Throughout history, governments have debased their currencies to finance their wars. Prices of commodities always rise, with prices for war material leading the way.
One does not have to be bullish France, just less bearish than a market pricing revolution and default, to see what’s at stake in the streets of Paris and the voting booths next April.
While American Eagle coins are legal tender, they aren’t used as currency in everyday transactions because the market value of their gold and silver content far exceeds their face value.
When the war began, Russia held about half of its reserves in dollars, euros, and pound sterling. The other half was in yuan and gold, which remain accessible.
Maharrey explores the motivations behind China’s gold-buying spree, the broader movement toward de-dollarization, and the potential consequences for the United States.
Currently, Indian law doesn't require digital gold providers to back their product with actual metal...they could run a fractional reserve system with only a small amount of gold on hand.
