Loading ...GOLD VS BITCOIN VS CBDCs
THIS IS A SHORT BUT TERRIFIC ARTICLE EXPLAINING WHY GOVERNMENTS WILL NEVER BE SUCCESSFUL IN HERDING THE MASSES INTO CBDCs ALONE.
IT IS ALSO A VERY GOOD EXPLANATION OF THE DIFFERENCES IN CBDCs vs BITCOIN. A RINGING ENDORSEMENT FOR THE “PRIVACY” OF BITCOIN OVER THE TYRANY OF CBDs. AFTER READING THIS YOU WILL NOT LIVE IN FEAR OF CBDCs EVER BECOMING THE ONLY MONEY OPTION
https://conservativeplaybook.com/2023/06/27/gold-vs-bitcoin-vs-cbdcs/
Interesting fact
The value presently of all the gold ever mined is near 13 trillion !
The value of Bitcoin is presently 600 Billion
“The value presently of all the gold ever mined is near 13 trillion !” That is interesting. How does that stack up with all the fiat out there by all countries combined? And for some real context, how about when all the derivatives are included? Simply mind boggling!
Isn’t total of gold ever mined an olympic swimming pool? How much is that? And how much is that in USD?
The dimensions of an Olympic standard pool is 50 metres long, 25 metres wide, and at least 20 metres deep at the deepest end. That’s 25,000 cubic metres or about 482,500 tonnes of gold.
https://sports.answers.com/Q/How_much_gold_can_fit_in_an_olympic_pool
1 ton = 1,000 Kg
1 kilo @ kitco – price = USD 62,350
https://online.kitco.com/buy/2014/1-kg-Gold-Good-Delivery-List-Bar-9999-2014
Today’s price for a Full swimmignpool of Gold =
482,500 x 1,000 x 62,350 = USD 30,083,875,000,000 Hahaha = 30 trillion.
So there is a difference.
Then I see this link.
https://time.news/11-olympic-swimming-pools-filled-with-gold-140000-winning-euromillions-tickets-what-the-abyssal-american-debt-represents/
Which is talking about 11 O-pools. So that does not sound correct. But the link does mention 31 trillion USD.
So either true or nit = 30/31 trillion USD and not 13.
Well that all for todays calculation of fun, FOLKS