So far, the US's competitors have mostly been getting out of their "severely inflated U.S. fiat dollars" for gold bullion and they have plans to bring gold (on a blockchain) back into international trade settlement. The US has weaponized the dollar and BRICS/SCO are trying to undermine the dollar in order to deprive the US of the means t…
So far, the US's competitors have mostly been getting out of their "severely inflated U.S. fiat dollars" for gold bullion and they have plans to bring gold (on a blockchain) back into international trade settlement. The US has weaponized the dollar and BRICS/SCO are trying to undermine the dollar in order to deprive the US of the means to bully the rest of the planet and wage war.
It will be fascinating to watch how the various currents, eg BTC and gold, in the new global monetary architecture develop in the coming months and years. Gold has a 5000-year head start on BTC; but that does not guarantee that gold will come out on top.
So far, the US's competitors have mostly been getting out of their "severely inflated U.S. fiat dollars" for gold bullion and they have plans to bring gold (on a blockchain) back into international trade settlement. The US has weaponized the dollar and BRICS/SCO are trying to undermine the dollar in order to deprive the US of the means to bully the rest of the planet and wage war.
It will be fascinating to watch how the various currents, eg BTC and gold, in the new global monetary architecture develop in the coming months and years. Gold has a 5000-year head start on BTC; but that does not guarantee that gold will come out on top.