What do you guys think of the slow accumulation of gold by non-US central banks? It seems that they believe (as do many of us) that the dollars reserve currency role is unsustainable and that gold will return to its former role as sound high-powered money. Ive thought that in light of Bitcoin and Monero the central bankers were betting on the wrong horse. Is it possible that it is we not them who are out of touch? What is most likely, a return to the gold standard, adoption of a cryptocurrency standard, or coexistence of both standards?
Way way WAY back a million years ago before crypto happened I was a gold/silver believer.
However now, after crypto, my past experience dealing in being a gold owner/buyer/holder leads me to believe the future can be crypto and probably only CRYPTO
Why?
One big reason: GOLD "shops". Coin&Stamp dealers and the myriad of ridiculous insane We Buy Gold businesses.
Are present-day goldbugs seriously believing that the global banking financial infrastructure after FIAT COLLAPSE will be picked up and run with by these ridiculous insane gold buyer/trader Coin&Stamp type dealers?
If NOT? How ELSE would the common Man On The Street actually deal with his MONEY being "gold" once again??
Ain't gonna fuckkin HAPPEN, man.
The UI/adoption issues of CRYPTO for this proverbial Man On The Street are NOTHING compared to THAT possibility.