Loading ...WHAT IF THE CBDC …IS…BACKED BY…..GOLD ?
This is probably a crazy thought BUT in an era where the Insane becomes reality every day …why not ?
Connundruum
So ..if they are crashing the system to bring people into the central bank currency ..begging for it…as it were
How come they are buying GOLD at the highest rate EVER ? this is STRIKING !
Then it would be a Chinese, Russian or Indian CBDC.
Exactly, they are the CB’s that we know are buying gold. You aren’t crazy FGC. IF the US, Canada & the West would do so also(if they are they are keeping quiet about it) then it would offer sound money without inflation but the govt would still have control if it was a CBDC. So we still don’t want it.
Now that is some great out of the box thinking Fully!
I love the idea. But wait…..I still hate CBDC’s
This is a tough one. I won’t compute!
Backed by gold?
Like as in Ft Knox? As in “good as gold” under FDR? As in 1970 under Nixon?
Full convertibility, constitutionally protected … another matter.
Money should probably be ounces and grams, not “legal tender” currency units. Legal tender is a lawyer’s idea of money. A politician’s. A thieving politician’s at that.