Lyn Alden
· 148w
In certain macro circles, so many people (especially >50 y/o) are big into the idea of a gold-backed BRICS currency and how it'll subvert the dollar and moon the price of gold.
And while there's some...
Why would anyone trust the BRICS+ central banks declared gold reserves? At best it'll be a fuzzy fractional reserve... a bit "fiat"-ish with gold as a marketing gimmick. Bitcoin is the only option.