Clapham
- Thread starter bnet
- Start date
ClaphamFox
Roofer
Sorry bnet - only just seen this.
I never hear anybody talking about the Global Reset in my work. All I know about it is what I’ve read online, which is not much. Would I be surprised if there is another major crash later this year? No, I would not. I don’t think many major banks will collapse as their balance sheets are a lot stronger than they were in 2008. But other parts of the financial services industry look highly vulnerable, particularly private credit.
bnet
Roofer
l was told this 5 or 6 years ago, before all this Covid bullshit, the lockdowns, the proxy war in Ukraine, all governments turning on their people. This was from ex top brass military and the former CEO for the Far East of a major bank. I didn't understand it but was told to buy currencies of asset rich, controlled countries.
I believe that the whole banking system is set to collapse and will reform in a gold backed format, fiat being wiped out as its nothing but fraud. l've put my finance in order for this happening. Yellon said a month or so ago that the banks will crash on a Friday so no one knows or can do anything until Monday. The reason l ask again just now was she held a meeting yesterday behind closed doors.
Its not my game but I've took a lot of interest over the last few years and l don't think anything that I've heard as been wrong, in general that is.
Richardvanles
Roofer
Reintroducing a gold standard could mean they ban the ownership of gold over a few oz as they did in the past. I’ve been buying about £250 of silver each month over the last three months to add to the silver I have already. Not an earth shattering amount but I’ve around 270 to 280oz now that I lost in a bizarre boating accident if ever shit hits the fan. Im just wondering, as it’s golds little brother so to speak, silver will become the trade of the minions. Hence the price has been deliberately suppressed until it becomes useful to the establishment and bankers.
For 100s of years an Oz of silver was calculated as a days pay. It’s about an hours pay now.
bnet
Roofer
l didn't realise that about gold, but if your money is backed by it then it won't matter. Everything I'm hearing lately is about getting your money out of the banks and into something solid.
Richardvanles
Roofer
What matters is how much they buy the gold back for. The government set the buy back price and made it a criminal offence not to give up your gold at the price THEY set. I’m talking about the USA now.
DagenhamFox
Blue Roofer
How do they know who has what?
Richardvanles
Roofer
When you buy gold from a main dealer, either on line or in a gold store there is a record of the transaction. Pretty much Same with silver (not talking jewellery here) that’s why most of my purchases over the last couple of years have been private transactions with trusted dealers. It’s a standard joke in the stacking world that all their gold and silver has been lost in a boating accident.
They could, if they wanted, track a fair few of my purchases but I’m sure most like me, small fry, would slip under the radar.
ClaphamFox
Roofer
Apropos of nothing, March 2023 looks to be the first month in two decades where global equity markets have posted a positive return despite financials dropping by 10%. This shows that there is money out there looking for a home...
Billsballbag
Roofer
Commercial property's in a mess at the moment. There's huge amount of work to do to reach ESG targets by 2028/30 and a lot of investors have undercooked their assumed capital expenditure requirements.
Meanwhile bonds are better value than what a lot have bought for all of a sudden.
Meanwhile bonds are better value than what a lot have bought for all of a sudden.