China testing digital yuan in four cities
Gesara.news » News » China testing digital yuan in four citiesNews Date: May 5, 2020
The app is available for download in four cities selected for the initial trial: Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new metropolis located on the outskirts of Beijing
Smart investors should already be pouring money back into silver and gold before global monetary system collapse.
But now, experts like Peter Schiff, chief executive officer of Euro Pacific Capital, are betting on gold to topple the dollarâs long reign and establish itself as the new de facto reserve currency.
The US Senate approved a stopgap funding bill Thursday in a rare show of cross-party unity to avert a crippling government shutdown and keep the lights on for another two months.
Sovereign Gold Bonds, or SGBs, are issued by the Reserve Bank of India on behalf of the Indian government as an alternative to physical gold.
These gold bonds can be sold only to resident individuals, Hindu Undivided Families (HUFs), trusts, universities, and charitable institutions.
These bonds offer a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated.
Basically every usable currency around the world today is a fiat currency.
The U.S. dollar has been fiat since 1971.
Fiat money is a currency that is declared money by decree-not by the marketplace.
Though some fiat currencies were once backed by commodities, they are now only backed by the legislative power of the government issuing them.