Posts by Melissa Sanchez17

United States repatriates gold from Federal Reserve🙂

https://www.bloomberg.com/news/artic...ngland-storage

“The gold symbolizes the strength of the country,” Glapinski told reporters on Monday.
What is this Fed guy even yapping about? 🙂

https://www.kitco.com/news/video/sho...w%3DKitco-NEWS

Nathan Evans78 said:The idea of a dollar or euro collapse is clearly swirling in the back of the minds of central bankers worldwide right now—after all, look at how much gold they’re gobbling up. We aren't just talking about next week; this is long-term risk management for the next 30 to 50 years. It leaves me wondering: is the Swiss Franc actually a more reliable anchor compared to all this other fiat paper?

Disclaimer

History shows us that countless civilizations have fallen and countless fiat currencies have vanished into thin air, so it's only logical to contemplate a potential collapse. Just please, DON'T THINK for a second that I am preaching about the end of the world or some sort of apocalypse.

The Eurozone is sitting on over 11,000 tons of gold. The USA has north of 8,000 tons. Switzerland has about 1,000 tons. So, there's the breakdown of the "toilet paper" reserves. To be fair, ten years ago, I was right there with you guys, obsessing over the dollar and the euro failing. But my take has shifted a bit. If we actually see a reset of this current monetary system, my bet is that it’ll be driven by an overwhelming demand for the dollar—basically making it too strong to handle. One way that could play out is if the Eurozone falls apart entirely. Anyone got a crystal ball handy? 😃

https://www.armstrongeconomics.com/m...undering-laws/

Back before 2017, you could pick up gold anonymously if you were staying under $15,000. Then, in 2017, they dropped that ceiling down to $10,000. Fast forward to 2020, and now Merkel has absolutely gutted it—slashing the limit to a measly $2,000.

is this actually legit??

https://www.zerohedge.com/markets/dr...guidance-eases

Looks like Mario just declared war on America 😁
A new round of QE !!! is officially incoming

Just two "experts" out here throwing random numbers around... total nonsense 😁

William Sanders6 said:Greetings to everyone.

I have two questions regarding current market conditions...

1. What exactly is driving this massive surge in gold prices we've seen over the last few months? I suppose there must be some underlying reason for such a sudden spike.

2. I am considering purchasing a very small amount of gold. Given the unsettling price jumps recently—and considering that gold generally follows standard bull and bear cycles—I am somewhat uncertain whether it would be wiser to buy now or perhaps wait until the end of the year.

I would appreciate any insights you might be willing to share.

So, you have zero clue why gold is climbing, yet somehow you "know" you should probably wait until the end of the year? Also, what exactly constitutes a "tiny amount"—we talking a couple of grams or actual ounces?

Melissa Sanchez17 said:You watching those mining stocks? This could be a killer entry point.

Dumped my Majestic silver. Honestly, I've got my doubts about this precious metals bull run lasting much longer—just playing it safe. I'm good with where I am.

Since the US holds the privilege of having the world's primary reserve currency, they can basically print money until the sky turns blue because there’s always someone out there desperate enough to buy it. Meanwhile, they’re busy looting gold—those ancient relics of the past—from other nations, even while all those Wall Street banksters and their cronies insist that gold isn't even "real" money anymore. 🙂

https://www.zerohedge.com/news/2019-...-tons-its-gold

James Rogers53 said:So, where are you guys keeping your gold? Back in a bank account? Or just stashed at home? 😲😲

Keeping it in a bank vault—or even a safe deposit box—comes with its own set of headaches. I can't help but think about natural disasters, like an earthquake hitting the coast. If everything goes sideways and the insurance company decides to bail on you...

If an earthquake wipes everything out, including the house you're actually living in, I promise you some shiny piece of metal is going to be the absolute last thing on your mind. 😁

dustyheron5 said:This is exactly why you hold gold.

The dollar feels rock solid right now—but nobody can predict when it might face a collapse similar to the Turkish lira.

https://www.bloomberg.com/news/artic..._medium=social

You watching those mining stocks? This could be a killer entry point.

Taylor Robinson51 said:The people over at silverdoctors.com are doing more harm than good. It’s just a breeding ground for charlatans peddling conspiracy theories about flat earth and vaccine conspiracies...

Look, I am pro-Goldman Sachs. In my view, anyone looking to invest or save should hold a specific percentage in gold. But honestly, seeing sites like silverdoctors.com or kingworldnews.com makes me sick...

I'm with you on that. But let's be real, none of them can even touch Bo Polny. Everything else is just amateur hour.

It isn't just about digging up gold and shipping it off—after all that work, they go through the whole refining and shaping process just to shove half of it right back underground into some Federal Reserve vault 😵

Lipa, Beppe Grillo actually raised this point way back in '99. Like, what the hell is the actual point of gold, and why do banks even bother holding onto it? Why are we busting our backs pulling gold out of one hole in the ground (a mine) just to stuff it into another hole (a basement vault)? Honestly, it’d be way more efficient to just build the bank right on top of the mine 😁



*I can't seem to track down a version of this video with subtitles for those of you who don't speak Italian

Amanda Allen4 said:Look, I am nowhere near being some high-net-worth individual, but I do hold gold that seems to follow the exact playbook laid out by Egon von Greyerz: it is held outside my local jurisdiction, it exists in physical form, and it remains entirely decoupled from the banking system. Specifically, my holdings are secured in Loomis vaults located in the UK and Switzerland.

So, no, it isn't sitting under my floorboards. Is that clear enough for everyone?

Hey, if that setup works for you, who am I to judge your life choices? I don't know how much metal you're actually holding, but let's be real—storage isn't free. Sure, Loomis is a huge, reputable player, but personally? When it comes to precious metals, I don't trust anyone—not even the big names or the stuff they're peddling right now.😁

But seriously, what does "outside your jurisdiction" actually mean in practice here?

Amanda Allen4 said:My question concerns the advice given by Egon von Greyerz—specifically his suggestion that one should hold gold in a jurisdiction outside of where they actually reside. What exactly is so incomprehensible about my inquiry regarding how to actually access it when the time comes? To suggest that someone should have to fly from their home in the States to some distant location just to reach their "buried" gold whenever they need it—it’s nothing short of absurd!

Look, I realize you can keep him at arm's length without anyone even noticing—but that wasn't exactly the point of my question, was it?

I think people are mixing up two completely different things here. You’ve got the "regular Joe" version of gold—the kind of stuff tucked away in a drawer or a home safe, maybe a couple ounces or ten if they're lucky—and then you have the massive institutional gold held by some billionaire or a giant hedge fund. The idea that an individual needs to stash their gold outside of the country is just pure nonsense to me—it’s honestly pretty idiotic when you think about it. If you move it offshore, how the hell are you supposed to bring it back in? You’re basically just making it impossible to ever actually hold your assets again.

vividgull10 said:Some central banks have already dumped their gold reserves, treating it like some useless relic from the past.

Which central banks are we supposed to consider relevant then? (Personally, I’d say none of them)

Honestly, there isn't really a straightforward answer to that one. 🤣
https://en.wikipedia.org/wiki/Gold_reserve

Amanda Allen4 said:The thread isn't dead—and neither is the momentum! In the two weeks since you posted that, gold has already climbed to $1,338.

Yeah, and there’s plenty of gas left in the tank to hit $2,375. Then we'll see if we were right or not. 😁

Man, it’s such a bummer this thread went totally silent. Gold was actually getting interesting for a second there—sitting just a few bucks shy of $1,307. If it had managed to break higher, we might have been able to call it a day and say the bears were finally dead and gone, right? But since it stalled? Honestly, I wouldn't be surprised if we see a retest down at $1,150, or maybe even a dip toward $1,050. If it holds above those levels, then yeah, we're looking at the start of a massive bull run. But if it slips past them... well, looks like we're back to playing the waiting game for another couple of years.👎?

Robert Vaughn10 said:Jim Rickards outlines potential triggers for a crisis—one of which might act as the single snowflake that sets everything in motion:

https://dailyreckoning.com/waiting-for-the-avalanche/

"And even in the lowlands, the flurries will fall, gradually turning into snow."

The chump literally just copy-pasted his own text from back in 2014.

https://dailyreckoning.com/3-very-re...cial-collapse/ 🤣

hollowmoose21 said:Who's trading? 😵 🤣
I mean, he could actually pull it off. Buy some S&P puts and go long on gold on Friday, let a few H-Bombs drop over the weekend, and boom. 😬

Feels like some big-shot leader went out and bought way too many options this morning 😁

http://www.zerohedge.com/news/2017-0...le-launch-prep