Topic: Hey Russia is time to sell Gas and Oil for Gold only (Read 1064 times)
Haha, I would love to see that happening. It would be a smart move.
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
In that case bitcoin will cost 10,000 USD
Or 100,000, who knows?
Russia is having $460 billion in its reserves. Even if Russia is able to secure half of all BTCs in circulation (6.5 million BTCs), each one of those BTCs will be worth $70,769.
Countries will try to get their oil from other sources , Oil producing countries will try to increase the production , oil prices will go up.
In the same time will have also a gold bubble , which will burst when Russia will realize that is losing money since their exports are down 90% and starts accepting paper back.
A lot of people will make a lot of money during this , a lot will suffer and nothing will really change.
In the same time will have also a gold bubble , which will burst when Russia will realize that is losing money since their exports are down 90% and starts accepting paper back.
A lot of people will make a lot of money during this , a lot will suffer and nothing will really change.
cast BTC/USD = infinity
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
In that case bitcoin will cost 10,000 USD
Or 100,000, who knows?
then is time to campaign for that no ?
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
In that case bitcoin will cost 10,000 USD
Or 100,000, who knows?
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
If I were a US citizen I reckon both Gold and BTC might be a good place to put USD - and I'd be doing it while USD still holds the value that it does - unless of course I was broke, in which case the point is moot/academic
Of course, when the US sneezes the UK catches the cold - so I have some BTC myself already
ps. Same questions asked here
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
Something bad would happen for everyone because it will crash entire USD economy. It's an act of collective suicide, that's why nobody will dump such amount of green paper while another option is available. 
Quote
So here it goes: in the just reported latest data, for the week ended March 12, Treasurys held in custody by the Fed dropped to $2.855 trillion: a drop of $104.5 billion. This was the biggest drop of Treasurys held by the Fed on record, i.e., foreigners were really busy selling.
via: http://www.zerohedge.com/news/2014-03-14/it-begins-past-week-foreigners-sell-record-amount-over-100-billion-treasurys-held-fe What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
Something bad would happen for everyone because it will crash entire USD economy. It's an act of collective suicide, that's why nobody will dump such amount of green paper while another option is available.
I know most users on this forum will be exited if Russian started exporting gas and oil for Bitcoins but that is not going to happen soon so selling Gas and Oil for Gold can be a interesting move.
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
What could happen if Russian dumped the USD and switched to Gold for Gas and Oil exports ?
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