Dinar Recaps

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Wednesday Night News, Rumors and Opinions 11-9-2022

KTFA:

Samson:  Agency: China and Russia have resorted to building gold reserves

9th November, 2022

Bloomberg Agency reported that the dominance of the US currency and Washington's strict measures to maintain it are forcing some countries, such as Russia and China, to build gold reserves.

According to the article, data from the World Gold Council indicate that central banks around the world bought 400 metric tons of gold in September, which is the equivalent of the usual purchase volume for an entire year.

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In the agency's view, all of this can be compared to preparing for "the end of the world, when people pile up canned goods and firearms in shelters with loads of gold bars." The article added: "Bullion has one important advantage: unlike a bond, it does not bind you to an unreliable third party."

In earlier periods, US national debt securities were considered a "risk-free" investment, but sanctions have frozen the reserves of the Bank of Russia, and the European Union is considering transferring this money to Ukraine, so "in a world where no one can be trusted, it makes sense that one saves oneself a golden rescue pillow."   LINK

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Samson:  A country neighboring Iraq signs a memorandum of understanding worth about 40 billion dollars with "Gazprom"

Iranian Oil Minister Javad Oji announced the signing of a memorandum of understanding worth nearly $40 billion with Russia's "Gazprom", IRNA news agency reported on Wednesday.

"We have signed a memorandum of understanding worth nearly $40 billion with Gazprom," Oji said on the sidelines of the Iranian cabinet meeting today, Wednesday.

The Iranian minister added, "We also put the development of fields and gas transmission lines on the agenda." He continued, "We have started bartering oil products, and we are also continuing to discuss the gas barter, and we hope that it will be implemented this winter."

Referring to the measures taken by the Iranian Oil Ministry to expand foreign investment, the minister said: "Today, large Russian companyes are investing in our country, including Gazprom.LINK

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Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  The parliament is putting pressure daily, coming on TV asking the CBI to make the rate change to curb inflation and help the citizens.   FRANK:   Isn't that amazing.  We know the GOI and the CBI are working in cahoots together to bring forth the new exchange rate.  But the GOI will not release the new government until we know the new exchange rate is ready to be released from the governor of the CBI...Once that happens all hell will break loose!

Samson  Article:  "Economist : Reducing the dollar exchange rate is not impossible and the current time is suitable for monetary change"  Quote:  "decreasing the exchange rate is not impossible, and this matter becomes a strategic option for monetary policy if the monetary reserve continues to rise...the current and next two years are the most appropriate time to bring about this monetary change."

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Goldman Sachs Expects Gold To SURGE Higher. Corporate Layoffs Accelerate. CRYPTO SLAMMED.

Greg Mannarino:  11-9-2022

https://www.youtube.com/watch?v=fFpNYmCMaAo

Cashing Out on Real Estate? Gold During Hyperinflation?...Q&A with Lynette Zang & Eric Griffin

11-9-2022

Viewer Questions:

Question 1: 1:02 I understand that the price of gold and silver will rise once hyperinflation. Will the final price be considered the fair market value and last for quite a while, or will these prices only remain for a short window, and we must act fast to sell some of our position to pay off mortgages etc., and then prices will come crashing down again?

Question 2: 4:33 During a bank bail in, would they bail in CD's?

Question 3: 6:03 Do you believe there will be a debt market implosion? Or will the FED and other institutions not allow it?

Question 4: 8:04 If you cash out real estate now in a good market, what are the best ways to de-bank the money?

Question 5: 8:56 I have done major precious metals purchases and feel I am all set. However, I still have $100K cash as my emergency fund. I am thinking to put this money in 3% savings account or short-term treasuries. Is there any risk, or is there better options to park the money in short term and still have it readily accessible?

Question 6: 11:43 If the stock market crashes will gold prices drop?

Question 7: 15:22 What do you think of goldbacks?

https://www.youtube.com/watch?v=gs8jqyQ1l3w

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