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Keiser added that bitcoin is a superior form of currency to gold. China�s big move for the 21st century is to pull a trap door on the u.s.
The project would involve creating and launching a crypto token that is backed by gold.
Crypto backed by gold china. Physical gold ensures that the value. There are three main types of centralized, collateralized stablecoins: Dollar to “zero,” this according to max keiser, host of the keiser report.
It is yet unclear whether the currency will be backed by any physical assets. Keiser added that bitcoin is a superior form of currency to gold. Or just lay there as collateral.
He added that china is about to announce that it has amassed as much as 20,000 tons of gold. Gold is highly risky, unstable asset for russia. Agau agau is a cryptocurrency that gets its name from the chemical symbols for gold (au) and silver (ag).
Dgx has a market capitalization of approximately usd 4mn and a daily trading volume of approximately usd 240,000. China using cryptocurrency to create a trap door. Dollar being struck by lightning.
Its value would be backed. One cryptocurrency expert, max keiser, revealed on his podcast that china intends to use cryptocurrency to devalue the us dollar. China secretly hoarding gold and will unleash crypto backed by metal and destroy usd.
China’s digital cash is designed to be an electronic version of a banknote, or a coin: The gold rush is picking up steam. Number one, china�s got 20,000 tonnes of gold, number two, we�re rolling out a crypto coin backed by gold, and the dollar is toast, keiser told kitco news.
I can tell you that the cryptocurrency that china’s rolling out will be backed by gold”. Like many other pundits, keiser says that china has a lot more gold than it lets on, amounting to 20,000 tons. Dollar to zero, this according to max keiser.
Gold could serve as a direct back up; It just lives in a digital wallet on a smartphone, rather than a physical wallet. China’s big move for the 21st century is to pull a “trap door” on the u.s.
The overall point of the exercise would be to completely devalue the us dollar to zero. At the time of writing of this article, the list includes the following: I can tell you that the cryptocurrency that china�s rolling out will be backed by gold.
“[china] is rolling out a cryptocurrency, a lot of. China�s big move for the 21st century is to pull a trap door on the u.s. Gold and bitcoin prices will continue to surge as the dollar collapses to zero like ‘every piece of garbage fiat before it’.
The concept of a cryptocurrency being supported by an asset is not new. A cryptocurrency fully backed by gold would turn the masses away from the dollar, as would, a fiat currency backed by gold would too. China is known for recently purchasing large amounts of gold to back it�s fiat currency yuan.
As things stand, there is no fiat currency on earth fully backed by gold. Since china is the world’s top buyer of gold and has been storing up gold in its bank reserves, it wouldn’t be surprising if this new cryptocurrency is also backed by gold. What’s certain is that once beijing announces a digital currency backed by gold, it will be like the u.s.
— vladislav ginko (@martik) april 9, 2019. In short, the answer is yes. Under this new framework, nations won’t need to export more to china than they import so they have enough yuan to trade.
The project would involve creating and launching a crypto token that is backed by gold. Dollar to “zero,” this according to max keiser, host of the keiser report.