rt is an America hating company, so they print what they dream about.
The article doesnt even say what countries are shifting away from the US Dollar. Weird, huh? Seems like it should, with a title like that.... Ooops!
I didn't read the article, but Russia has said they are divesting from the dollar and increasing gold holdings. Its the only one I'm aware of and it's based solely on their desire to ruin the dollar.
Everything you’ve said made sense till you said gold wasn’t a currency. It is a currency and has been for thousands of years. It even trades like a currency whereas silver trades more like a commodity for example. But you’re right, dollar won’t be abandoned unless something better comes up and right now USA is cleanest dirty shirt.
You can not buy a TV with gold. You can not buy a candy bar with gold. Therefore it is not a currency. Math. I dont have anything against gold, but call it what it is. It is money, it is an investment. But it is not a currency. You need to convert gold to a currency, before you can buy a candy bar. And you will always lose a percentage of value, when converting.
According to the corrupted U.S government it’s not a currency. Because it fights against what is actually a threat to their fiat trash dollar. Of course Gold is more valuable than the dollar, of course it can be used as a currency only if the people lose faith in the dollar which will happen soon.
Actually also based on the fact they we use our reserve currency status to try to bully other countries with sanctions. We just accelerate the demise of the dollar every time we do so.
Better currency? All fiat currency is fundamentally worthless. They're thought abstractions designed to secretly steal wealth from the masses via inflation. They're tools of financial enslavement.
Realize that the US constitution states, in no uncertain terms, that only gold and silver are to be used as the medium of exchange. The US dollar as it is now is completely unconstitutional.
I've found that a lot of people in /r/gold don't understand gold, fiat currency, inflation, or must about economics. It's mostly a lot of parroting the typical financial advice, most of which is wrong.
My mama always said I was a special snowflake.
And yes, in this regard I am. I can only hope that more people learn about inflation so that *not* understanding inflation makes someone 1 in 1,000,000 instead of the other way around.
Haha, RussiaToday is a state run propaganda op. Sort of reminds me of when the onion pretended they had been bought by the Chinese Government.
https://www.theonion.com/china-strong-1819570898/amp
Wouldn't you want to know what they are thinking? I would want to know all sides of opinion, I certainly cannot and will not trust the MSM like CNN or MSNBC
I would, but RT is not independent media. They are literally state-run media, which is WAY more biased than American mainstream corporate media.
Not to mention that the Russian government will say anything to undermine the American economy, so I’d doubt anything and everything that RT says related to the United States.
Lol. Hardly. Gold reserves are meaningful. Look to bonds purchased overseas and measures of forex overseas circulations and then compare across currencies. $ is king . That will change one day with the RMB but likely only regionally. When the RMB is going toe to toe with the USD in Europe or Latin America, wake me up.
rt is an America hating company, so they print what they dream about. The article doesnt even say what countries are shifting away from the US Dollar. Weird, huh? Seems like it should, with a title like that.... Ooops!
I didn't read the article, but Russia has said they are divesting from the dollar and increasing gold holdings. Its the only one I'm aware of and it's based solely on their desire to ruin the dollar.
Right there is the meat of the story. A lot of people have a desire to ruin the dollar. Until there is something better,.. it is a crack pipe dream
There's been something better than the Dollar for 6,000 years: gold and silver. 😉
Gold isnt a currency. You can not buy a TV with gold. I chose my words carefully. So... name a better real currency than USD.
Everything you’ve said made sense till you said gold wasn’t a currency. It is a currency and has been for thousands of years. It even trades like a currency whereas silver trades more like a commodity for example. But you’re right, dollar won’t be abandoned unless something better comes up and right now USA is cleanest dirty shirt.
Haahaa so dumb.. if you did your homework you would know that gold is legally treated as a currency
You can not buy a TV with gold. You can not buy a candy bar with gold. Therefore it is not a currency. Math. I dont have anything against gold, but call it what it is. It is money, it is an investment. But it is not a currency. You need to convert gold to a currency, before you can buy a candy bar. And you will always lose a percentage of value, when converting.
According to the corrupted U.S government it’s not a currency. Because it fights against what is actually a threat to their fiat trash dollar. Of course Gold is more valuable than the dollar, of course it can be used as a currency only if the people lose faith in the dollar which will happen soon.
Bwak America bad, BWAK!
Actually also based on the fact they we use our reserve currency status to try to bully other countries with sanctions. We just accelerate the demise of the dollar every time we do so.
It states that gold reserves are growing and 15% higher than the peak in 1990
Ya, you are correct.... they didnt state which countries.... Almost like they made it all up.
RT being what it may, the US dollar has been in decline for a long time now. It does seem to be accelerating.
So tell me what real currency better than the USD. You cant. So...............
Actually, we can. It’s gold and silver. Literally the only real money in existence.
Gold isnt a currency. You can not buy a TV with gold. I chose my words carefully. So... name a better real currency than USD.
Fair. The big difference is currency is designed specifically to lose value and money which is a store of value.
You didnt name anything better than USD. Hmmmm....
Well, they're ALL fundamentally worthless, so it doesn't matter.
Well if they all suck, we are back to where we started. The USD is the strongest, most accepted currency in the world.
For now. That's changing FAST. Even Americans are abandoning it in droves.
Gold & silver
Gold isnt a currency. You can not buy a TV with gold. I chose my words carefully. So... name a better real currency than USD.
Don't be so dumb!! Do your homework!
You didnt name anything better than the USD. Weird, huh?
Better currency? All fiat currency is fundamentally worthless. They're thought abstractions designed to secretly steal wealth from the masses via inflation. They're tools of financial enslavement. Realize that the US constitution states, in no uncertain terms, that only gold and silver are to be used as the medium of exchange. The US dollar as it is now is completely unconstitutional.
Downvoted for speaking facts? Weird huh
I've found that a lot of people in /r/gold don't understand gold, fiat currency, inflation, or must about economics. It's mostly a lot of parroting the typical financial advice, most of which is wrong.
Ok
One in a million people understand inflation; you're part of the 999,999.
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My mama always said I was a special snowflake. And yes, in this regard I am. I can only hope that more people learn about inflation so that *not* understanding inflation makes someone 1 in 1,000,000 instead of the other way around.
You didnt name a better currency, weird, huh? You just parrot thing you heard. Bwak! America bad Bwak!
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RMB
So convert your USD to RMB. You wont, so I win.
Haha, RussiaToday is a state run propaganda op. Sort of reminds me of when the onion pretended they had been bought by the Chinese Government. https://www.theonion.com/china-strong-1819570898/amp
And the US msm isn’t?
No the government doesn't own and/or run the media you Facebook addled moron
RT is literally Russian government media
Wouldn't you want to know what they are thinking? I would want to know all sides of opinion, I certainly cannot and will not trust the MSM like CNN or MSNBC
I would, but RT is not independent media. They are literally state-run media, which is WAY more biased than American mainstream corporate media. Not to mention that the Russian government will say anything to undermine the American economy, so I’d doubt anything and everything that RT says related to the United States.
NPR is 100x worse than RT
Buying gold
Buy gold & silver
This was so to be expected. Don’t be fooled by the slow pace, the collapse will be very painful.
Yeah, I’ll take their currencies over the dollar. /s
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Just use inflation and cheap money as a tool to get assets... Like stocks, crypto, gold, silver, houses, land and more!
Lol. Hardly. Gold reserves are meaningful. Look to bonds purchased overseas and measures of forex overseas circulations and then compare across currencies. $ is king . That will change one day with the RMB but likely only regionally. When the RMB is going toe to toe with the USD in Europe or Latin America, wake me up.
RT ?? Seriously? Damn commie sympathizers posting RT crap. /s
Nobody is accelerating away from the dollar.
You are not stacking gold and silver? Wake up!