The BRICS gold currency hoax
Why is there so much fake news about Brazil, Russia, China, and South Africa (BRICS) adopting a gold-backed money? A conversation in Vienna.
You’ve seen the clickbait. Perhaps you’ve even elevated and retweeted it: BRICS countries adopting a gold-backed money to compete with the US dollar and Euro!
But it’s basically fake news.
That said, it does bring up some interesting questions about the desirability of the US dollar, Bitcoin’s ultimate pitch as a reserve currency, the moves for geopolitical strength, and just how super inflation-jacked our global economies are.
—Niko and Yaël discuss in studio in Vienna, Austria.
For those interested further in the topic, check out Niko’s contributions to the “In Gold We Trust” Report produced by Ronald-Peter Stöferle and Mark Valek’s asset management company Incrementum AG, which also received some 🔥 on Twitter and Nostr this week for its interview with former Credit Suisse analyst Zoltan Pozsar.
Niko: @nikojilch / nostr: npub1st4elxz4dphx2qxpuaklvs855zetnkglu8dvszdxamgqn5q3pk5svflv5p
Yaël: @yaeloss / nostr: npub15dnln6cukw3yrflnv3hnrntdt9amh0uw466u6tns05ymqp3nal4qzz3lfc
This episode is sponsored by…
21bitcoin - The easy way to buy, sell, save and send Bitcoin.
21bitcoin is a Bitcoin-only app, not an exchange. No distractions, individual savings plan, very low fees, first-class personal support, and a German bank account. Based in the Austrian Alps, available throughout Europe. Download now.
Use code “FIXTHEMONEY” to get up to 20% off your fees :)
Not your keys, not your coins! You need a hardware wallet. Check out the Bitbox02 - Swiss-made, secure, beautiful, open source, Tor support, Bitcoin only and all-around awesome!
Use code “FIXTHEMONEY” to get 5% off :)
Thanks for reading Fix the money! Subscribe for free to receive new posts and support my work.