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What do you think would happen to the XAU/CNY rate if China announced that gold was no longer accepted in banks?
by user24 13y ago
What do you think would happen to the XAU/CNY rate if China announced that gold was no longer accepted in banks?
- steveklabnik 13y ago... which is why they wouldn't do that, because it would be catastrophic.
- user24 13y agoso in other words, XBT behaved exactly as you expected XAU would in the same situation, yet somehow to you that reflects badly on XBT but not on XAU.
- steveklabnik 13y agoNo my point is that the Chinese government can control things so that this never happens. BTC cannot.