Our governments and the missing gold? Please click on the link for the original video.
https://www.youtube.com/watch?v=yAluP3229cI
Transcript
Most of the world’s gold is either missing or was never real in the first place.
Trillions of dollars of gold over the years has secretly been shuffled around behind the scenes through dark doors or the gold never really existed.
From the start in fact this might go down as one of the biggest scandals in the history of the world.
You see back in the good old days by which I mean before the Federal Reserve started pulling Financial levers like a desperate slot machine addict the US dollar was directly tied to Gold under the Gold Standard Act of 1900.
$20.67 in American dollars was worth one full ounce of gold meaning you could
walk into a bank slap down $20.67 and you would actually get gold back from the bank and at this point the US Treasury held massive gold reserves to back every dollar in circulation.
I mean the system was so elegant in its brutality if you wanted to print more dollars you had to have the gold to match this naturally prevented money printing frenzies and forced fiscal discipline which as history has shown is something governments hate more than giving young people a shot at buying a house in the 2020s then in 1913.
The Federal Reserve was born the financial equivalent of a problem child that
starts small fires and blames the dog the Fed was supposed to stabilize the economy which is funny because within 16 of the world’s monetary reserves which made the dollar the heavyweight champion of global currencies.
But then came the Great Depression and Americans fearing Bank collapses did what any
rational person would do they rushed to withdraw their money in gold this was a major problem for banks because they didn’t have enough gold left to cover gold deposits.
Just as today’s Banks don’t have enough actual cash to cover everyone’s digital Bank balances.
The whole system was built on confidence and confidence at the time was in free-Fall
so in 1933 Franklin D Roosevelt had an idea.
What if the problem wasn’t the banks but the people his solution declare owning gold illegal this happened seriously under executive order 6,102 signed on April 5th 1933.
Americans were forced to turn in their gold coins bullion and certificates to the
government at a fixed rate of $20.67 per ounce.
If they didn’t they could face up to 10 years in prison or a $10,000 fine which is around
$230,000 in today’s dollars.
So once the government had vacuumed up enough gold from the public it promptly raised
the price of gold to $35 an ounce in 1934 under the gold Reserve Act in other words the government stole your gold for $20.67 then immediately revalued it higher instantly devaluing the Dollar by 69%.
Nice if this sounds like a scam congratulations you have some financial literacy but the real star of this era which is relevant today was Fort Knox this was built in 1936 and was used as a massive gold storage facility in Kentucky by 1941.
Fort Knox alone held about 650 million ounces of gold approximately 65% of all the gold ever mined in human history.
Essentially Peter schiff’s wet dream but after World War II the US held so much gold that it essentially bullied the rest of the world into making the dollar the king currencies enter the Breton Woods agreement of 1944 a meeting of 44 Nations where the US flexed its gold reserves like a guy in a Ferrari revving his engine in a parking lot.
The new Global Financial system worked like this the US dollar was pegged to gold at $35
an ounce all other major currencies were pegged to the dollar so if a foreign government accumulated too many dollars they could exchange them for us gold at the $35 dollar rate.
For a while this system worked the US had about 20,000 tons of gold in reserve about half of the world’s gold at the time and foreign Nations trusted Uncle Sam to play fair.
But if you’ve been paying attention you already know where this is going America
cheated you see while the US claimed it would hold enough gold to back the dollars it printed it also secretly started printing way more dollars than it could actually redeem and by the 1960s countries like France started getting nervous.
French president Charles de gal never won to trust the anglos took one look at the growing us deficits and said nah I want my gold and so he did what the system allowed he sent
French warships to New York converted billions of dollars into gold and had it shipped back to France.
Other nations caught on and started doing the same this led to a massive gold drain with
the US losing over 50 % of its reserves between 1958 and 1971 by the late 1960s the London Gold pool which is a secret Arrangement between the US and European central banks to suppress gold prices.
But anyways that’s a side tangent the London Gold pool collapsed under the weight of
rising demand the final straw came in 1971 when Nixon realizing the US was about to get cleaned out officially, temporarily closed the gold window and well it never really reopened.
From that moment on the US dollar was backed by nothing the us simply told the world
we’re not going to give you gold anymore but trust us the dollar is still worth
something and miraculously the entire world accepted it well mostly the dollar still functioned because it was backed by the might of the United States military and later the Petro dollar system.
But Fort Knox well it was sealed shut and that brings us to today over 50 years have passed since the last true audit of America’s gold reserves in 1974.
Some journalists were allowed a quick photo op inside Fort Knox but there has never been a full independent audit.
The last comprehensive audit was in 1953 let me repeat that the last time anyone fully verified the United States gold reserves was when Dwight I enh Hower was the president and people still thought smoking was good for you.
So is there actually any gold in Fort Knox or is it just an empty Vault being guarded
for no reason well we don’t really know however we do know that a lot of countries are demanding their gold back from the United States today.
If you’re wondering why this wasn’t a big deal for decades it’s because most Nations trusted the United States to store their gold it was safe it was convenient and more importantly it let America hold on to some financial leverage over other countries after all.
If you hold someone’s gold you kind of control their ability to do business on their own terms but in recent years that trust has been evaporating faster than a Ponzi scheme in a market crash.
For example Germany one of the most patient Nations on Earth asked for 674 tons of
gold back in 2013 the US response well it was yeah sure but uh it’s going to take a few years guys but Venezuela they tried to get their gold back from the bank of England in 2018 only to be told nah we don’t think you deserve it anymore.
In other words your gold isn’t really yours if a foreign power decides you’re on their bad naughty list turkey Poland Austria Hungary and the Netherlands have all been pulling their
gold out of the US and the UK like they know something that the average person doesn’t this isn’t some minor Trend it’s a full-blown International gold repatriation movement.
You’d think that with all this uncertainty gold’s price would be going through the roof and it sort of is but maybe not soaring as much as it should.
Why well that’s because the modern gold market is about as rigged as a WWE match so there is something called paper gold.
It’s a system where financial institutions have figured out how to sell way more gold than they actually have today.
For every 1 ounce of actual gold there are two 200 to 300 ounces of paper gold floating around in contracts ETFs and Futures Trading in other words people think they own gold but what they actually own is a promise from a bank or not be honored if everyone tried to cash out at once.
Pretty much the current gold market is the equivalent of selling concert tickets to a venue that doesn’t exist. As long as no one shows up at the door demanding entry the scam works just fine but if people actually start knocking well poop hits the fan and this is where things get scary because if the US gold reserves are lower than reported
and if paper gold collapses under its own weight then the entire system could implode overnight.
So a big question is does the us actually have this gold the short answer is no one really knows.
The government swears it’s there it says trust us guys it’s there but they refuse
to let anyone see it foreign countries are pulling their gold out of the US vault like they’re bracing for impact and the gold market itself is so leveraged with fake gold that if people started demanding physical delivery it would expose a financial fraud of biblical proportions but this isn’t just about a few paranoid governments wanting their shiny metal back okay this is about a global power shift a financial system that’s looking shakier than a Jenga Tower in an earthquake.
And the creeping realization that gold might be on the verge of making the biggest come
back since bellbottoms and cocaine in the’ 70s so let’s get to the real question is the world trying to break free of the US dollar.
Is gold about to take over as the financial Kingpin of the world and are we looking at the
mother of all economic resets I mean for the longest time gold was treated as a boomer asset something your paranoid Uncle would bury in his backyard next to his emergency stash of canned beans and ammunition.
Governments especially in the west moved away from gold claiming it was a barbaric Relic they did this while embracing the sweet flexibility of fiat currency and Fiat money but now suddenly central banks can’t buy enough gold.
In 2022 alone they purchased over 1,000 metric tons of gold the highest level since
1967 by 2023 gold buying had reached another record-breaking Pace with China Russia India and turkey leading the charge even countries that don’t traditionally hoard gold like Qatar or Singapore and Thailand they have joined the gold buying spree.
But why would these countries many of whom have been happily dealing in dollars for decades why would they suddenly start stockpiling gold like it’s a limited edition.
Supreme drop it all comes down to one thing they don’t trust the United States Financial system anymore when the US and its European allies froze over $300 billion dollar of Russia’s foreign reserves in 2020 22 as part of their economic sanctions it sent a giant wake up call to the rest of the world.
If Russia’s dollar and Euro reserves could be turned into worthless numbers overnight then any country that pisses off Washington or Brussels could be next and that’s why we’re seeing this massive gold buying spree nations are realizing that the only way to guarantee Financial sovereignty is to hold assets that cannot be frozen seized or manipulated
by Western powers and gold well gold is the ultimate Fu to the financial system
it’s neutral it’s recognized everywhere and most importantly it’s real.
You see for years bricks Nations which are Brazil Russia India China and South Africa have been quietly plotting to create an alternative to the US dollar these countries hate the fact that the US can just print infinite dollars dictate global trade terms and when necessary use the dollar as a weapon.
The bricks response is a potential new gold backed Trade Currency Russia and China
have been not so subtly hinting that they want to move toward a system where
global trade is settled in gold or commodity-backed currency instead of dollars.
It’s basically the financial version of telling the US yeah we’re not buying drinks with your Monopoly money anymore this bar only takes cold hard cash or in this case giant shiny rocks even Beyond bricks countries like Saudi Arabia Iran turkey and Argentina there are all exploring ways to move away from the dollar the Petro dollar which has been the backbone of the US economic dominance since the 1970s is now facing its biggest threat in decades.
As Saudi Arabia is considering accepting gold or Uan for oil instead of dollars that’s
basically like telling your sugar daddy listen babe it’s been fun but I think I’d rather be with someone who actually has real money not just maxed out credit cards and a massive gambling problem.
This is a direct challenge to the dollars of Gemini and if i a gold backed bricks currency gains traction it could cause a financial earthquake imagine a world where oil gas food and raw materials are no longer traded in dollars but in Gold backed currencies.
Instead the US would lose its ability to export inflation and suddenly America wouldn’t be able to print its way out of a financial crisis anymore and could this actually happen it’s possible and maybe it’s not guaranteed and it’s not certain but it’s somewhere in between.
The United States is like a washed up B still trying to headline Coachella while the rest of the world is busy streaming newer hotter acts on Spotify.
However all of this evidence points to something and that something is that I think a
financial reset is coming every major Global Financial order eventually collapses.
The gold standard gone in 71 Breton Woods gone by 73 the Petro dollar that might be gone pretty soon and if all these things continue like gold repatriation central banks buying gold and dollarization we’re looking at a tectonic shift in the financial fair value of gold.
Would have to be $10,000 to $50,000 per ounce today just to match the current supply of money at $50,000 an ounce gold is about to be the new Bitcoin except instead of weird
dudes yelling a Hoddle online.
It’ll be rich guys in suits screaming I told you Fiat was a scam and they’ll do this while you know snorting powdered gold like it was the 1980s all over again and if this sounds insane well it already happened before again in 1934 Roosevelt revalued gold from $20.67 to $35 an ounce effectively devaluing the Dollar by 69% overnight.
Nice a similar move today would make gold the only safe bet in a collapsing Fiat world so is a financial reset actually coming well all the signs are pointing in that Direction central banks don’t hoard gold for fun they do it when they know something bad is coming and right now they’re hoarding like they’re expecting the financial version of an
extinction level event if that happens gold will go from being a niche investment to the only thing standing between nations and total economic chaos by nothing might be coming to an end and gold the OG money might be taking back its throne and as you guys know I don’t
take gold sponsors or any sponsors on this channel at all however I am soft launching a few things that you guys might like.
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Whether it’s me helping you grow your YouTube channel or you just want to get acquainted and chitchat for a bit I can even check out and review your YouTube channel and give
you some tips if you want or talk about investing or business whatever you want
all of these things will be available on my website soon which you can check out
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As you’re watching this video but really hopefully within the next couple of days
anyways thanks for watching.