Quote from: californiaquail on December 28, 2019, 08:32:53 PM

Quote from: markj113 on December 27, 2019, 08:46:46 PM

Quote from: AirdropFreak1968 on December 27, 2019, 06:13:29 PM

Yes I think it would be a good thing to convert BTC to GOLD especially since i am an American and our money is based on the value of gold. Right now BTC is not really recognized as money in the UNITED STATES but I hope it will be soon enough.

hate to burst your bubble but your USD fiat hasn't had any relation to gold in quite some time

Man... USD has not been redeemable for gold since the end of Bretton Woods Agreements in 1971, pretty much opening the pandora box

And where's Pandora's box here?

The US trade deficit is covered by the "export" of American dollars. Technically, it should be covered by the dollar inflation which would balance out the differences between imports and exports but since the dollars which make this difference never make back to the US, we can safely assume that these dollars are just another entry in the trade balance of the United States. Simply put, Uncle Sam is exporting his dollars