On Tue, 19 Apr 2016 03:47:38 +0000 Zenaan Harkness <zen@freedbms.net> wrote:
There appears to be a multi country effort to (re)build gold backed currencies, and there's every chance they will succeed, certainly even in the face of crypto currencies - the robustness and security levels of current computing facilities means hoarding physical gold is likely seen by most, and certainly by nations, as more secure and acceptable to the public psyche
It seems very very unlikely that any government will setup a mechanism that destroys one their fundamental means to loot their subjects : paper money and inflation. Rather, what we are seeing is a move towards a fully 'electronic' system in which we won't be able to buy half a potato without being taxed by the world government. And funnily enough, we can thank 'satoshi nakamoto' for making this (disaster) happen sooner than later.
<end personal prattle>
---- http://www.zerohedge.com/news/2016-04-16/china-embraces-gold-advance-post-do...
China Embraces Gold In Advance Of Post-Dollar Era Tyler Durden's picture Submitted by Tyler Durden on 04/16/2016 20:50 -0400