ALL the world’s Central Banks and major public banks are buying Gold in historic quantities, not Bitcoins, Gold now certified as a “ Tier One Asset”. Dig deeper, ALL US and most world banks per Basel III agreements now must have Gold Revaluation Accounts”, ( GRA’s)....ever wonder why?
Joe Six Pack, youngsters, thin air digital types are always the last to know. I used to think the much talked about “ Great Reset”, transfer of Wealth was just rumor....but now in place...quietly, behind the scenes....transferring “ Wealth” will require a wipeout of paper, thin air, and debt assets....some will do just fine,
Most others? We shall see.
Why on earth would they buy bitcoin? It does nothing for their balance sheet?
Just goes to show that YOU don’t understand it and how it relates to the traditional banking systems.
I would never advocate that anyone buy bitcoin (Notice I don’t say ‘invest.’). But far too many people tied to the banking world spend a lot of time shitting on it. Bankers who would lose a lot of money and power if their system even got a dent in it.
“ALL the world’s Central Banks and major public banks are buying Gold in historic quantities”
The Central Bank began its first sales of physical gold from its reserves as part of the finance ministry’s efforts to fund the budget deficit. With gold at record high levels, this is more lucrative than selling off Russia’s new reserve currency, the Chinese yuan.
https://en.thebell.io/russia-starts-selling-gold-reserves/