pull down to refresh

The gold boom, initiated by the BRICS countries' demand for gold, is also causing Germany's gold holdings to rise massively in value. After the country officially got out of Bitcoin a few months ago, one could actually advise the Germans, who are digging themselves deeper and deeper into their economic crisis, to join this alliance. They are all betting on a relic of the Bronze Age! Welcome to the future.
It's really odd that the more I see charts of precious metals and Bitcoin, the more I see the inverse graph (the paired currency's value trend to xx00% and the hard capped asset flat.) Would a Bric actually be scooping up Germany's gold and repatriating it to another Bric nation, in exchange for some durable goods or some consumable resource?
I wonder how this auditing takes place and of the public will be able to say 'so there goes our gold, we now have these shiny new electronic cars' or 'here's the petrol and gas we sold our national reserves for!'
How much Bitcoin was sold?
Hopefully not as criminal as the labour party's decision to sell 395 tons of gold for US$3.5 billion at the beginning of the millenium. Today the UK would have £26.5 billion.
reply
Better to hold gold than fiat or nothing. Not bitcoin, but better than the other alternatives, I guess.
reply
It is sad to say this, but Germany stopped being German after the Second World War, everyone knows that it passed into the hands of Uncle Sam who is the one who governs them and tells them what to do. And now it seems that it will be conquered by the Muslims who have infested all of Europe, if when the people of Allah rise up the United States does not react by helping their faithful follower. Germany will be taken by the Muslims. and the few riches that they have left will be plundered, that is why the USA ordered them to sell the Bitcoin, to take them themselves, and prevent those bitcoins from falling into the hands of those who will be the new owners of Germany.
reply
Germany is a succession of stupid choices in recent years For me, the worst of them was having lost the 21st century, in terms of the digital revolution, and having spent years investing in mistaken and obsolete technologies.
reply