From ZWL to ZiG: Zimbabwe Announces New Gold-Backed Currency – Here Is What You Need To Know

https://iharare.com ^ | April 5, 2024 | Tim. E. Ndoro by Tim. E. Ndoro

[FrankRizzo890]

I have one of those. I have a friend who was in South Africa, and he got me one.

[ZOOKER]

Someone want to do the math for me? I'm too lazy.

How many Zig's are in circulation?
And how many ounces of gold are in the vault?
Use the math to find out how many Zig's it will take to buy an ounce of gold.
Now I want to know -- if all Zig's are redeemed for gold, how much gold is left in the vault? If the vault is empty, and there are still Zig's left over, THEN what is a Zig worth?
Does the gov't intend to print more Zig's? Do they promise?

[Jeff Vader]

French currency is the Euro

[Chode]

Yer RICH!!!

[jimwatx]

Central African CFA franc
https://en.wikipedia.org/wiki/Central_African_CFA_franc

[butlerweave]

but is there enough Gold in the world ,LOL

[jimwatx]

It doesn’t have to be just gold it can be any combination of commodities, silver, gas, oil whatever tangible item you want to use to back your currency doing away with fiat currency altogether. What backs the dollar besides our military might? Fort Knox gold has probably been rehypothecated so many times the vault is probably empty.

[Trumpisourlastchance]

A gold backed currency is certain to be better than the decrepit US Dollar, with time.

[Scrambler Bob]

The paper and printing are exquisit.

I heard you could get a shoe box full for $20.

Good for TP, that’s about all.

[Lazamataz]

You know what you doing. Take off every Zig.

[dayglored]

For great justice.

[FrankRizzo890]

I tell people “I have 100 trillion dollars in a box in the garage”.

[Chode]

8^)

[RomanSoldier19]