• Short guides to forum navigation, searching, posting, translation, alerts and notifications viewable by clicking here.
  • Türk dostlarımıza hoş geldiniz Giriş burada.
  • Scammers are running ads on Facebook and Instagram claiming a giveaway. DO NOT OPEN THESE LINKS AND LOG IN. See this thread: here

Gold, Silver and more - Interesting Reads

A new brick for BRICS.

Anyone remember the brick-sized mobile phones from the early '80s?

The BRICS now have a new brick, not subject to sanctions: the made-in-China-only Huawei Mate 60, using a domestically produced 5nm chip, WiFi 6 (so up to 40% faster), claimed to recharge fully in 30 minutes and 6G compatible (so many times faster than 5G), released end August 23, just before yesterday's ban on the use of Apple iPhones at work by Chinese government staff.

Yes, China's one-child policy and the general, global drop off in fertility mean the domestic customer base will halve by 2100, apparently, **but** this will be replaced with growth from BRICS countries. Apply this to any product.

China is moving more quickly to survive with BRICS than I'd thought, but I'm not Xi, riding that tiger, but with a 100-year plan.

My wager is that everyone reading this has used more than one phone by a manufacturer that no longer produces mobile phones. It is more in the nature of those companies to fail or drastically shrink than to survive: Amstrad (!), Palm, Motorola, Blackberry, Ericsson, Microsoft, Nokia...

If a business depended on mobile phones to, for example, save, send and spend gold, it's reassuring to see countries and trading blocs ensuring future supply. This is especially so when each phone requires about 0.03g of gold and 0.34g of silver, China and Russia being the top two producers of gold globally.

It's no coincidence that Sir Isaac Newton invented gravity after an apple fell on his head and now we know the next to fall.

Huawei Mate 60 Pro - Full phone specifications

www.gsmarena.com www.gsmarena.com


Screenshot_20230907_085425_Brave.jpg
 
Last edited:
yet one might ask, are they seeking some cash to buy the dip they will soon be causing?
 
www.tichyseinblick.de

Markus Krall: "Staatsfeind Nummer 2"

Der Manager und Autor Markus Krall ist Zeuge im Verfahren um den „Reichsbürgerputsch“. Doch er wird behandelt wie ein Staatsfeind, seine Wohnung durchsucht, Handy und Laptop beschlagnahmt, ein Mandantengespräch illegal abgehört. Dokumente an Medien durchgestochen. Der Staatsanwalt hat kein...
www.tichyseinblick.de www.tichyseinblick.de

Dr. Krall who is a German economist and gold bug gets caught up in the Prince Reuss (the coup guy) investigation.

I suspect this will spiral into a media spectacle ala Trump trial.
 


A member of Congress proposing something that isn't retarded. Doesn't happen offen, but every once in a while there are unicorn bills.
 
  • Like
Reactions: ROS
The GSR is also different. The Chinese opening GSR was 79.65 whereas Western spot pricing GSR was in the 84 range.
 
Decoupling in the making and major arbitrage potential.
Also impacts oil purchase now that SA and India are talking about trading in local currencies.

Like I X'ed, Petro-$$ is like Jazz, not dead yet but smells funny..
 


Highly recommendable interview with Russel Brandt and Jordan Peterson.
It's not exactly sound money related - but has a couple of bangers in there.
Really enjoyed this interview, covers the topic of tyranny and online culture.
 
The Effects of Long-term Inflation

Argentina's next elections are on 22 October. The likely winner's policies include:

"...monetary reform. This measure includes allowing the use of any commodity or foreign currency as legal tender and the liquidation of the central bank, which would result in the elimination of the Argentine Peso."


Therefore "any commodity" can be gold and silver. The statement has been interpreted as a reversion to the US$, but this is expressly not stated. The impression of Milei given in the Western press is very different from what he actually says.

Read with the other points, major change is planned in what is a naturally rich country.

The piece is worth reading in full to anticipate what's possible in other countries when inflation over 50% p.a. persists for longer than one year, especially if there's any kind of success in Argentina.

When citizens have been pushed for too long in one direction, their choices can seem surprising, but in fact make sense.


"Never Embrace Socialism... Or The Siren Song Of Social Justice" - Argentine Presidential Candidate Milei Warns Tucker Of The Dangers Of Statism | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Last edited:
The Gold Elephant in the Room

See below. The longer that national currencies are *not* adopted for a common payment system in BRICS-SCO-EAEU, the more likely it becomes that Kinesis will be adopted via Indonesia.

The organisations want the simplest, single commodity-based money, run on the blockchain. That's Kinesis.

Below, at "Liquid and stable as vodka", are the latest discussions. Elsewhere the article mentions just a few of the details about the huge developments happening in the global south and that would best be managed by a monetary system from Kinesis.

Escobar: Welcome To The 'De-Westernization Movement' | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Some notes from someone who was at the summit:

"They have outlined what their goals are Re the planned BRICS+ currency. Very centralised around China and Russia. India not entirely committed to the currency. Each country in the BRICS setup and joining now should commit a minimum amount of Au into the currency pool. China wants to invest towards state owned gold mines either existing or new set up as they want the Au to come from a centralised supplier. There is a question mark regarding the ownership of the Au as well as the transparency between the state and the management BRICS.

Countries who do not have Au reserves will need to buy reserve either from these newly established central parties, or if they have Au mining capacity, should one of their mines be state owned.

The multiple commodities are traded against the gold as gold will be the underlying asset for the reserve currency. Coming back to point where in the event a country do not have Au reserve or have the possibility to mine Au under state control. The Au can be purchased from a centralised market within the BRICS+ community. In that sense this may be what the reference is to multiple commodities. That multiple commodities may be used in order to advance Au growth for the BRICS currency.

Countries and its economic advisory are very worried about leaving metals centralised at one location, or within the more likely locations I.e China and Russia. India, Saudi, Brazil and SA recommended that metal holdings be stored at multiple locations. In that regard it seems like ‘BRICS’ will purchase land in various locations and if approved by the BRICS member country, the piece of land will be ‘neutral’. This is where a vault may be present and no state will have any ownership of this piece of land. The suggested auditors may be the central banks of the respective BRICS member countries, with an independent audit group.

Much of the success of the BRICS currency will be driven by mutual trade agreements so that trade agreements are balanced with respect to importing and exporting. The New Development Bank will be a key driver of this in order to develop inclusive industries which aims to supply demand, both inbound and outbound."
 
Lozion said:
Countries and its economic advisory are very worried about leaving metals centralised at one location, or within the more likely locations I.e China and Russia. India, Saudi, Brazil and SA recommended that metal holdings be stored at multiple locations. In that regard it seems like ‘BRICS’ will purchase land in various locations and if approved by the BRICS member country, the piece of land will be ‘neutral’. This is where a vault may be present and no state will have any ownership of this piece of land. The suggested auditors may be the central banks of the respective BRICS member countries, with an independent audit group.
Click to expand...
This is interesting. I've felt since the summit that the biggest hang-ups are China and Russia dominating and trust being a major factor. This will be amplified as other countries join. Other countries fear that they will have massive third party risk. Especially now that the US has opened the door on taking reserves in Russia's case.
 
Neutral plots of land to host the vaults is ingenious to mitigate the counterparty risk refered to, a la Vatican City or City of London? A entirely new kind of jurisdiction? Fascinating prospect..
 
You must log in or register to reply here.

Translate

Back
Top