Friday, July 9, 2021


Duel Of The Fiats! Bitcoin And Ethereum Plunge (Goldman Analyst Says Gold Is A Worth Purchase) – Confounded Curiosity

confoundedinterest17 #bubble, #inflation, Banking, Bernanke, Cryptocurrencies, Fed, Gold, Housing, Powell, Silver, Treasuries, Treasury, Uncategorized, Yellen July 8, 2021July 8, 2021…

By Staff , in Gold , at July 9, 2021


Ever for the reason that US Greenback went off the gold customary, it is just the nice religion and credit score of the Federal authorities with its taxing authority that stands behind it. Ethereum and Bitcoin and likewise Fiat currencies with no backing. And whereas Goldman Sachs prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a worth purchase” in keeping with Goldman Sachs’ Jeff Currie and his Commodities Analysis group.

However right now it appears a race to the underside for fiats.

Since Might, we have now seen each Bitcoin and Ethereum fall from document highs because the US Greenback crawls again.

And whereas Goldman Sachs prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a worth purchase” in keeping with Goldman Sachs’ Jeff Currie and his Commodities Analysis group.

Ah, the nice ol’ days of the gold-backed greenback.

Not …



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