Posted on 11/01/2022 5:58:21 PM PDT by bitt
p
🤡
The quotes should be around “experts” not “safest’
Exactly what they said in 1929, as Weimar Germany was preparing to rest its economic recovery on a gold-backed Deutschmark.
The problem with “BRICS” is the same one OPEC or the EU had ... too many squabbling members with different agendas
the US is one country, with one federal government, one monetary policy
“BRICS” would have many ... that’s a recipe for failure
China announced developing gold backed digital currency a few years back. They have already tested the cashless digital, it will premiere in about a year. They have been buying metric tons of gold for a decade.
They are moving to real money. We are moving to unpayable debt and fiat fake currency.
“We are moving to unpayable debt...”
We’re already past that point.
Well, she had a point...that was until the Dollar was WEAPONIZED. Now it’s no better than any other currency, so why not go with the real thing, a currency backed by gold?
Well, unless the DC neocons or Ursula von der Pirate decide to run up the Jolly Roger and keelhaul your foreign US dollars reserves...
Go for it.
Your trust in China’s policy of manipulating their currency is interesting.
Does anybody believe that Russia or China would actually back their currency with gold? That’s the whole point of gold-backed currency.
Gold and silver just isn’t enough. They need to be shored up with other reserves, of which there is a long list. This is why there needs to be *two* currencies. One backed by gold, silver, copper, steel, tin, zinc, and maybe one or two others.
And the other currencies being backed by the much more expensive metals, for large transactions between governments and businesses.
Aluminum - $2,224.76 per metric ton
Cobalt - $33,000.00 per metric
Copper - $7,746.01 per metric ton
Gold - $1,774.70 per troy oz.
Iridium - $6,100.00 per troy oz.
Iron - $100.84 per metric ton
Lead - $2,274.50 per metric ton
Molybdenum - $26,000.00 per metric ton
Nickel - $22,773.97 per metric ton
Palladium - $2,697.00 per troy oz.
Platinum - $852.90 per troy oz.
Rhodium - $20,250.00 per troy oz.
Ruthenium - $750.00 per troy oz.
Silver - $25.84 per troy oz.
Tin - $21,124.04 per metric ton
Zinc - $3,124.97 per metric ton
I can hear Alex laughing 😂
not even precious metals
wE lOvE oUr FiAt! YeS wE dO!
FiAt Is GrEaT!
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