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