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Yes that's why the banks suddenly want in on crypto. Well...

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dolcevita

30,353 Posts.

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27/01/22

14:47

Post #: 59163990
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Originally posted by figjam2708: ↑

interest rates are not 8%. If they were, we would likely not get the current/coming inflation. Ergo it would not be the time to increase gold holdings. If you think the world economy with current debt levels can handle 8% interest rate then I have a bridge to sell you.

The world has printed a lot of money and that typically ends in inflation. Not to mention Crypto has added to the global monetary supply from thin air. Crytpto is basically a sophisticated form of counterfeiting when you think about it.

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Yes that's why the banks suddenly want in on crypto. Well spotted.
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