[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 342 KB, 707x1127, 20230703_203732.jpg [View same] [iqdb] [saucenao] [google]
55463067 No.55463067 [Reply] [Original]

Will the West do the same with CBDCs?

>> No.55463088

>>55463067
The West already has a CBDC, its called the US Dollar.

>> No.55463099
File: 50 KB, 2452x1735, B3BD5798-4CBB-4372-92FB-76CFA8F15860.png [View same] [iqdb] [saucenao] [google]
55463099

>>55463067

>> No.55463105

>>55463099
Fake, the US gold reserves are actually about as much as Canada.

>> No.55463117

>>55463105
Canada sold all of its gold reserves several years ago, they started buying back recently but not much. Fort Knox has had an audit since the 1970s I believe.

>> No.55463192

Lula!! Lula!!!

>> No.55463251

>>55463099
Now do it per capita.

>> No.55463342

>>55463251
Italy and Switzerland have most per capita based on this chart

>> No.55463390

>>55463067
two words: Gold Fixing

>> No.55463403

LOL you don't back trading currencies with gold, you back them with navies.

>> No.55463421

>>55463105
>>55463251
Cry all you want subhuman third worlders. You’re still poor as shit kek

>> No.55463441

would you trust brown or yellow hands to not steal the gold your currency is backed by?
this is why bitcoin already won, you don't need to think about that.

>> No.55463445

>>55463099
The US doesn't have this much gold because if they did, the Nixon shock would've never happened. Fort Knox is likely empty.

>> No.55463457

>>55463421
Now tell everyone how much debt you have. The only reason Americans are so rich is cuz inflation and easy loans.

>> No.55463471

>>55463445
There was an article decades ago about how a caravan of security trucks were caught leaving Fort Knox. But then again yamashita gold was stolen by Americans.

>> No.55463478

>>55463441
I agree, gold introduces counterparty risk. Bitcoin is clearly a better choice for settlement and a party can always choose to convert their bitcoin to gold if that makes them feel better.

>> No.55463481

>>55463457
>Now tell everyone how much debt you have
To the Federal reserve mostly. And even the amount owned by foreign nations is solely so they can gimp their own currency to make it more lucrative to manufacture there (Japan and China).

>> No.55463487

>>55463478
https://asia.nikkei.com/Spotlight/Caixin/Mystery-of-2bn-of-loans-backed-by-fake-gold-in-China

>> No.55463493

>>55463478
right. hedging with gold is for the individual, physically in their possession. a bearer asset you trust somebody else to hold is doomed from the beginning.

>> No.55463496

>>55463067
How do I join brics as an American?

>> No.55463506
File: 87 KB, 1024x599, IMG_0545.jpg [View same] [iqdb] [saucenao] [google]
55463506

>>55463067
>>55463251

>> No.55463524

>>55463487
I'm curious, how would one go about assaying gold bars for purity?

>> No.55463548

>>55463524
Weight, it's the same as Tungsten so some will insert tungsten into real gold bars and hope no one ever melts it down or x rays it.

In this case it was just brazen crime and corruption. The gold being alloyed with copper which is very easy to test.

It's not the first time Chinese companies have done it either, 2016 19 billion yuan was tungsten with a thin layer of gold over it.

>> No.55463583

>>55463471
There's articles from this decade of Chinese fake Chinese gold being used as collateral for loans to the tune of billions.