Question For Goldtenters – Revalue Now – Or Wait Until Gold & Silver Go Much Higher?
I am thinking about a US dollar revaluation.(ie Gold & Silver price revaluation) If you are going to do it, you usually surprise the market so that while there has been some movement and expectation, you gain a certain benefit and element of surprise. If you wait until the market has already adjusted(much higher gold and silver prices), what is the point? Since the banks have pretty much lost the ability to stop the rise in gold and silver, this is the time that makes the most sense to revalue the dollar, if you are ever going to do so. The administartion has desperately tried to stop the rise of gold and silver with the Bullard Bullshit on Thursday and now are trying to create a geopolitical excuse by war mongering. We know that Biden had leaked a couple of weeks back a coming announcement of an executive order regarding crypto currency regulation on grounds of national security. Might there be a dollar revaluation included? As I said recently, my best guess for the major explosive breakout in gold and silver was after the President’s Day Holiday weekend, but I wouldn’t want to not have core positions in place in case it happened sooner. This week or next, the time is at hand. Get right and sit tight!
Of course, this requires the US to re-adopt a form of gold standard, If Biden wants to ACTUALLY do something to stabilize prices, this is it. Will he, is another question?
Got it right, and sitting tight. 🙂
Thank you for that thoughtful analysis and possible near term outcomes CM !!
Gold in one pocket, silver in another, the GSR is going to tell what to do next (over 85, move wt from gold to silver, under 50 start moving wt to silver). Keeping paper positions small to provide short term (6 month) necessities. Doing so I believe takes the guess work about what is going to happen in the future regarding a possible dollar de or re-valuation (actually happening now and ramping up in to 2023 but if inflation (via supply disruptions, covid lockdowns etc.) isn’t working FAST ENOUGH, the one big advantage toward TPTB’s goal (brandon’s puppetmasters) of separating the haves from the have nots (ie destruction of the middle class) is a SUDDEN DEVALUATION (to your point CM) – and it may not happen in the USD but could be sparked in another currency. India’s Nov 2016 bank note fiasco was a test case of one outcome. I could envision the future USD still being called the “Dollar” but it will be morphed into something completely different than we know of today – just speculation on my part. First thing to go – the $100 paper bill because too many criminals use it or whatever excuse they think sheep will buy. Thanks again CM.
Regarding your point about eliminating the $100 bill. I agree and think it would be done soon after the intro of the CBDC. They will keep smaller denominations for a while but gradually remove them as well. Maybe $1’s $5’s & $10’s kept for a few years.