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As we all know, hindsight is always wiser. If you look at the massive accumulation of gold by international central banks with the collapse of the financial system in 2008/2009, it becomes clear what had struck the hour. A financial system that is built on the embezzled debts of a state that is spiraling ever deeper into a debt swamp is not sustainable, as the credit risks that are transported around the world by the global reserve currency eat ever deeper into the balance sheets of banks, insurance systems and economic systems.
The reaction of the central banks is understandable, as in 2008 the great innovation of bitcoin had not even been born yet. Now BTC is increasingly appearing on the agenda of the big players in this system, who are celebrating bitcoin like a Trojan horse, pulling it into their systems - it will be a fun but very volatile few years as it is the rat poison made for these fiat rats!
Bitcoin is a lot easier to hold amd move than gold. Its better in so many ways.
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47 sats \ 1 reply \ @Shugard 24 Nov
Wouldn't that mean that a collapse is still far off, since the gold reserve is increasing, not decreasing?
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They are clearly buying time to issue more debt with this re-integration of gold and bitcoin
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Without a doubt, gold will continue to rise... and the poor dollar or the Fiat system was left out of this race a while ago... A race that Bitcoin obviously already won 👌
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Yes, if I look at the predictions like that, because the price of gold seems to be increasing day by day.
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