The U.S. Secretary of State said that China is entitled to exactly no gold in the Arctic, which begs the question: If gold is a barbarous relic, then…
If gold is a barbarous relic, then why do nations constantly fight over it?
It always seems to come down to gold, and silver even more so, but silver’s a topic for another day.
Today we’re talkin’ gold.
Gold matters big time, no matter what the mainstream media would have us believe.
Sound bites about gold are casually brushed off or simply ignored.
We have examples of this quite frequently, with the latest example happening just yesterday.
Here is part of the speech Mike Pompeo gave on Monday, May 6th, in Finland called “Looking North: Sharpening America’s Arctic Focus” (bold added for emphasis):
This is America’s moment to stand up as an Arctic nation and for the Arctic’s future. Because far from the barren backcountry that many thought it to be in Seward’s time, the Arctic is at the forefront of opportunity and abundance. It houses 13 percent of the world’s undiscovered oil, 30 percent of its undiscovered gas, and an abundance of uranium, rare earth minerals, gold, diamonds, and millions of square miles of untapped resources. Fisheries galore.
Later, he went on to say how much of the Arctic’s resources China is entitled to:
And let’s talk about China for a moment. China has observer status in the Arctic Council, but that status is contingent upon its respect for the sovereign rights of Arctic states. The U.S. wants China to meet that condition and contribute responsibly in the region. But China’s words and actions raise doubts about its intentions.
Beijing claims to be a “Near-Arctic State,” yet the shortest distance between China and the Arctic is 900 miles. There are only Arctic States and Non-Arctic States. No third category exists, and claiming otherwise entitles China to exactly nothing.
Keep in mind that this speech was made during a flare-up in the trade war.
On the subject of gold and its importance around the world, here’s former Fed Head Alan Greenspan setting the record straight, presumably because he already has one foot in the grave, but he’s setting the record straight decades too late and after the devastating economic & financial damages to the United States have long since been done, damage which Alan Greenspan himself helped cause:
Last month Dr Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, spoke at our inaugural investment summit on gold and central banks #globalinvest18 pic.twitter.com/Ixfth3dhlt
— World Gold Council (@GOLDCOUNCIL) May 14, 2018
De-dollarization is indeed a thing.
Even for the United States.
Because all dollars lose.
Gold can protect.
Silver can too.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.