Gold Is the Most Stable Currency
Gesara.news » News » Gold Is the Most Stable CurrencyNews Date: September 3, 2020
If gold didn't retain its purchasing power, why would long-term investors and central banks store it in their vaults for decades? Hardly is gold used for industrial applications, so, again, why hold large stocks of gold if it would lose its value over time? The truth is that gold retains its value, and the stability of gold's purchasing power in the long-term is the main reason to own it.
Russia, China switch to national currenciesRussia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
PayPal, Venmo to Roll Out Crypto Buying and SellingFintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Fed testing FooWire blockchain with HyperledgerFederal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
The Central Bank of China Extends Gold BuyingChina Extends Gold Buying With Fresh Flows to Central Bank.
The People's Bank of China raised its holdings by 30 tons in December, according to data on its website on Saturday.
This follows November's addition of 32 tons, and brings the nation's holdings to a total of 2,010 tons.
The cyber-war for GESARACyber-attacks were expected for the next two months as the Alliance continued to dismantle financial systems and bring in the Global Currency Reset.
State of Emergency has been declared in at least 17 states in US. This is a direct message from Q to get ready. It is a military operation.
The financial system is based on fraud. Set up to steal from us. It takes the money we work hard to earn and gives it to a tiny group of individuals. With the infinite supply of money, we have allowed them to buy influence.
The good guys who are with us are applying pressure on this financial system to end it once and 4 all. And it's happening now. The banks don't have any money, the Federal Reserve no longer exists, the bad guys are panicking and fighting back in many ways including cyberattacks.
Sources: www.axios.com, www.ntd.com