They are buying gold aggressively. Couple of reasons; to back their own currencies with hard money, short US treasury bills/bonds (their yield is spiking), short US paper gold which the US doesn’t have
They are de-leveraging because they know the US dollar is cooked
I see. If I were more of a history buff I would look at what happened in the past. I know there's the gold/silver story with India/China and Great Britain,but those were both physical commodity monies.
So I wonder how long the Bitcoin/gold duopoly can last.
Bitcoin/Gold/Commodities and exports for a long, long time imho
real commodities... i've got a lot to learn here.
e.g.
round bales are 50$, weigh several hundred pounds, last for a couple years. and feed maybe 10 cows in a day...
Yes
Essentially what Russia and China are doing. Russia provides oil and minerals and China provides tech/ products
very interesting. back to barter. funny
