NEW GOLD STANDARD IN BLOCKCHAIN COMING?
Something is going on in the world of gold, if these two articles shared by Ms. K.M., and Mr. P.K., are any indicator, and as one might imagine, both trigger some high octane speculation for the day, particularly the article shared by Mr. P.K. Here's the first article from Ms. K.M.:
Paper Gold Trading Days for London & New York Numbered
And now the article shared by Mr. P.K. from RT:
New global gold standard in kilobar may soon be coming
Regular readers here and of my books are aware that I have speculated for several years that there has been in existence since World War Two's end a "secret" or "hidden financial system," based in part on recovered Japanese and Nazi loot, including gold, which was all to be managed by the National Security Council. As part and parcel of this system, I've also argued that the international drug trade was a huge component of it, and that the "gold backed bearer bonds" scandals were also a component, given that "gold" in the criminal underworld is often a code-name for "drugs" or other contraband, hence "gold-backed bearer bonds" might also mean drug or other contraband-backed bearer bonds, with the bonds themselves acting as media of exchange in such a system. While this blog is not the place to review all my speculations on this system, it is also worth recalling that I have argued that the obfuscation of the actual amount of gold in existence is probably a huge component of such a system, for if there was more gold in existence than is actually the case with the "numbers", the opportunities for manipulation become quite severe.
Enter the first article, which speculates that the gold reserves of the USA might not be up to the assaying standards of the actual physical gold trade. This speculation has been around for years if not decades, since the last "audit" of the American reserves was a partial affair, and only one "room" of the Fort Knox reserves was opened to the process. Such sub-par gold reserves could also obviously be used within such a system.
And that brings us to the RT article shared by Mr. P.K., who wrote in his email asking if this new move could be used to weed out sub-standard gold. Certainly the moves by China and Russia to acquire massive amounts of gold and to back a quest for a new trading standard do raise the possibility that they might suspect that American and other western reserves are sub-standard in assay quality.
But there's another possibility looming here that really caught my eye, and it caught my eye because of its potential utility in serving a greatly expanded system of finance and liquidity. Consider the following lines from the RT article:
“The plan is to create a standard for kilobars that can be adopted around the world, delivered anywhere, possibly using blockchain to identify the bars, their origins,” a physical gold trading source said. “Rigid standards and blockchain would bring in people who are worried they could be getting conflict metal.” (Boldface emphasis added)
There you have it: blockchain technologies - and hence, the linkage between crypto-currencies and gold - are being touted as a means of making the actual physical gold "traceable", in this case, so the RT article has it, of eliminating "conflict metals," the "blood diamonds" of bullion trade. Once again, the implicit meme is being driven that the whole technology is "secure" and that there's "no need to worry."
And herewith my high octane speculation, for as we have seen recently, the crypto-currencies are not only highly volatile and subject to manipulation by a very few, but are also hardly secure, as the recent hacking episodes have demonstrated. (See the blog two days ago: CRYPTO-CURRENCIES HACK CHANGES WALLET ADDRESSES) If one can hack blockchain and change addresses, then the field would seem to be wide open to do the same with gold traded via the same technology, and hence, the origin and possibly assay quality of gold traded by this means could also be hacked and changed, and thus the manipulations of the paper gold market that are complained about in the first article could become a whole new means of market manipulation and obfuscation gold itself... on steroids. The bottom line here it seems to me is that one could be looking at yet the next transformation of this whole hidden system of manipulation and using that manipulation for wealth harvesting.
I suspect this is a story, in other words, that we're going to be hearing more about. And again, I suspect we're going to be hearing about what a wonderful development it all is. And my reaction to it is the classic caveat emptor.
See you on the flip side...
Help the Community Grow
Please understand a donation is a gift and does not confer membership or license to audiobooks. To become a paid member, visit member registration.
So, the new system becomes all smoke and no mirrors. We can save ourselves some money in removing the mirrors….
My impression is that the real (physical) gold has largely gone off-planet. Outside of DNA, gold and other rare metals are most-suitable for interstellar commerce. Want a junker UFO for reverse engineering? Be prepared to give up DNA or gold…
Where does this leave the PTB? Moving ever-more gold off-planet, while playing the shell game (also known as thimblerig, three shells and a pea, etc.) to have investors believe it is still in the warehouses. Probably where all the Aztec/Inca gold ultimately went off to. This leaves the PTB walking an ever-thinner tightrope to keep their secret.
Boy, is it going to be messy the first time a PTB “gold-vault” is exposed to the public…
I am surprised how many do not understand the purpose of futures markets.. These are basically used to hedge. Many have swallowed the nonsense promoted by those who market metals to consumers. Take the Comex. Who really has had the most shorts? Baanks? NOPE! Speculators and hedge funds? NOPE! It is the commodity producers, dealers like SD Bullion, wholesalers and traders who are hedging their short dollar positions in currencies. Now many of these need working capital and use banks to obtain it and also many of these use banks with trading desks to place hedges using mostly put options, (going short), in case price falls. They do not need to worry if prices fall that banks will demand either more collateral or pay down the loan as banks have access to trades and know where they stand financially. Now if I am a wholesaler and I am fully hedged I could care less if prices go up or down as I make money in both directions. If prices rise I can either let my hedges expire worthless after selling physical in other markets as usual or simply close them out. If price falls thru the strike price I can exercise my hedge for cash, still sell as usual and still make money. This is the purpose of futures to protect from financial ruin. Whether you are in oil, lumber, cotton, sugar, wheat, gold, etc., etc., etc., you must hedge.
Many of the net has fallen for the false info promoted by those who market metals to consumers. They use the nonsense when prices fall to justify to clients that some “cartel” is suppressing prices instead of admitting their own incorrect calls. This is nothing more than pump and dump!
Off-planet seems likely to me too, but the deeper question is, “which gold”? Reading the Philosopher’s Stone book about the association of torsion fields with fabricated gold in alchemical manufacture, those “fields” should each have a “signature” which would include their local space, celestial time and method of manufacture, in a way that is similar to the encoding of a room’s “acoustic” in a live recording. The question is,, how to read such a thing?
My view is that banksters “care not” whence cometh the gold, diamonds, or other collateral; their concern would be stimulated only if the collateral were damaged in some way. In the article, if one substitutes the word “alchemical” for the word “conflict” as a descriptor, one can see how such a flag might arise.
A traceable link to the origin of the collateral could provide this potential liability, and thus the true origin would need to be concealed. Off-planet is a good place to do this.
The similarity of this idea to the concept of blockchain or cryptos might induce speculation that the off-planet gold- very hard to assay (scan with your tri-corder?), lacking a RT ticket- is beyond that liability. A new cross-collateralization process would take care of this “old” liability in a high tech, traceable way…
Bitcoin backed by nazi gold must be the final solution.
USA (Unser Seliger Adolf) is rising from the grave to hunt coin clippers.
The moment of truth has arrived.
Lord Blackheath and the Vatican, that says it all.
https://www.youtube.com/watch?v=eL5hqvTWkYg – call to action from a 10 minute speech in House of Lords in 2012. Exposing the Federal reserve for the criminal enterprise it is creating $15t overnight and gold out of thin air. Topological WOW ? ser of the medium !
A possible hint that their state alchemist are quietly at work mass-producing gold from lead and other metals. Or a new swindle the investor game is afoot one always has to wonder with these knaves in power.
January 27, 2018
Dear 5 Min. Forecast Reader,
Australia’s largest gold refiner — the Perth Mint — has just announced it’ll introduce a gold-backed digital currency in the next 12–18 months.
Perth Mint’s CEO Richard Hayes says, “With a crypto-gold or a crypto-precious metals offering, what you will see is that gold is actually backing it.”
Imagine that… a currency backed by gold. Heh.
The Australian mint believes a crypto/gold hybrid will attract investors to precious metals and away from alternative investments like the latest ICOs. (Remember dogecoin?) While many investors can’t stomach the volatility of cryptos, a gold-backed crypto would have the relative price stability of precious metals along with the transparency and accessibility of blockchain technology.
“So it will have all the benefits of something that is on a distributed ledger that settles very, very quickly, that is easy to trade, but is actually backed by precious metals,” says Mr. Hayes, “so there is actually something behind it…
“If you use precious metals to back something on blockchain or something that is allied to blockchain, it retains its intrinsic value, unlike the offerings from bitcoin and ethereum, which really rely on everyone believing that there’s something behind it.”
The Modern Day Alchemy of Gold
Transforming the analogue into the digital.
A Full Spectrum Dominance Is Moving
Exponentially Into Cyberspace.
Gold, either drugs, organs, stocks, bonds, currencies, virtual realities, movies, IoT, games, all of the analogue is being digitized/privatized.
…and the sine qua non is coming inside your skulls sooner than you realize. That is the “REAL” Goldmine.
Below is a video that addresses how much gold there is and where it’s located. It sez that CERN is the HQ for the Rogue CIA, and other nuggets. All too good to be true for a goldmine of information?
…and the HIGHLIGHTS are the backdoors in cyberspace “by design”
…and the goal of capturing your minds.
The present price-rigging mechanism has its days numbered, but this does not mean that transparency will suddenly be manifested, least of all by some form of “secure” digital listing. There may be less manipulation or at least a different form of it as multiple power centres are replacing the single empire (which in the terma of world history has only prevailed for a mere handful of years). As Dr. Farrell and others suggest there is (A) probably a lot more gold around than officially omitted but (B) it is rehypothecated. So the demand for physical metal for monetary purposes (gold) and industrial use (silver, palladium etc.) is bound to increase. Certainly big players would like to get metal on the cheap, but this will be getting harder. We don’t yet know what will happen with things the new Texas repository and the Asian gold hubs. The Mnuchin announcement of a weaker dollar indicates that the US oligarchs understand that the currency is going the way of the English pound, the Spanish peso, the Dutch guilder, Venetian money etc. as thalassocratic “reserve currencies”.
Where will “paper gold” go in terms of the derivatives mountain? This is a question for C.A.Fitts…
Caveat emptor for …CDO’s, CDS’s, mortgages, HUD, DOD, gold, silver and yes cryptos. It’s all been topologicalized in their metaphors. If we are to believe the forensic accountant David R. Hawkins of AbelDanger.org all the Patents too. They have all been” ganstered ” by the cabal. Their crime scene investigations yield quite a worrisome picture and Harvest. We are owned and invisible hand jobbed from cradle to grave. Baaa baa BUGGers!
Given the recent admission by Intel about the existing hardware back doors in essentially all of their CPU’s, security on systems using them is nonexistent. No operating system is secure, simply due to their complexity. So where is this touted “security” coming from?
It would not surprise me to find out that there is less gold in existence than is advertised, given the banksters penchant for hypothication of assets through paper means. It should be apparent that there is more “paper” gold out there than actual gold. They do like their “fractional reserve” policies in everything else, why not gold also.
This is something we will never get an honest answer on.
As I’ve been saying all along, the banksters are desperate to suppress gold by any means and cryptos are a big part of that essential strategy which keeps the fiat Ponzi going. So now they’re trying to conflate cryptos with gold to legitimize the former and further disparage the reputation of the latter.
If they want security and traceability, it seems like such advanced technologies as unique marks, serial numbers and ledgers could be brought to bear on this seemingly intractable problem. I hope they put their best minds on it — fingers crossed!