Is there an graphic of gold vs value corrected by inflation?
In some decades the purchase value of US dollars can fall greatly.
I think the 1970's or something were a period of high inflation.
Topic: BTC ban is just Gold ban reloaded - page 2. (Read 683 times)
This topic doesn`t belong to the speculation board,it should be moved to Economics.
Gold prices were not kept low because of manipulations.They were low because the central banks were not printing money and creating inflation.I think you are wrong about the year.It`s not 1934,it`s 1944.
"The gold was used to finance aggression against Germany"-No somment....
China is NOT preparing for a big war and the cryptocurrency ban has nothing to do with China foreign policy.
Gold prices were not kept low because of manipulations.They were low because the central banks were not printing money and creating inflation.I think you are wrong about the year.It`s not 1934,it`s 1944.
"The gold was used to finance aggression against Germany"-No somment....
China is NOT preparing for a big war and the cryptocurrency ban has nothing to do with China foreign policy.
In 1934, the world's top criminal banned private gold ownership
https://en.wikipedia.org/wiki/Gold_Reserve_Act
Basically, gold was robbed from people in exchange for 35 centralized scam tokens called US dollars ("USD"). The gold was then used to finance aggression against Germany....
Today China has banned BTC/Fiat exchanges, which is basically the 21st century version of the gold reserve act.
It is a desperate attempt to keep the fiat scam ponzi system alive. However banning BTC is much harder. Even full prohibition would be very hard to enforce. And HODLing will be rewarded. Have a look.
Pre-1934 gold price: 20$
Gold price at time of ban: 35$.
After the ban, gold price went up, in 1976 it was already $120. Gold prices were kept low by heavly manipulation for decades, which is not possible with BTC, that is why central banks are so scared: They do not own large amounts of BTC, which they can use to keep the price low.
Gold price today: 1300$
So, BTC price at time of ban: $4200
Good news for BTC owners. Unless you wonder: "Is China also preparing for a big war?"
https://en.wikipedia.org/wiki/Gold_Reserve_Act
Basically, gold was robbed from people in exchange for 35 centralized scam tokens called US dollars ("USD"). The gold was then used to finance aggression against Germany....
Today China has banned BTC/Fiat exchanges, which is basically the 21st century version of the gold reserve act.
It is a desperate attempt to keep the fiat scam ponzi system alive. However banning BTC is much harder. Even full prohibition would be very hard to enforce. And HODLing will be rewarded. Have a look.
Pre-1934 gold price: 20$
Gold price at time of ban: 35$.
After the ban, gold price went up, in 1976 it was already $120. Gold prices were kept low by heavly manipulation for decades, which is not possible with BTC, that is why central banks are so scared: They do not own large amounts of BTC, which they can use to keep the price low.
Gold price today: 1300$
So, BTC price at time of ban: $4200
Good news for BTC owners. Unless you wonder: "Is China also preparing for a big war?"
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