$5 Billion In Physical Gold shipped to Poland!

serf

Poland seems to be a sound country but the Achilles heel is the population can even replace itself! :?

serf


https://www.zerohedge.com/economics/how-47-billion-gold-was-secretly-moves-london-poland


In the days after the outbreak of World War II, Poland arranged for its entire reserves of gold to be evacuated. On the evening of September 4, 1939, about 80 tonnes of gold bullion, along with other assets and banknotes, were sent on a journey that took them through Romania, Turkey, Africa, France and New York. Years later, in 1943, Poland?s national reserve was split into three and stored at the Bank of Canada in Ottawa, the Federal Reserve Bank in New York, and the Bank of England, in London.

With increasing geopolitical insecurity, this is not a surprising move,? he said.

mac10

the usa already spent it

serf

mac10 wrote:

the usa already spent it

No telling but Canada sold all their Gold .Really stupid socialist running the country up there,soon to come here no doubt!

serf
http://www.goldtelegraph.com/canada-has-no-gold-but-a-mountain-of-debt
Countries that have historically valued gold have been or have strived to be global powers. The mere ownership of gold has always been a sign of authority. Canada, on the other hand? is flying solo, and might be heading for a crash.

BobJudy

Most if not all currencies aren't backed by gold. All of the gold ever mined adds up to less than 8 trillion U.S. dollars. The U.S. debt is almost 4 times that amount. Canada may have done the smart thing and sold their reserves. No point in having it just lay around and not be useful for anything. What benefits does the U.S. having gold reserves give our country? Bob

serf

BobJudy wrote:

Most if not all currencies aren't backed by gold. All of the gold ever mined adds up to less than 8 trillion U.S. dollars. The U.S. debt is almost 4 times that amount. Canada may have done the smart thing and sold their reserves. No point in having it just lay around and not be useful for anything. What benefits does the U.S. having gold reserves give our country? Bob

Fiat money is false-fake money when debt becomes tremendous,when side bets are exchanged between central bank, when money is created at will to plug the holes in their equations for money stability and when false low or no interest rates prevail when savers try to earn wealth by lending.The list goes on & on but when the pile of money digits get through with the con then Keynesian money theory will utterly fail .


Free money will be the final nail in the coffin when no common person can find decent good work and A.I. factories make all the products and do most of the services for the elites.They will have no use for cheap human labor anymore and will rely on formal knowledge from an all knowing quantum computer with automated factories with deliveriy services.. Science fiction will become science fact.

The question to asked is what is unskilled labor when A.I.robots have all the skills?


https://www.forbes.com/sites/jimvinoski/2018/09/03/will-a-robot-take-my-manufacturing-job-yes-no-and-maybe/#13b9d799123f

But in the same vein is the "maybe" factor. Robots of the kind in use now will get cheaper even as they get more adaptable. Artificial intelligence holds tremendous promise in what kind of applications robots will be able to do economically in the future; instead of having to program a machine to do each and every movement, as is the case for most industrial robots today, one day the robots may be able to "learn" the task through computerized observation or machine-to-machine instruction.

But of course, the "smarter" the machine, the more expensive it will be. Simple economics may forever protect some of what people do in manufacturing, all of those breathless articles notwithstanding.
There will be new jobs created as well. Someday in the future machines may service machines, but that day is not today. BUT SOONER THAN YOU THINK!

BobJudy

Over the course of human history wealth has been based on many things. Practical things like land and livestock. Impractical things like multiple wives or possession of art or semi rare minerals like gold and diamonds. Somehow society agreed that gold had value, even when it had very little practical value only ornamental. Now as society advances we see currencies based on things like computing power or capacity. Gold now has practical value in modern manufacturing but if not for the artificial wealth it has been assigned it would be worth no more than any other semi common mineral like for instance silver. If the human race is allowed to continue to evolve socially and economically, who knows what wealth will be based on. Bob

Quick&Dead

serf wrote:

Poland seems to be a sound country but the Achilles heel is the population can even replace itself! :?

serf


https://www.zerohedge.com/economics/how-47-billion-gold-was-secretly-moves-london-poland


In the days after the outbreak of World War II, Poland arranged for its entire reserves of gold to be evacuated. On the evening of September 4, 1939, about 80 tonnes of gold bullion, along with other assets and banknotes, were sent on a journey that took them through Romania, Turkey, Africa, France and New York. Years later, in 1943, Poland?s national reserve was split into three and stored at the Bank of Canada in Ottawa, the Federal Reserve Bank in New York, and the Bank of England, in London.

With increasing geopolitical insecurity, this is not a surprising move,? he said.

Would that include the gold stolen by the Nazi's that kept the Nazi's living well in South America after the war :?:

serf

Quick&Dead wrote:

serf wrote:

Poland seems to be a sound country but the Achilles heel is the population can even replace itself! :?

serf


https://www.zerohedge.com/economics/how-47-billion-gold-was-secretly-moves-london-poland


In the days after the outbreak of World War II, Poland arranged for its entire reserves of gold to be evacuated. On the evening of September 4, 1939, about 80 tonnes of gold bullion, along with other assets and banknotes, were sent on a journey that took them through Romania, Turkey, Africa, France and New York. Years later, in 1943, Poland?s national reserve was split into three and stored at the Bank of Canada in Ottawa, the Federal Reserve Bank in New York, and the Bank of England, in London.

With increasing geopolitical insecurity, this is not a surprising move,? he said.

Would that include the gold stolen by the Nazi's that kept the Nazi's living well in South America after the war :?:

Well a train full is a lot different than a submarine full of it. Gold is always been The pirates' booty to have,just ask The Knight Templar's and King Solomon's treasure and The Jolly Roger! Now a fleet of ships, well you get the picture. Try those cantons in Switzerland to get a clue my friend.

serf

http://blog.templarhistory.com/2010/03/did-the-templars-form-switzerland/