Gold is money.
When the reset happens do you think we will get a new monetary system based on fiat currency and the SDR.
Or will Russia & China lead the way with a gold back currency based on all the gold they have been buying?
https://www.goldmoney.com/research/goldmoney-insights/time-for-a-new-gold-standard-for-asia
I think china is heading to the cryptos and backing them by precious metals sooner than latter for we can see things beginning to fall apart rapidly.
I think you are right... Cryptos are the future, & precious metals will always be sound money. For digital transactions cryptos are the way forward, but what about non digital payments? Cryptos are not tangible and there are still people around that use physical cash - but cash as we know it could become useless world wide (hyper inflation).
I also believe that things need to fall apart for the majority of people to realise how much they are being manipulated by the powers that be. Thanks for the reply queenpine. :-)
China’s economy has passed through the initial wealth-building phase and is embarking on the next. The focus is now on the internal economy, with improvements in infrastructure, technology and quality of goods. But that’s not enough, so the current (thirteenth) five-year plan and the ones that follow are set to spread China’s remarkable economic formula throughout Asia. Export markets will still be developed, but the emphasis is shifting towards quality and technology, with Europe rather than America becoming the principal foreign market.
The redevelopment of the old trans-Asian trade route under the acronym OBOR (one belt one road) is central to this expansion. Not only is it a civilising route, bringing rapid industrialisation to Middle Asia, but it means Chinese production will get to European markets by rail in about ten days (goods are currently taking about fifteen days – but that time is expected to reduce significantly). Furthermore, European containerised quality goods and machinery can be shipped the other way with considerable cost savings.
Great article
Nice post about investing @kram, upvoted! I’m trying to start a community about stock trading on Steemit. You can join our Discord channel SteemitStocks if you want to share your post and chat about stock trading. Would you also like to read my article about an undervalued oil exploration stock?
time for asia to start their own markets to get PM price discovery and end this fixed crap in a few years