Gold to $3,600 – Reactions to the USA weaponizing the US Dollar. 10 minute Video.
Credit Swiss document and consideration of Russian Oil for USA Gold Video from
Presented by The Rebel Capitalist, Dec 6, 2022.
In this video, George Gammon is sharing a Credit Swiss report suggesting the USA is considering buying Russian Oil to refill the USA Strategic Reserve. Treat this as gossip and a low possibility of happening, but it does give insight into the political thinking process. In other words, the USA messed up badly in planning & applying sanctions and is now considering breaking the rules of our own sanctions, because of the first screw-up. Imagine how dangerous our politicians would be if they actually applied critical thinking. Just one opinion.
The “gold for oil” is rooted in the USA exiting Afghanistan the way we did – screwing our allies in the process, and in our confiscating Russia’s international assets, along with applying sanctions. Both of these events follow on the heels of Canada confiscating bank accounts of its citizens who protested Canadian government policies. Governments around the world are seeking a nationalistic position of self-sovereignty away from dependency on the US Dollar – because of these actions. It is a suggestion, that as individuals, we do the same.
Central Banks, (China, Russia & Iran) have notably increased accumulation of Gold and decrease holding in US Treasuries for more than a decade. This accumulation by Central Banks has expanded and accelerated since the USA applied Sanctions on Russia and our exit process from Afghanistan.
- The Most Powerful Buyers in Treasuries Are All Bailing at Once – Bloomberg October 2022.
- Central Banks Are Buying Gold At The Fastest Pace In 55 Years – Yahoo finance November 3,2022.
LOTM is a strong advocate of owning precious metals &/or metal miners as a percent of over-all investment holdings.
Bitcoin and Central Banks.
A Harvard Study suggests Central Banks “should” accumulate Bitcoin as a further extension of separating their countries from linkage to the US Dollar.
See: Coin Bureau Video dated Dec 6, 2022.
Harvard Study on Bitcoin & Sanctions!” about 20 minutes.
If interest in owning Bitcoin in publicly traded vehicles, Consider Grayscale Bitcoin Trust (GBTC)* $8.75 &/or Osprey Bitcoin ETF (OBTC)* $4.50 as alternatives to buying Bitcoin directly. There are concerns about how and where you store your Bitcoins so take that into consideration.
LOTM has accepted the concept that Blockchain is a new technology that is in its infancy and that Bitcoin is a new asset class that will become owned by large funds and governments around the world. Certainly, this is not a thought or belief held by everyone.
As is our nature, LOTM is seeking long-term trends that traders, investors and speculators can trend-trade &/or own long-term.
We are open to thoughts, comments, and questions.
Written December 6, 2022, by Tom Linzmeier, for Tom’s LOTM Blog at https://lotm.substack.com/.
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