GREY:HGGOF - Post by User
Post by
goldenriviton May 06, 2022 10:43am
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Post# 34662042
War on the US dollar
War on the US dollarChina is the worlds largest gold producer.It is toying to launch an electronic currency backed by its gold reserves to bypass sanctions and confinscation of assets like china has seen what the west has done to Russia. By using its E-currency to be able to trade with any country should the cold war between china and the US get nasty in the fight for China to over take the US as a global economic power.China does not allow export of its mined gold and has banned Bitcoin cyber transactions.If you own Bitcoin in China and they find out about it you go to jail.China is trying to dethrone the dollar status as the worlds only single reserve currency.China stopped reporting it gold reserves in 2019. The US never should have taken the dollar off the gold standard in 1971.In a currency war between China and its gold backed currency the US might have to adopt the gold standard as any sanctions put on China could be bypassed.With the world is such a mess a JR like HIGH can deliver wealth during a crisis by the drill bit.BUY HIGH and sleep well the world is headed for very bad times.