RE: 🪙🇿🇼 Zimbabwe launches gold-backed currency! 🇿🇼🪙 by jfang003

hive-167922 · @jfang003 · 2024-04-06T05:28:27+00:00

$0.06

I am interested in seeing how this goes. However, I wonder if it's all talk though because I don't really seeing them redeeming the currency and giving out gold if it fails.

👍 geneeverett, urun

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Currency backed by Gold "Commodities" will not make for a Stable Monetary System, since "Commodities" tent to Fluctuate in Value by the Minute... Currencies need to be backed by Silver and Gold "Coins" with Set Weights and Face Values, in order to be Stable Monetary Tools...

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