Damus
Decentral · 29w
They would still have to sell the gold. I don’t see them selling gold to buy btc.
SatsAndSports profile picture
Strangely, they don't really need to sell them. They have various tricks involving the gold (certificates) that they hold. They'll revalue the certificates, currently at $42 per ounce (seriously) to a large current value. Then they'll say "look at this massive profit we've earned overnight" and the beancounters will allow them to spend the profit

It's bizarre, and I don't actually think they'll do it. But it's an idea that has been discussed for a while