Plugin by: PHP Freelancer
Subscribe to NCRenegade via Email
Carolina Readiness Supply
Websites
NC Renegade on Twitter
NC Renegade on Gab
NC Renegade on Truth Social
Wes Rhinier on Gab
12 Round Blog
Barnhardt
Cold Fury
DanMorgan76
Defensive Training Group
The Deth Guild
The Feral Irishman
First in Freedom Daily
Forloveofgodandcountry's Blog
Free North Carolina
Knuckledraggin My Life Away
Liberty's Torch
90 Miles From Tyranny
Professor Preponomics
Publius-Huldah's Blog
Straight Line Logic
The Tactical Hermit
War on Guns
Western Rifle Shooters Association
Categories
-
Recent Posts
Recent Comments
- Ben Trolone on Wake Up
- Nobody on Aleppo
- Nobody on They Have Not Learned Anything
- a follower, working on it. on Wake Up
- wv citybilly on Wake Up
Archives
Meta
That’s the goal of the PTB! Destroy us all!
NO ONE is coming to save us. The time has come to man up, prep, and be ready for conflict.
$2355 as of 1930 EST. I believe it hit $2376 Thursday or Friday. Silver hit $30. It will get there soon. I think the Fed is doing everything they can to suppress the pri e of precious metals. Print worthless paper and buy up precious metals.
The chart in this post is the value of gold after Iran launched their attack.
This is US market close Friday figures, the rest of the gold market is open.
(Sorry : thumbs too big to type)
Silver or any other commodity skyrocketing will not bring on hyperinflation.
However, Congress-swines continuing to spend like a drunk Madame Zelensky using our Pentagon’s credit card, will helpbring hyperinflation by flooding the nation with Dollars borrowed and created out of thin air. And what will doom us to hyper-inflation is when the Dollar is abandoned as the world’s reserve currency.
Other nations today still need Dollars to buy things on international markets.
Example: If Ecuador wants to buy rice from Malaysia, the transaction is handled through Dollars. That means Ecuador has to keep an amount of Dollars on hand just as Malaysia has to keep some.
But when the BRICS consortium gets in operation and the Dollar is not needed by nations to trade with others, then all of those Dollars will be off loaded. That dumping of Dollars will make the Dollar exchange rate with foreign currencies crash causing US citizens to have to pay way more to buy things from other nations. (Please recall how much we do not now manufacture in this nation and must buy from others….) So those surplus Dollars, not needed by foreign nations, will continue to add up. Increaseing the Dollars significantly in our hands ( added up and accumulating in US banks) will be the beginning of hyper-inflatiron.
Perhaps some educated economist can explain it better.
But from my lowly position, I think it is erroneous to claim that hyper-inflation can be brought on by skyrocketing prices on the gold or silver markets.
War will bring hyperinflation. An extension of this will be an increase in everything including gold and silver. The price of precious metals is based on the value of fiat currency and hyperinflation by definition means the currency is worth less.
Yep. War requires a lot of money. Create more money, the money that is created is worth less.
FED NY governor said yesterday that rates will likely be raised due to continuing inflation. They tried a late Friday rescue but coming US market open on Monday, well, buckle up.
The more this lunatic Marxist psychopathic government of ours continues spending like maniacs gold and silver will keep going up thru the stratosphere, and when the dollar goes and it will be horrific.
That’s the plan.
Celente predicted $3000. gold another man in Israel predicts five digit gold.
Gold spiked then settled. It’s trading up $57 now.
Kitco says differently
The price of gold fluctuates based on current events. The price shown was Saturday night when Iran was attacking Israel. The price came down once the attack was over and Iran stated that they were even for Israel’s attack on their Syrian consulate.
But you already knew that.