Central bank gold buying hits highest level in half a century

The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC).

Central banks bought the most gold by volume since 1967, according to the industry research firm, which also highlighted it was the largest amount since former U.S. President Nixon Richard's decision to end the dollar's peg to bullion in 1971.

Central bank net purchases reached 651.5 metric tons in 2018, 74 percent higher than in the previous year when 375 tons were bought. The WGC has estimated that central banks now hold nearly 34,000 tons of gold.

cnbc.com/2019/01/31/world-gold-council-central-banks-buy-most-gold-since-1967-.html

srsroccoreport.com/central-bank-gold-purchases-hit-a-record-in-2018/

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Looks like Ron Paul will be a billionaire soon.

So?

Sigh.

Die in a fire.

Trudeau on suicide watch?

The incredible vast majority of gold, like diamonds are locked away in warehouses. They are "unknown" and not counted when world's total gold quantities are calculated.

Yea, the currency system is falling apart.
I hope you have been stacking physical silver, because its going to be worth A LOT.

Do you even know what an aryan values?

Yeah, I wonder why. Could it be that a certain group of individuals are hoarding it and price-fixing the market?

Personally I would love to hear you defend the globalized fractional reserve banking system. Have at it.

Hmmmmm… what are the kikes planning?

Well JP morgan has over 150 Million ounces of silver. So probably pull the rug on the goyim.

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paper monies are receipt
Do not forget this.

It used to be a receipt but now it is just literally debt to the Rothschildren

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use for gold is mostly jewelry and electronics (which the prices for are too big to use gold in of itself and is usually changed for other metals)

It is worthless in world economy, only thing that it gives its worth is scarcity in mining ability
Same thing could be said with cryptocurrencies

Fiat currency has in contrast no scarcity due to constant artificially made inflation to stimulate the economy of the country

It is still a receipt for work or services rendered. You use the receipt to trade for or purchase goods, products, or services. The problem is the jews that run the monies system can, and do, fuck with the value, making every paid hour of work less valuable on the market when trading or purchasing goods, products, or services than it was at the time it was earned. A single set value of the monies and their effectiveness as a temporary store of value is required for a stable society. And the enforcement of monies as a receipt and not as a good, product, or service.

Actually it's been used for thousands of years as money till the kikes force fed us worthless paper currency


Right all the central banks stocking precious metals is just for fun since they are so worthless.


You mean the 10,000 different cryptos any old retard is able to create?


Fiat currency has to be borrowed into existence so it creates more debt which has to be payed back at interest. More debt is not good for the economy.

Monies are a store of value for work or services rendered. The only required characteristic for something to be monies is the inability for it to be forged from nothing.

Fiat
1. An official sanction, order, or decree.
Fiat simply means official. Be more specific in what you mean to say.

Yes MONEY (gold and silver) is how you store your labor. CURRENCY is not money because the jews can print currency and give it to themselves.

I said currency right after fiat so it's obvious what I meant. At this point it's obvious your are a JIDF shill trying to derail this thread nit picking at words.

Same thing can be said for animal pelt.
Anything can be used as money, even bottle caps, that doesn't mean it is a valid use for it in some sort of production process that drives economy.
We can trade "money" back and forth all we want but that doesn't drive economy.

They're hedging their bets that US economy will fall in next 2 or 3 years and that THAT will induce new recession even worse than 2008 one or 1920s one.
The fact of matter is that YES, this 2008-2019 year period of constant bear market (the second longest in history) only means that next recession will hit harder, but if it will happen in next 2 to 3 years or 10 years it is a bet that Russia and China is willing to bet on.
Dont let me get into big bubbles in economy that are China and Russia, but the next global recession will probably start in US and thats why they're buying gold.

Well Donald Trump stopped president Maduro from creating his Petro coins and Russia already created one. You could argue that China has control over their money externally and internally and that they don't need coins but if they were to make all those phone users change for coin I don't think they would mind.

In another words, you can just hoard bottle caps instead of pure gold, sure, but you can buy no name crypto instead of bitcoin also.

Some economists would try to argue different point but I guess you are right.
I don't see how gold, which has little to none intrinsic value is valuable then.

Characteristics of money:

That would be called bartering. Not every animal pelt is the same value as another and is not divisible so it would make horrible money. Bottle caps would be horrible since anyone could make a ton of them.


Not really anyone can copy the code and make their own bitcoins. Not only that the block chain can be forked and double the supply of the coins. Gold and silver are elements that can't be created outside of using an actual star to make them.


If the government didn't have to borrow the currency into existence I would have a lot less problem with it. They should just be able to create the supply without having to pay it back at interest if everyone wants free gibs me dats.


Well I guess you could argue all value is subjective to the individual. Gold is about $1,320 an ounce right about now. Look up article 1 section 10 of the constitution. Also the coinage act of 1792.

now you either don't know what cryptos are or you are purposefully acting like an idiot

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The meaning of a word is what gives value to that word. Yet, here in a thread about the value of things, you pretend that meanings are not important. You do not communicate with feelings but ideas.
You must be accurate in your use of words
or jews will try and trick you.

Currency
1. Something that is used as a medium of exchange; money. The sense of a flow or course extended (by John Locke) to "circulation of money".

Money
1. Any circulating medium of exchange, including coins, paper money, tendies, and demand deposits.

While they are presently used interchangeably, 'currency' is anything that can be traded while 'money' is made specifically for trade. While all 'money' is 'fiat', not all 'currency' is. It is important to be aware of and acknowledge this distinction.

Yeah but none of those are required aside from counterfeitable.
For example:
Buildings are easily damaged but are a store of value.
Land isn't portable but is a store of value.
Animals aren't readily divisible but are store of value.
Food has no standard of value but is a store of value.

These are preferences for increased usability but not hard requirements.

Who does this sound like?

It's pretty and it makes an excellent conductor…you know what has even less intrinsic value? The Federal Reserve Note.

They know it's coming and that only gold is money.

All goods are not equally marketable. The demand for some goods is limited and occasional. And the demand for other goods is general and constant. Therefore producers of those relatively less marketable goods are more likely to make indirect exchanges for relatively more marketable goods, so that they can more easily meet their own needs.
It is through this process that the most marketable goods become common mediums of exchange. And as those most marketable goods become mediums of exchange, the relative demand for those goods increases, further strengthening the position of those goods as mediums of exchange.
Therefore the requirements of exchange lead, naturally, to a selection of some goods as mediums of exchange. Regardless of the original size of this group of goods, the group necessarily reduces as producers endeavour to exchange for the most marketable commodities. Therefore an inevitable tendency exists for the less marketable goods to be rejected as mediums of exchange. And this process of standardisation must then repeat until only that most marketable medium, or those equally most marketable mediums, of exchange remain in the market; and this, in a word, is money.

...

Or they just fear being audited after pumping out endless cash with no proof of gold to back it up. Trump has been mocking the fed and has people around him who are advocates of a return to the gold standard. The French have been burning Rothschild banks. Everybody is waking up to the sham of centralised banks that enslave them. Perhaps they see the revolution and are buying up gold to try and stop nations stockpiling it for a return to the gold standard, or maybe just inflating prices to make nations purchasing power less.