Anonymous ID: 566e50 July 28, 2022, 3:55 a.m. No.16898074   🗄️.is 🔗kun   >>5143

>>16885980

If gold is priced in USA $

and putin set a price of 5K/gram

 

then inflation hits, USA can't pay interest bill due to not enough GDP (aka bankrupt), looses global currency status…

 

USA $ goes zimbabweeeee.

 

In numeric terms gold might have a high US$ number attached, but aussie $ is now worth heaps compared to USA $ (we have gold, uranium, iron ore, bauxite etc etc and produce 5x food we consume)

 

So I think gold will get cheaper for aussies.

esp since putin has it pegged.

 

but what is "money" anyhow?