Post
Topic
Board Economics
Re: Central banks and financial instutions selling gold to retail to buy crypto
by
Ruttoshi
on 17/05/2025, 08:00:58 UTC
I don't think so, most of the countries are keeping or buying more gold. Only a few sells

Nice seeing another unbiased person who says it as it is, unlike people with Trump's character who would blatantly lie about the obvious. They should prove how this is real/impactful when Gold is still retaining almost all the trillions of dollars it has gained in the past 1 year. Talk is cheap, however, they should know that Gold is a national treasure that most countries, if not all, have tested for centuries and trusted. So they will now sell it to buy Bitcoin when no country has even actualised their talked-about strategic Bitcoin reserve? That's laughable!
No one is saying that any government should sell part of their gold to buy bitcoin because if that government is serious and understands that exponential growth in bitcoin value, they will glad set up a bitcoin strategy reserve and buy with as little as 5% of the country's funds to save gaurd the value of their wealth in bitcoin that's a fast growing asset in value.

Gold has been in existence before the birth of Jesus Christ so why wouldn't it gain fame and possess the kind of vaue it has now and gain more confidence of the people because it has proven to be an edge to inflation. However, bitcoin is just 16 years old but look at how massive it has grown in value due to the potential it has, to the point that it has been tested as a store of value over time.

Do you know that currently the price of 1kg of gold = 1btc at when bitcoin price was $102k+. Bitcoin will create a new ATH in the circle and the price of 1btc >1kg of gold. Let's check this out, it means that in 10years time 1btc will be 5kg of gold. Have you seen the reality that in future which nobody knows when but due to the rate of adoption of bitcoin, bitcoin and gold will be of the same market cap. You need to see the vision just like the early investors in bitcoin saw the vision of bitcoin price performance in future.