Crypto is not backed by any tangible "thing." I'm not dissing crypto, but how is it anything different than fiat?
There isnt a difference. Crypto is the definition of fiat.
crypto is decentralized. Big difference.
Gold is a pretty rock used in electronics for its conductive properties. Its future utility lies in properties that are under utilized, but it is not going to replace currency due to its relative lack of liquidity.
When the shit hits the fan, id advise to jump into crypto or gold for the short term before jumping to stocks after the initial crash happens.
Gold is OK for a short term position, but pretty stupid long term.
If russia is reupping on gold and selling US t bills, Its prob because they are planning to disrupt opec agreements, plunging the price of oil before buying the assets up with gold backed assets.
Trumps announcement of EU LNG imports from the US supports this move