Kapow@exploding-heads.comM to Reserve Currency@exploding-heads.comEnglish · 1 year agoThe BRICS countries are planning to introduce a new trading currency, which will be backed by gold.twitter.comexternal-linkmessage-square1fedilinkarrow-up13arrow-down10cross-posted to: [email protected]
arrow-up13arrow-down1external-linkThe BRICS countries are planning to introduce a new trading currency, which will be backed by gold.twitter.comKapow@exploding-heads.comM to Reserve Currency@exploding-heads.comEnglish · 1 year agomessage-square1fedilinkcross-posted to: [email protected]
minus-squareThorosofbeer@exploding-heads.comlinkfedilinkEnglisharrow-up1·1 year agoI’ll believe it when I see it. They want the same control a Fiat currency gives you that the US wants. Also a 100% gold backed currency is impractical considering the amount of gold you would need to store.
I’ll believe it when I see it. They want the same control a Fiat currency gives you that the US wants.
Also a 100% gold backed currency is impractical considering the amount of gold you would need to store.