Many mainland China economic experts don’t understand currency at all, so they just talk nonsense! They don’t understand currency, economics, politics, or military affairs, but they like to pretend to be an expert. It’s really ridiculous! Give Chinese aunts the strongest benefits! Chinese aunts and poor people, no matter how much money you have, if you save some gold first, it will only benefit you without any harm! Your scrap money is not enough to buy real estate or save in the bank to beat inflation! Listen to me and there will be no harm in buying gold! First of all: gold is a trap like real estate, this person must be a fool! Real estate investment and gold are not the same type of investment at all! "Real estate" is a "fixed asset", and "gold" is a "current asset"! If you don’t understand what “fixed assets” and “current assets” are, go and learn economics first! If you don’t understand, don’t talk nonsense! Next time there are experts who talk nonsense, don’t throw away eggs, eggs are too expensive! Just dump the trash on them! Why can’t Bitcoin be used as a transaction currency? I have always emphasized that when "trading currency" must have "currency attributes"! "Gold" must be the trading currency of the future, and "gold" must not be replaced by any virtual currency! "Gold" must be the "trading currency" recognized by people all over the world! I will let everyone know: The benefits of gold as a currency!
Bitcoin cannot be used as a transaction currency: 1. Bitcoin is not “transparent” enough! What is "transparency"? We don’t even know who issued Bitcoin? There must be an issuer behind Bitcoin! But there is no specific issuing country for gold. Gold is refined to a certain purity based on mines around the world! "Gold" transactions are more transparent, equal and fair! "Bitcoin" is formulated based on rules and calculation methods. Who makes the rules? Who makes the calculations? So, do you think Bitcoin transactions are fair? Are Bitcoin transactions transparent? 2. The “quantity of Bitcoin is uncontrollable”! Bitcoin and virtual currencies are just like the US dollar! Cryptocurrency, Bitcoin, and U.S. dollars can all be issued in ever-increasing units according to the issuer's rules, and these are not restricted at all! Can gold be mined casually? Can gold fill the streets everywhere? Of course not! The quantity of gold, the number of mines, and the quantity mined all have certain standards and purity! This is why Bitcoin and virtual currencies cannot be used as trading currencies! How are Bitcoin and virtual currencies different from the U.S. dollar? U.S. dollars can be printed on any paper! Virtual currency can be issued freely online just like Bitcoin! Do you understand? Aunts, hold on to the gold in your hands, there will be a big surprise! 3. Are virtual currencies and Bitcoin “liquid assets”? Cryptocurrencies and Bitcoin should not be considered “assets”! Why? Everyone needs to understand one thing: What is an “asset”? "Assets" have calculable value! Things that “have calculable value” are real “assets”!
In general accounting, "assets" are divided into two categories: "fixed assets" and "current assets"! "Fixed assets" are generally "slow to realize" and "low in transaction performance"! "Current assets" are stocks, bonds, cash and gold, antiques, jewelry... etc. These are all "current assets". The characteristics of "liquid assets" are that they can be liquidated quickly and have realizable value! Basically, cash must be valuable, but when war breaks out, cash may become worthless, so the depreciation rate of current assets is quite high! Why do I say: Bitcoin and virtual currencies cannot be considered liquid assets? Now Bitcoin and virtual currency can be traded, but if a war breaks out, Bitcoin and virtual currency cannot be traded at all! Just like the stocks of some companies, if these companies are liquidated, the stocks of these companies will become waste paper! Bonds and national debt are all the same! Why do people like to collect antiques, jewelry, and gold? Because these are truly valuable "liquid assets"! If there are buyers who like antiques and jewelry, they will get them no matter how much they spend! This is what the Chinese say: A thousand pieces of gold can’t buy a piece of your favor! If it is a liquid asset, of course gold is the most liquid! Because both antiques and jewelry need to find a "buyer", "gold" is a more acceptable transaction method for the general public! "Gold" may be exchanged for a lot of food during the war, because everyone knows the "value" of gold! People who don’t know much about jewelry and antiques will regard them as “junk”!
Chinese aunts, are you now more confident to hold gold? "Gold" will inevitably become the mainstream currency in world trade, which is what I have said time and time again: "BRIC currency"! Why use “BRIC Currency”? We must equalize the "labor force" of people all over the world! What does it mean? Everyone’s labor force will not be exploited by certain countries’ “currency exchange rates”! That is, everyone is on the basis of equal remuneration! Not based on earning $1 USD = 7.29 RMB! Why does the United States print so many U.S. dollars, and the whole world has to pay for the indiscriminate issuance of U.S. dollars every time? In the future, if the "BRICS currency" is used all over the world, the world will not need to pay for the indiscriminate issuance of currencies by various countries! American experts and scholars said: The United States now has 8,000 tons of gold. If the U.S. dollar is linked to gold, do you know how many U.S. dollars are equal to 1 ounce of gold? Those experts said: 1 ounce of gold must be equal to $170,000! You read that right, 1 ounce of gold = $170,000! This is the situation where the 8,000 tons of gold inventory is completely in America! I don’t know if the RMB is linked to gold, how many RMB will China’s gold reserves =? Every country needs to start calculating your country’s gold reserves and link their own currency to gold! In this way, people of all countries will have more confidence in their own country's currency! First of all, we must have confidence in our own national currency so that our labor force is valuable! When I saw that 1 ounce of gold = $170,000, I was really ~~Anger! What does this mean? 1. "USD" is seriously over-issued! 2. The Federal Reserve really doesn’t treat the American people as human beings! It is really difficult for the American people to repay this super-issued US dollar! These capitalists keep printing US dollars and issuing U.S. debt. America peoples have no ability to make money to repay our debts! The U.S. labor output is not that high at all. How can the U.S. repay its U.S. debt? If the United States cannot repay its U.S. debt, and the interest on the U.S. debt is so high, Americans will be ripped off just for paying the interest! The interest on U.S. debt will get higher and higher, and it is impossible for the United States to solve the U.S. debt problem! Now only the United States is bankrupt, and the United States is left with 8,000 tons of gold pegged to the new US dollar, or 1 ounce of gold for $170,000 of the old US dollar! This is the only way to solve the US debt!
