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Most of that is some digital system saying you are owed gold without independent audit of actual bullion reserves. More worrying: many central banks are buying
by alecco 1y ago
Most of that is some digital system saying you are owed gold without independent audit of actual bullion reserves. More worrying: many central banks are buying actual physical gold and absorbing the extra price for moving it and custody.
https://www.theguardian.com/business/2025/sep/28/bullion-bonanza-why-is-gold-hitting-record-highs https://www.theguardian.com/business/2025/sep/28/bullion-bon...
- tru3_power 1y agoThat is insane. What happens when that house of cards comes falling down?
- alecco 1y agoI would bet something like EO6102 + Corralito. All Watched Over by Machines of Loving Grace ("brought to you by Palantir (tm)" with digital ID). [1] https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 [2] https://en.wikipedia.org/wiki/Corralito https://en.wikipedia.org/wiki/Corralito