5 ms·

Time to go bigger on metals and crypto

• dcl 3y ago
  Why?
  • sneak 3y ago
    Hard to be easily debased, hard to mass censor/prohibit payments to unpopular organizations.
    • DiabloD3 3y ago
      So, they just ban crypto, and then they take your precious metals. Think I'm kidding about the last one? The US government has already taken gold from citizens (by law, and without recourse) before, and nobody did anything about it.
      • sneak 3y ago
        "just ban crypto" doesn't work. They tried that with cocaine already. They also didn't get a very large percentage of the privately held metals, either.
  • ProllyInfamous 3y ago
    Because BRICS will adopt a gold-backed currency to resolve oil transactions without USDollars. This should happen late August.
    • senectus1 3y ago
      lol BRICS is a predictable failure.
      • ProllyInfamous 3y ago
        You're not going to reliably bully people away from transaction their species-backed stores of value for petroleum. Particularly not dozens of non-USDollar-backed countries eager to transact differently. See: recent price of gold and bitcoin and oil (and stock market, in general) IE: NOT USD See, also: several countries request physical return of their alleged gold holdings
    • treyd 3y ago
      Is there somewhere to read about this specific plan?
      • ProllyInfamous 3y ago
        See: https://duckduckgo.com/?t=h_&q=%22BRICS%22+gold-backed+currency&ia=web https://duckduckgo.com/?t=h_&q=%22BRICS%22+gold-backed+curre...