Brrrrrreaking: China ending paper trading in Precious Metals On MONDAY, could be HUGE

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In just one quarter, precious metals derivatives had soared from $79.28 billion to $491.87 billion. That’s a 520 percent increase in a span of three months. (See Figure 18 at this link. The last ten years of the graph is shown above.)

Looks like J.P. Morgan is in deep trouble. USA is in deep trouble

Last Edited by deepend2 on 08/13/2022 10:40 PM

Didn’t Biden geniuses put sanctions on Russian gold?

Markets crash monday?

If this ends The Federal reserve inflation that just steals from us at will, I'm good with it.

Go back to the Gold standard when money was real.

I don't like China and they will destroy us if they can but Rosthchilds and The Federal Reserve Bullshit Bank have robbed us of all our wealth since 1912 and we just take it up the ass.

I will not back down.

Somebodies talking about Crypto?

Ponzi, it will end. Hope Your holding a lot.

Silvertards, we ride!

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That was real..

Last Edited by Peter Quill on 08/13/2022 10:54 PM

i agree with the principle. however, do u realize how bad things will b? most Americans are worth a nickel if u do this. and truthfully, the averages say we are all in debt 10's of thousands each, not counting fed debt. where are the college educated citizens going to get 10 gold bars?

i'd have to think a bit on how the effects would work out and down to the working class level. most stuff in stores was bought on credit by stores. it ain't like the old days where inventory was paid for before it was delivered. how will CHINA want these walmart invoices paid for?

not only wall st but also 401k plans would crash and b worthless.

Their not going to get get 10 gold bars.
My 401k is Safed.
And We're armed.

Let it crash, our grandchildren will thank us instead of being slaves.

no other tweet or information to confirm all this.

Uhm... silver and gold are not a good investment anymore. The byproduct of nuclear energy is precious metals. You can actually dedicate nuclear energy to do this too.

Does it make since to you now why globalist support the climate change activist in not supporting nuclear energy. We can recycle nuclear energy now even. Itis far less harmful to the environment than once thought even. It does not destroy the environment either, because it uses such a small space.

BS You Burn platinum (uranium) to make gold? Bs anyway not feasable.

Article back on July 25th on Kitco - May legitimize this tweet

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Chinese banks add restrictions to precious metal retail traders

Commercial Bank of China sent out a notice at the start of the month stating that it would increase guarantee deposit requirements for some transactions starting from the 8th July. Starting from 15th August it will also suspend the provision to retail investors of precious metals deferred settlements contracts on the Shanghai Gold Exchange, as well as purchase trades for spot contracts.

so they solved alchemy with nuclear energy? kiss my ass

Sounds like Silver and Gold-tards are riding.



^poop is crypto and every other form of fiat currency

China wants to avoid another nickel margin call fiasco which initiated a domino effect on China big banks and real estate market crash.

yes, and real physical gold is hard to come by.

where would the treasury get it? 'cause it's all tungsten at Knox.

:rere23:

They finally transmuted other materials into gold? WOOOOOOOOW

Maybe a coincidence but gold and silver have been in rally mode since July 27th so maybe totally unrelated to this or perhaps it took couple days for market to process that news.

Interesting

China's been hoarding gold for some time now

This is it.

Ezekiel was written by am Iron age moron who consumed some funny mushrooms. Basing anything on the book of fiction that is called the Bible is idiocy.

It has ups and downs, hard to analyze at this point.
Maybe China has been a long term gold and silver 'long' buyer.
Now they won't. This would cause paper prices to drop sharply.
Then again, maybe they have been assisting the western banks keeping it cheap to acquire their reserves, and been shorting it all along. This will mean an adjustment is required to the rig, the west will have to use other means to hold the line against high metal prices.

One thing people have forgotten is a giant loan of silver bullion, borrowed from the Chinese by the US took a very long time to repay, and now they have their silver.
They won't mind it going through the roof now.
Always wanting more gold, gold may stay lower while silver rises. The GSR being 98 to 1 will be in the rear view mirror.
So
We Ride!

Trust The Plan

How big is it?