this post was submitted on 21 Jun 2023
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[–] 1911olympic@mastodon.social 1 points 1 year ago (1 children)

@PopularUsername @feor Indeed. And what would happen to the price of Bitcoin, when the Brics decide to form a new trading-currency backed by gold? May I point out that all the Brics central banks are accumulating gold, not Bitcoin.

[–] PopularUsername@lemmy.world 1 points 1 year ago (1 children)

Yeah I could totally see some return to a gold standard if things get bad, or at least, a partial backing with a basket of other currencies or something. In the short term, I don't expect gold to go up, nothing seems to cause gold to go up in price. I don't get it. I'm heavily invested in gold as well but I guess there are a lot of people that benefit from the fiat system so there is sufficient selling pressure.

[–] tyronbfx@mastodon.social -1 points 1 year ago (1 children)

@PopularUsername @1911olympic I can help you manage your trading account and earn good profit for you if you wish.