Replies to post #44892 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[surfer44]

Digital renminbi (Chinese: ?????; also abbreviated as digital RMB and e-CNY),[1] or Digital Currency Electronic Payment (DCEP, Chinese: ????????; pinyin: Shùzì huòbì diànzi zhifù), is a central bank digital currency issued by China's central bank, the People's Bank of China.[2] It is the first digital currency to be issued by a major economy, undergoing public testing as of April 2021.[2][3] The digital RMB is legal tender[4] and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins.[2]

The digital yuan is designed to move instantaneously in both domestic and international transactions.[2][5] It aims to be cheaper and faster than existing financial transactions.[2] The technology enables transactions to take place between two offline devices.[6][7]

https://en.wikipedia.org/wiki/Digital_renminbi

[trunkmonk]

the scary part that most dont understand, cause they are clueless about past markets, is most of those will vaporize someday and be completely worthless. Two things about markets, they always repeat themselves, and markets run on people's emotions and decisions. since it runs on people and what they will do and not based on economy directly and just the result of how people react to economic changes, they will always base decisions on fear an greed.

Tolerance is different these past few years, people go to the internet for everything, believe what they want, and can be comforted by BS, and it works because of money printing presses all over the world provide temporary liquidity and real growth (GDP). so the real correction that was due about 3 to 4 years ago is delayed or distorted. this correction coming will most likely be a shift from useless to useful. garbage to gold so to speak. Trump Team are modern day alchemists, using past experiences and conditions to work for them. Trump is a Genius, Gold will be higher than ever before by multiples, Crypto Tokens will replace old clunky methods like SWIFT(too many middle men), and traditional market transfers(2 and 3 day reconciliation periods), with Tokens backed by Gold.