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I'm not much into conspiracy theories, but ...

An article on survey newspaper yesterday regarding tariffs and trade between us anf the states.
Normally we run a trade deficit meaning we buy more from the states than we sell, but the last quarter that changed.
And why... It appears the states bought a massive amount of gold from us... Then it made this statement ...American imports of gold have soared since the start of the year. The average monthly value in 2022 and 2023 was about $US1.7 billion. In January, it soared to $US30.8 billion."

Gold is normally kept as a hedge when you think the stock market is going to fall over..
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Stephie · 22-25, F
According to the World Gold Council, the influx is unprecedented, as New York vaults are now holding a stockpile of gold that could satisfy US demand for the next four years.

The primary driver behind this sudden surge is the looming tariff, that took effect on March 4, 2025.

In other words, the US is stocking up on gold because it fears that the current US politics will impact their economy so drastically.
Convivial · 26-30, F
@Stephie kind of what I figured as the root cause... Thanks for the further research
hippyjoe1955 · 70-79, M
The US government is buying huge amounts of gold to support its currency. It is widely that the US government under previous administrations sold all the gold in Fort Knox. We know that Fort Knox has not been audited for decades so there is that possibility.
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Convivial · 26-30, F
@Riemelt why but say what you really think lol🤣
Riemelt · 22-25, M
@Convivial I’m not sure there are words to describe how I really feel!
Oddly, they have strange commercials pushing numismatic gold.

If all goes to hell, the numismatic value multiplier will fall to 1; if you need to eat, the amount of gold in the coin will rule, not the image minted on it.
whowasthatmaskedman · 70-79, M
This only validates my often repeated statement. if you want to know whats really going on, dont listen to what is said. Follow the money...😷
ShenaniganFoodie · 36-40, M
You still getting the newspaper in Redfern !
The price of gold has increased about 12% in the last 6 months. More than usual but soaring?
Zaphod42 · 51-55, M
They say you can predict economic rise and falls by the sale of gold and silver.
Convivial · 26-30, F
@Zaphod42 it does make me wonder...
JamesBugman · 56-60, T
Survey Newspaper? What is that lol.
Is this reported anywhere else?
Convivial · 26-30, F
@JamesBugman a typo l... Should be Sydney... Bloody auto correct
all you have to do is secure the border of fet and illegals.

why your politicians with the economy the size of texas taking on america?

seems like unnecessary punishment for you guys.. from your own leaders.
Convivial · 26-30, F
@TheOneyouwerewarnedabout taking on America or following the rules of already agreed upon trade deals?
MethDozer · M
@TheOneyouwerewarnedabout Debt doesn't even come in from Canada.
HumanEarth · F
Should have bought gold before you were born
Convivial · 26-30, F
@HumanEarth like the old Chinese saying, the best time to plant a tree is 40 years ago..
HumanEarth · F
Like I was I told the same thing in the 1980s

 
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