:
nearly -60%
@Frank_Giustra
1) As i never predict prices, i will only predict
@maxkeiser
will be as wrong in 2022 as he was in 2021
2)I tried to keep track on fact-checking his data,but lost track after 5-minute mark
3)This was the most desperate-sounding
#BTC
pitch i have heard to date.
@DanielaCambone
Wether Russian/Ukraine conflict materializes or not, this might serve as a valuable lesson to investors-when fear sets in, investors flock to
#gold
, not
#Bitcoin
….that includes fear of all types, not just geopolitical.
@GoldTelegraph_
This quote will age as well as September 1929 quote-After prices peaked, economist Irving Fisher proclaimed, “stock prices have reached 'what looks like a permanently high plateau. '”
@GoldTelegraph_
pay attention: Data compiled the World Gold Council has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures.
“Metaverse real estate sales top $500 million”. If i were pitching a film in Hollywood, I would describe it as ‘the Dutch Tulipmania meets the Mississippi Bubble’ .
Read my latest OpEd in
@TorontoStar
“It looks as if we are currently living in a collective delusion of money and markets, aided and abetted by a loosely aligned club of players. God help us”
#fed
#QE
Canadian government should start by persuading CanadianPension Funds to start investing in Canada. It’s shameful that the 8 largest pension funds have less than 3% invested in Canadian listed equities. Almost zero exposure to the mining sector.
BREAKING NEWS
CANADA'S NATURAL RESOURCES MINISTER WARNS THE COUNTRY MUST ACCELERATE ENERGY TRANSITION FOR ECONOMIC SECURITY AND SAYS WESTERN COUNTRIES MUST CATCH UP TO CHINA WHICH IS LEADING ON MULTIPLE FRONTS
Another one.
@Frank_Giustra
@PlassondeGold
Changing course is never easy,but as I have been saying,tapering will end & QE will begin again.Who will buy all those treasuries when the foreign buyers bow out? $2trill annual deficits as far as the eye can see…
BREAKING NEWS
THE FEDERAL RESERVE SAID IT WILL SHRINK ITS BALANCE SHEET AT A SLOWER PLACE BEGINNING IN JUNE
The buyer of last resort is starting to get spooked.
My brand new permaculture-inspired garden ,complete with rainwater collector and worm compost. My father( Joe) used to love tending to this space. Part of our
@MillionGardens
movement. Looking forward to my tomatoes.
@kimbal
@ModFarm
This is what it’s come to? Crazy talk is not going to do anything to elevate
#Bitcoin
into the mainstream. Smart $ will be running for the hills.
@GoldTelegraph_