Post factum, it is interesting to see that with the Russian invasion of Ukraine, some of the major central banks immediately decided to add more gold to their balance sheets and accelerate their gold purchases. It is obviously expected that some of the parties involved will send their fiat currencies packing. The money printing presses are likely to run hotter and hotter! Inflation pre-programmed.
42 sats \ 1 reply \ @Undisciplined 25 Apr
Cutting Russia off from SWIFT sent a signal that countries might need other ways to settle their payments.
reply
17 sats \ 0 replies \ @TomK OP 25 Apr
Yep. Loud and clear
reply
42 sats \ 0 replies \ @Satosora 25 Apr
Yes, they arent stupid.
Gold is the hardest currency they can get their hands on because they dont consider bitcoin.
They need to seize their chance while they can.
Other countries are doing the same and their printing presses are busy.
Its a sprint to see who can print the most and use their worthless money to buy as much hard gold as possible before the game is up!
reply