Vincent Kennedy⍟ donated @VincentKennedy
04 May, 12:24
What happens when a currency goes gold?

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Bob Eddy Z @falconeddyx
well it's a real asset so will maintain it's value while the fiat will continue to drop in any perceived value. investments will back the gold based currency. Basel III rules move physical gold from being considered a Tier-3 asset to being considered Tier-1, which allows physical gold in bullion form to be counted at 100% value for reserve purposes.
12:30 PM - May 04, 2022
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