๐ช๐บ ๐ฒ๐จ๐จ๐ญDan Popescu ๐ซ๐ท๐ฎ๐น๐ท๐ด
@PopescuCo
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Consultant/Analyst Gold/Silver/Forex; Precious Metals, Currencies, International Monetary System, Gold Standard, Geopolitics; BSc Science (Physics)
Joined September 2011
@PeterSweden7 What's going on in EU? It's called rule of law. Marine le Pen in 2004: โThe French are fed up with seeing elected officials embezzling money.โ .Now she got caught herself and doesn't like it.
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Germans are queuing at Degussa store to buy #gold in Kรถln. From Jan. 1, 2020, the limit to buy gold anonymously drops from โฌ10,000 down to โฌ2,000. Only two years ago the limit was โฌ15,000.
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El Salvador's Bukele's cryptocurrency "Colรณn-Dollar" will end up in the same cryptocurrency garbage can as Venezuela's Maduro's cryptocurrency "Petro".
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Argentina, Egypt, Algeria, Indonesia, Kazakhstan, Iran, Saudi Arabia, United Arab Emirates, Nigeria, Senegal, Thailand have applied already or showed strong intend to apply to join BRICS.
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Beautiful! Athens becomes even more magical under a full moon.
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Argentina, Egypt, Algeria, Indonesia, Kazakhstan, Iran, Saudi Arabia, United Arab Emirates, Nigeria, Senegal, Thailand have applied already or showed strong intend to apply to join BRICS.
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Global #silver industrial demand on track for a new record high in 2024, silver market is set to see a sizeable structural deficit for the fourth consecutive year - Silver Institute & Metals Focus via @SilverInstitute
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Again I repeat, Saudis are cooking something big that I don't think America will like. Pay attention (dollar-riyal peg, petrodollar, eurodollar, #gold).
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@McFaul Ukraine's Budanov himself said a few days before the attack that Ukraine will support, facilitate, help, incite any attack within Russia.
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@acoyne Poilievre himself loud and clear tied himself to Trump long ago, NOT Trudeau. Moderate, centre conservatives (Mulroneys) also abandoned Poilievre for turning populist Trump. Poilievre's narrative still 'not resonating' in Quebec.
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Digital gold is a stablecoin backed by physical gold, a cryptodigital gold certificate. Bitcoin is NO digital gold; it is an Excel cryptic digital spreadsheet with a password and an internet address. Calling bitcoin "digital gold" is just a marketing scam.
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Cost of Production per Barrel of Oil: .US 36.20 vs Russia $17.20 and Saudi Arabia $9.90.Current Crude Oil Price $22.76
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@DemosKratosCA False! I just did go to hospital, doctors, dentists in Canada and it was efficient, excellent, clean, almost free beside taxes paid. Huge prices doesn't necessarily mean quality.
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In Romania before the 1989 revolution it was said Ceauศescu had billions of dollars stashed in Switzerland and wiped out all Romania's official gold reserves. We found out after the revolution he had no money outside Romania and the gold was still there in large part.
Sanctions shmanctions. It may be wise to consider the possibility that Putin is only interested in power, not money; in guns, not butter - increasingly so. He has no personal skin in the economic game, pays no price. The theory that he has hidden assets stashed away is naive.
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All of a sudden both China and Russia announce, almost at the same time, that they are facilitating now #gold export. They both encourage now all of a sudden gold miners to export . Why?.
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@MichaelAArouet Poland received huge amounts of state (EU) subsidies (socialism) and same for East Europe (EU) after collapse of socialo-communism. Without EU huge state support (socialism) it would have taken maybe 100 years for East Europe to recover; it took 30 years instead.
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Gold is the canary in US dollar centric international monetary system and it signals imminent collapse, reset of the international monetary system. #Gold remains US dollar's Achilles' heal.
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The Art of Bitcoin Ponzi: Print fake digital dollars (tether) to pump fake digital gold (bitcoin) and add wash trades to digital infinity. That is bitcoin price.
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@jakubwiech @RealScottRitter Especially, let's not forget US viscerally stoped Europe from having its own defence. Huge war between France's de Gaulle and US White House, Pentagon on this issue in the 1960s. US took NATO headquarters out of Paris when de Gaulle stood up to US. He wanted a European defence.
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@PeterSweden7 When the right cannot win democratically, they just change the rules. It's called Nazism.
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@GLandsbergis How many ultimatums have been sent to Putin in the last 3 years? Wasn't he supposed to crumble under sanctions within 6 months? I am sure Putin expected it and actually signalled it the recent months if you follow geopolitics news.
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World Bank President Jim Yong Kim will not attend a Saudi Arabian investment conference later this month via @Reuters
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Can the US dollar go down, collapse agains both #Gold and European currencies (euro, franc, pound)? .Yes, and it did in 1971-75 more than 50% versus gold and more than 30% versus European currencies. It can, it happened before and will happen again.
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Banana republic is a small, poor country, with limited resource, governed by authoritarian regime and characterised by corruption, economic exploitation by foreign crypto corporations conspiring with local corrupt government officials. Fits perfectly Bukele's El Salvador today.
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Originally when the SDR was created in 1969 it was defined as approximately 1 gram of #gold (0.888671 grams of gold) until 1974 when under extensive pressure by US it became a basket of 16 fiat currencies dominated by the US dollar.
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#Gold price by Eddy Elfenbein. Based on his model, a fair price for gold based on correlation with real interest rates 1979 - 2009 should be at $8349 per ounce right now.
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@TeaPainUSA Tariffs on Russian what? Trade between US and Russia is close to ZERO. Almost everything from Russia is banned, sanctioned by US already.
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I've been following the gold market since the 1960s before the collapse of the London Gold Pool in 1968 and the Gold-Dollar Exchange Standard in 1971. That is approximately 60 years. What I see in the gold market since 2008 resembles very much to the 60s.
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When I read Zlenskyy statement I remember time Communists in Romania banned us from reading western culture. You were put in prison if caught reading Dumas, Moliรจre, Shakespeare, Twain, etc., or listen to Presley, Tom Jones, Beatles, they called decadent western indoctrination.
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@yanisvaroufakis Stop the bullshit! In France Fillion got the same treatment as le Pen and so did people from the right to the left, including Socialists and Communists.
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Putin confirms in the BRICS' press conference that there are talks of replacing the dollar or at least circumvent the dollar because of US Treasury's war. Putin calls "the dollar as a reserve currency" a "problem" for "a great number of countries".
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We've been for 40 years in a fiat digital currency world in parallel with fiat paper currency. We will soon upgrade to fiat crypto digital currency but linked in someway back to #gold.
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In 1944 US made the rules and imposed them, despite the fact UK and Europeans didn't like them, because US had the wealth and gold. UK and Europe had the debt. Today China, Russia have the wealth and gold and US has the debt. China-Russia will make the rules with help from EU.
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Sanctions on India and China coming? Banning India and China from SWIFT coming? To follow closely.
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@yanisvaroufakis Marine le Pen demanded herself this law in 2013 and she demanded even worst, not just 2 years, but lifelong ban.
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In this process of world dedollarisation and war on "exorbitant privilege" of US dollar, only direction dollar is going is down but NOT end of the dollar, only loss of "exorbitant privilege". Dollar will share world front stage with euro, yuan linked to gold in some way for all.
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Swiss cheese fondue, a glass of valaisan fendant wine with a Matterhorn view in Zermatt.
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A must follow to really understand the oil market is Anas Alhajji @anasalhajji. He is my best source of oil analysis.
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Look at this chart carefully. Last time central banks sold huge amount of dollars and bought huge amount of #gold was 1967-8 just before and during the collapse of the London Gold Pool causing the collapse in 1971 of the gold-dollar link. I still remember the denials before 1971.
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I repeat. There is a bloody military war between Russia and Ukraine but there is now also a much bigger global (economic, trade, monetary, currency/#gold) war that is going ballistic between G7 and BRICS.
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A #gold breakout above $1,920-$2,000 will give me a next price target of $2,750-$3,000 and much faster, sooner, maybe in 2021 (Jul. 8, 2020).
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Again I repeat, Saudis are cooking something big that I don't think America will like. Pay attention (dollar-riyal peg, petrodollar, eurodollar, #gold).
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It appears China decided to go full steam ahead in its dedollarisation process and so has been since last year the European Union with its dedollarisation and acceleration of its internalization of the euro. Russia is already in large part dedollarised.
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CME raises #gold margins by 10.5% effective after the close of business on Monday, Dec. 5, 2022
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@StratcomCentre Soviet soldiers "raping" were as much Russian as Ukrainian. Good probability one of the ones in the picture was a Soviet Ukrainian NOT Russian. Soviet Ukrainians were famously brutal Soviet officers.
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Bank Indonesia calls on importers, exporters to stop payments in US Dollar. China, Japan, Thailand, Malaysia have already agreed to use the mechanism of two-way payments and dedollarasing, with Singapore, Philippines planning to join the system. EU, BRICS+ also dedollarising.
US Treasury Secretary Connally told G10 countries in 1971 that US dollar 'is our currency, but it's your problem'. Well, same year he found out US dollar was US' problem with the collapse of the dollar of 80% vs #gold in 5 years after delinking it from gold. Hasn't recovered yet.
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Official central banks' asset freezes, confiscations by US and UK are becoming the norm recently and should scare the hell out of world central banks storing #gold in US, UK or owning US, UK Treasuries. Alarm bells should ring in China, India, Saudi Arabia especially.
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Global #Silver Demand Forecasted To Rise 11% In 2021, Reaching 1.025 Billion Ounces. Physical Investment Expected to Hit a Six-Year High. Annual average price is projected to rise to a seven-year high of $30. via @SilverInstitute
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#Gold bugs have lost the war in America with Trump but they already have won the war in Eurasia with Xi, Putin, Modi. Trump America going fictional crypto and Eurasia going real gold. Virtual economy in America vs real economy in Eurasia
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Contrary to fake news spread by the bitcoin cartel with their "dump gold" campaign, facts are that #gold is NOT being demonetised. On the contrary, since 2008 crisis gold has been accumulated by central banks, sovereign funds in large quantity at an accelerated rate since 2018.
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Russian Official #Gold Reserves: Russia adds 9.3 Tonnes to it's official international reserves in March
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I stand by my hypothesis that a Biden high probability win will push #gold back above $2,000 and possible testing $2,500 by election day. Chaos in US between November election day and inauguration day in January makes gold testing $3,000 probable by end 2020 or end January 2021.
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#Silver News (April 2024): Silver Industrial Demand Rose 11% in 2023 Reaching a New Record, Silver Demand for Photovoltaics Increased 64%, Surpassing Estimates - Silver Institute via @SilverInstitute
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Silver Institute's News (December 2022) - Global #Silver Demand for 2022 Forecast to Reach All Time High.Silver Jewelry and Physical Investment Projected to Rise by 50 Million Ounces, Also to Record Highs via @SilverInstitute
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There is no collusion, collaboration between EU, Russia, China against US in the international monetary system presently but all three are moving in the same parallel directions away from the US dollar for identical reasons: US Treasury's war.
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Gold: Last night (Jun. 24, 2019) Russian legislators passed a draft bill to the Duma, the Russian Parliament, to remove the 20% VAT on investment #gold (highest VAT on investment gold in the world). Expected to lead to structural change in Russian Gold Market. - via @JReade_WGC
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US Treasury, Fed are the biggest currency manipulators in the world and have been for 60 years with almost perfect consistency. #Gold remains US dollar's Achilles' heal. Gold above $2,000 and holding is hell on earth for US dollar.
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Bank of Russia: "Since April 1, 2020, Bank of Russia has suspended the purchase of #gold in the domestic precious metals market. Further decisions on the purchase of gold will be made depending on the development of the situation in the financial market.".
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Again I repeat, BRICS are also cooking something big America wouldn't like. Pay attention (international payment system, petrodollar, #gold).
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To paraphrase Putin: the World is not ditching the dollar, the dollar is ditching the World. Trump's weaponisation of the dollar is forcing the World into #gold, euro, yuan.
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Germans buying physical #gold, Russia National Wealth Fund considering buying gold; Russia, China central banks continue buying gold; Poland, Hungary central banks buy large amounts of gold; Euro Area (57.4% gold), ECB (29.5% gold) considering gold as a hedge against the dollar.
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BRICS exploring ideas to create fairer payment mechanism to reduce US dollar dependence: South African Foreign Minister Naledi Pandor via @economictimes
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US Treasury's War on EU is/will push EU into an alliance with Russia, China and even maybe India to a reset of the international monetary system that eliminates the "exorbitant privilege" and abuse by US of the US dollar. Gold will be used to support the new system.
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World Official #Gold Reserves (November 2017): since the 2008 financial crisis central banks bought back 43.4% of all the gold sold from the 1965 top to the 2008 bottom - Dan Popescu
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"US would be the last country to ever agree to an international monetary reform that would eliminate this free lunch." Robert Mundell 1997
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@jacksonhinklle Because China is NOT communist and NEVER was. It used to be socialist and is now state capitalist.
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And bitcoin bullies who never studied chemistry, physics but who pretend to be tech savvy when in reality they are tech idiots say #gold is useless relic of antiquity. Gold is past, present and future tech if you know anything about chemistry, physics.
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When Wall Street, Cryptocurrency exchanges suspend selling it's NEVER for technical reason. It is always for their own financial survival they suspend only selling. Technology only used as excuse to deflect client attacks, lawsuits. Technology is able to cope with high volume.
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Euro vs US Dollar Payments via SWIFT: Share of US dollar is in constant decline since 2015. As of June 2018, the US dollar was only 5.38% higher than the euro.
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You have to analyse each tyrant case separately. Gaddafi (Libya), Ben Ali (Tunisia), Mubutu (Zaire/Congo) family did have cash, gold, real estate stashed in Europe.
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@ezralevant Educate yourself about "energy". Electricity is "energy" and Ontario and Quebec sell electricity (hydro and nuclear) to US. Oil and gas are not the only forms of "energy".
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El Salvador's Bukele administration is planning to launch a national stablecoin cryptocurrency, which it preliminarily called "Colรณn-Dollar", by the end of this year. It didn't take long for Burkele to drop bitcoin for his own fake US dollar stablecoin.
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GDP-PPP BRICS vs G7 in 2023:.BRICS $54. 81 trillions.G7 $51.94 trillions. EU $24.05 trillions close to US $26,70 trillions.
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A BRICS monetary, payment system is also being arrogantly dismissed by Americans despite very clear indications and have been since Ukraine invasion sanctions and even before, but it's serious. China, Russia but also India have definitely chosen #gold in some form to back it up.
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Stablecoins backed by gold will kill bitcoin backed by nothing.
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Central banks added 160.5 Tonnes to global #gold reserves in March, with a large purchase by Hungary of 63.0 Tonnes the most notable activity in the month. Japan's 80.8 Tonnes addition was the result of an intergovernmental transfer of gold. - World Gold Council via @GOLDCOUNCIL
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