GOLDBUG: 8,133 metric tons if it is there

Friday, November 7, 2025

https://www.theburningplatform.com/2025/10/28/more-hints-at-whats-coming-in-2026/

More Hints at What’s Coming in 2026

Administrator — Posted on October 28, 2025Categories 

*** begin quote ***

In an interview last week, the U.S. Secretary of Treasury made an odd statement that was simultaneously ignored and discarded. We caught it, though, and you should again be made aware of what it foreshadows.

And what was that odd statement from Secretary Bessent?

As you undoubtedly know, the U.S. dollar has not been connected to the gold price since 1971 and the U.S. currently carries its 8,133 metric tonnes of gold at $42.22 per ounce. As such, how in the heck does a rising gold price “help the U.S. substantially”? Why does it even matter? And in this context, it’s a very odd thing for the sitting U.S. Secretary of Treasury to say.

However, what if we changed the context?

  • What if, instead, the U.S. is planning to monetize the asset side of its balance sheet?
  • What if, instead, the U.S. is planning to revalue its gold reserves in order to create a “deficit neutral” funding vehicle for its planned Bitcoin Reserve?
  • What if the U.S. Congress was considering a new bill to codify a gold revaluation as part of a Bitcoin and Sovereign Wealth Fund?
  • What if The U.S. Federal Reserve was already studying the impact of an official gold price revaluation?

Under those conditions, the seemingly odd, throwaway comment by Secretary Bessent makes a lot of sense. The higher the gold price, the more “deficit neutral” funding cash becomes available. Again, here’s the process. It’s plainly written into both bills that are currently before Congress:

*** end quote ***

8,133 metric tons is about 259,200,000 ounces at ~4k$ per ounce is 1,036,800,000,000 or ~1T$.

Guess that could make a dent in the 33T$ national debt?  NOT!

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GOLDBUG: The shift from dollar-based global economy to something else is glacially slow but you can see it happening

Saturday, November 2, 2024

https://www.gold-eagle.com/article/commodity-currency-revolution

The Commodity Currency Revolution
Alasdair Macleod
Author & Head of Research @ Goldmoney
April 7, 2022

*** begin quote ***

We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.

The ending of the financially based system is being hastened by geopolitical developments. The West is desperately trying to sanction Russia into economic submission, but is only succeeding in driving up energy, commodity, and food prices against itself. Central banks will have no option but to inflate their currencies to pay for it all. Russia is linking the rouble to commodity prices through a moving gold peg instead, and China has already demonstrated an understanding of the West’s inflationary game by having stockpiled commodities and essential grains for the last two years and allowed her currency to rise against the dollar.China and Russia are not going down the path of the West’s inflating currencies. Instead, they are moving towards a sounder money strategy with the prospect of stable interest rates and prices while the West accelerates in the opposite direction.

The Credit Suisse analyst, Zoltan Pozsar, calls it Bretton Woods III. This article looks at how it is likely to play out, concluding that the dollar and Western currencies, not the rouble, will have the greatest difficulty dealing with the end of fifty years of economic financialisation.

Pure finance is being replaced with commodity finance

*** end quote ***

We’ve seen the price of gold in dollars rise.  ₿itcoin is another example of the little people seeking to save in the face of massive inflation.  And, those ₿itcoiners who are holding on for dear life (aka HODLers) are obviously big winners and just don’t let go.

Some Gooferment just levied a 42% tax on ₿itcoin capital gains.  Good luck collecting that.  That’s why self-custody is almost mandatory.  I can see generations of family practicing tax evasion and avoidance as wealth is transferred inter-generationally by means of ₿itcoin, precious metal “coins” (i.e., rounds), and other hard invisible assets.  

For the “tiny savers”, for whom the price of gold and silver is too big a barrier to entry, ₿itcoin and Goldbacks are low cost ways to enter the market.

Not every seismic change happens quickly like a Tsunami, Earthquake, or Hurricane.  But like small tremors lead up to a big quake, this is happening right before us.

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GOLD: Pot of Gold found; testament to its eternal value

Saturday, August 24, 2024

https://www.goodnewsnetwork.org/archaeologists-find-literal-pot-of-gold-but-its-not-in-ireland/

Archaeologists Find Literal Pot of Gold, but it’s Not in Ireland
By Andy Corbley – Aug 8, 202

*** begin quote ***

It’s one of the best things an archaeologist can hope to find: a hoard of gold coins. One was dug up recently in a terracotta pot, meaning that, if one sustains the pun, they found a pot of gold.

They didn’t find it at the end of a rainbow, however, but it was at the ‘end’ of something—Asia—as the Ancient Greeks would have considered it.

Excavations among the ruins of Notion, an ancient city-state in modern-day Turkey, turned up the foundations of a house dating to the Achaemenid Persian Empire buried under another house built from the Hellenistic Period, or about 180 years later.

“The coins were buried in a corner of the older building,” Dr. Christopher Ratté, lead archaeologist on the project, told the New York Times. “We weren’t actually looking for a pot of gold.”

The coins are known as darics, which stems from the name of the Emperor Darius I, or from ‘dari-‘ the root word for gold in the Persian language. Dating to the 5th century BCE, it was a time of great upheaval as Greek city-states fought against each other, against Persia, and sometimes on behalf of Persia against other Greeks, when mercenary soldiers made up key components of many major armies in Asia Minor.

The running hypothesis as to the coins’ provenance is that they were buried with the full intention of recovering them later. They probably represented savings, as each daric would be around one month’s pay. However, the fact that they were never dug up from their little hole in the corner of the house suggests the worst.

*** end quote ***

For a number of reasons, I loved this story.  Sad for the original owner who never was able to retrieve his stash.  Wondering about any reward for the discoverers.  Curious how much they are worth.

Mine aren’t buried, but could be if need arises. 

There is something practical about having stashes and caches in turbulent times.

As usual, the politicians and bureaucrats of the Gooferment want everything they can steal so stash and cache are two prudent strategies for dealing with the modern day equivalent of pirates.

Argh!

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GOLD: Time to become a gold bug — just like a good Hindu should

Wednesday, July 3, 2024

https://internationalman.com/articles/time-to-become-a-hindu/

Time to Become a Hindu by Jeff Thomas

*** begin quote ***

For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.

Hindus make up 80% of India’s population and, to Hindus, gold is sacred. Lakshmi (pictured above) is the Hindu goddess of purity, prosperity and good fortune. Her symbol is gold, so gold plays an important part in Hindu ceremonial occasions and Hindus donate large amounts of gold to the temples in Lakshmi’s name.

In recent years, the Indian government has tried one ploy after another to gain control of the temples’ gold. The most recent ploy was a programme whereby the temples could deposit the parishioners’ gifts to Lakshmi in banks. The gold would then be melted down and the temples would be given cash in an amount that would exceed the value of the gold.

*** and ***

As every Indian – even those of limited means – understands, the greatest protection from such looting by governments is to liquidate assets and convert the proceeds into precious metals.

It’s unlikely that the average westerner will become a Hindu, but, if he’s wise, he’ll acquire his own personal Lakshmi in the form of precious metals storage and he’ll do so outside of his home jurisdiction, in order to have even greater insurance against confiscation.

*** end quote ***

FDR’s diktat robbed Americans of their gold and their freedom at the same time.  Time to take both back!

—30—

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GOLD: Time to become a gold bug — just like a good Hindu should

Sunday, June 30, 2024

https://internationalman.com/articles/time-to-become-a-hindu/

Time to Become a Hindu by Jeff Thomas

*** begin quote ***

For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.

Hindus make up 80% of India’s population and, to Hindus, gold is sacred. Lakshmi (pictured above) is the Hindu goddess of purity, prosperity and good fortune. Her symbol is gold, so gold plays an important part in Hindu ceremonial occasions and Hindus donate large amounts of gold to the temples in Lakshmi’s name.

In recent years, the Indian government has tried one ploy after another to gain control of the temples’ gold. The most recent ploy was a programme whereby the temples could deposit the parishioners’ gifts to Lakshmi in banks. The gold would then be melted down and the temples would be given cash in an amount that would exceed the value of the gold.

*** and ***

As every Indian – even those of limited means – understands, the greatest protection from such looting by governments is to liquidate assets and convert the proceeds into precious metals.

It’s unlikely that the average westerner will become a Hindu, but, if he’s wise, he’ll acquire his own personal Lakshmi in the form of precious metals storage and he’ll do so outside of his home jurisdiction, in order to have even greater insurance against confiscation.

*** end quote ***

FDR’s diktat robbed Americans of their gold and their freedom at the same time.  Time to take both back!

—30—

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GOLD: Time to become a gold bug — just like a good Hindu should

Sunday, June 30, 2024

https://internationalman.com/articles/time-to-become-a-hindu/

Time to Become a Hindu by Jeff Thomas

*** begin quote ***

For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.

Hindus make up 80% of India’s population and, to Hindus, gold is sacred. Lakshmi (pictured above) is the Hindu goddess of purity, prosperity and good fortune. Her symbol is gold, so gold plays an important part in Hindu ceremonial occasions and Hindus donate large amounts of gold to the temples in Lakshmi’s name.

In recent years, the Indian government has tried one ploy after another to gain control of the temples’ gold. The most recent ploy was a programme whereby the temples could deposit the parishioners’ gifts to Lakshmi in banks. The gold would then be melted down and the temples would be given cash in an amount that would exceed the value of the gold.

*** and ***

As every Indian – even those of limited means – understands, the greatest protection from such looting by governments is to liquidate assets and convert the proceeds into precious metals.

It’s unlikely that the average westerner will become a Hindu, but, if he’s wise, he’ll acquire his own personal Lakshmi in the form of precious metals storage and he’ll do so outside of his home jurisdiction, in order to have even greater insurance against confiscation.

*** end quote ***

FDR’s diktat robbed Americans of their gold and their freedom at the same time.  Time to take both back!

—30—

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GOLD: What does 80K$ / oz mean?

Saturday, December 30, 2023

https://www.zerohedge.com/markets/2023-goodbye-all

2023: Goodbye To All That
by Tyler Durden
Thursday, Dec 21, 2023 – 11:00 PM
Authored by Clive Hale via ‘The View From The Bridge’,

  • “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”
  • Forecasts create the mirage that the future is knowable – Peter Bernstein

*** begin quote ***

    It may seem quaint, but there was a time pre-1971 when you could divide the monetary aggregates (there are several) by the amount of gold held by the US Treasury and you would derive the reference price of $35/oz.

    And in 1980 when gold soared to $800/oz the dollar was 100% backed by the gold the US held.

    What is shocking is the amount of paper money created since that time frame.

    If one were to do the same calculation today (monetary aggregates/gold ounces held by the US Treasury) it would take a gold price of $80,000/oz to balance the equation.

    A far cry from today’s $1,950/oz.

*** end quote ***

Wow, I’m not predicting that will be the price.  I am predicting that the value of the U$D has been largely “inflated” away and the rubes aka “We, The Sheeple” just haven’t realized it yet.

I wonder when Joe-Sixpack in the Weimar Republic in the 1920’s realized that his German Marks weren’t good for anything but as firestarter.  Likewise the folks in Zimbabwe who went out to pan for gold to buy bread.

Things retain “wealth” as folks eventually learn after getting screwed by politicians and bureaucrats with their paper money.

—30—

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GOLD: And you thought only baggage handlers were this brazen?

Sunday, October 1, 2023
 
FBI sued after allegedly losing hundreds of thousands in rare coins during raid | Fox News
Jeni Pearsons says FBI may have stolen $2,000 from her safe deposit box: ‘They took it or lost it’
By Teny Sahakian Fox News
Published September 24, 2023 9:00am EDT 
 
*** begin quote ***
 
Mellein, a 79-year-old retired civil servant, kept cash and 110 gold coins worth hundreds of thousands of dollars in his box to safeguard his financial security. He invested in the precious metals with the proceeds after he and his wife sold their Malibu home in 2002. 
 
Pearsons and her husband Michael Storc similarly rented a security deposit box in 2017 as a financial safeguard, storing around $20,000 in silver and $2,000 in cash. 
 
*** end quote ***
 
Those 110 gold coins represent a tidy sum.  No idea if they were Bullion or Numismatic.  Either way not simething to sneeze at.
 
Why is “civil forfeiture” even allowed?  
 
It’s really just another form of Gooferment theft!
 
Better off digging a hole in your backyard!
 
—30— 

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GOLDBUG: Gold vending machines should come to the USA

Monday, June 26, 2023

https://www.zerohedge.com/commodities/gold-bar-vending-machines-rolled-out-south-korean-convenience-stores

Gold-Bar Vending-Machines Rolled-Out At South-Korean Convenience-Stores
by Tyler Durden  — Friday, Jun 23, 2023 – 04:15 AM

*** begin quote ***

Buying physical precious metals is a time-proven method of securing generational wealth while reckless central bankers debase currencies and ignite the worst inflation storm in a generation. Gold and silver investing has long been seen as a hedge against inflation and a store of value against currencies. Access to physical precious metals is challenging and usually involves a bullion dealer. Sometimes online dealers take weeks to receive the delivery. 

South Korean convenience store GS Retail, with 10,000 locations, has understood the soaring demand for ‘sound money’ and wants to enhance accessibility. The company rolled out gold bar vending machines with offerings in five sizes, weighing 0.13 ounces to 1.3 ounces, according to UPI News Korea. 

“The most popular gold bar is the smallest, the 0.13-ounce one, which is currently priced at around $225,” a GS Retail representative told the media outlet. 

*** end quote ***

How else can some youngster “save” for retirement?

Certainly it’s NOT in “dollars” or even in dollar-denominated assets.  When the FED, aka the Gooferment, is inflating the fiat currency into worthlessness.  Remember Zimbabwe and the Weimar Republic?  Coming soon to the USA.  

How long can the Ponzi scheme last?

—30—

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GOLDBUG: And, the Decline of the (American) Empire began … …

Friday, May 19, 2023

https://dailyreckoning.com/dec-23-1913/

Dec. 23, 1913  — “I’ll do the deed first,” said the president of the United States, Woodrow Wilson. “And then I’ll have something to say.”

By Byron King  — May 13, 2023

*** begin quote ***

The Dollar’s Lost 99% of Its Value Since 1913

And as the U.S. monetary system stood, this is how things were established on Christmas Eve, 1913, when President Wilson used four gold pens to sign a new law to create a central bank for the U.S., and to help U.S. business better function in a world still working on a classical gold standard.

Now, not quite 110 years later and in no small measure due to long-term efforts of the Federal Reserve, that old $20 American gold coin is worth nearly $2,000 just for the precious metal, let alone the scarcity premium and markup for whatever value may come with numismatic rarity.

In other words, do the math here: Over the past century and one decade, the value of a dollar has declined by 99% if you use gold as the basis for comparison.

Looking ahead, where do things go? Well, we could discuss it all day.

*** end quote ***

Penny candy, the nickel cigar, the dime store novel, and three silver dime gas  — all represent the counterfeiting of the dollar.

The Dead Old White Guys knew the result of paper money.  They had seen France descend into “democratic” chaos as the franc went from a gold hockey puck to thin shirt button.  

The rich got richer until the mob chopped off their heads.

Is the USA heading for the same fate?

IDK but at best it might dissolve just like the Soviet Union.  

Hopefully, the ₿itcoin or gold might save us from chaos.

—30—

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