Stablecoin deliverable in (0%-yielding) gold in HK. It would likely be attractive to much of the world relative to a 0%-yielding stablecoin backed by T-Bills (even Greenspan said…
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Stablecoin deliverable in (0%-yielding) gold in HK. It would likely be attractive to much of the world relative to a 0%-yielding stablecoin backed by T-Bills (even Greenspan said in 2014 that gold > …
Stablecoin deliverable in (0%-yielding) gold in HK. It would likely be attractive to much of the world relative to a 0%-yielding stablecoin backed by T-Bills (even Greenspan said in 2014 that gold > USD.) And before one asks "How would one get gold from HK?", ask the correct first question: Q: "Who runs a surplus v. the Chinese who would even be in the position to require gold settlement from HK?" A: Arab oil exporters (sometimes), Russia (sometimes), Korea (sometimes.) That's it. Everyone else is in a deficit position to China.
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