The BRICS (especially Russia) had been talking about a gold backed BRICS currency for the last couple of years. The latest statements do not mention gold at all though. It looks like they have pivoted and are now talking about a BRICS CBDC. We'll see.
That whitepaper is a prime example of why I tell anyone who will listen to use cash where they can - if you don't use, you might lose it. The decline in usage is being used as a justification to do away with it.
I woke up this morning and see BTC above $72k - a new ATH in USD. It might double from here before the end of next year if the US economy doesn't crash into the shitter (banking crisis + CRE debt crash potentially looming).
I mean ... a market crash isn't exactly an outlandish call. I'm watching to see how the Federal Reserve and FDIC managing the looming regional banking crisis here in the USA. Without some interventions, 2024 looks to notch a lot of bank deaths on the wall. If the Fed sticks to their word on...
There is still a fairly large #silversqueeze contingent on social media (X, reddit). With respect to America, I'd say the % is likely around 1-2%, but that's just a number pulled from the arse.
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