January 19, 2023

Russia, Iran Eye Issuance Of Stablecoin Backed By Gold

After the decoupling of gold from the dollar in 1971, central banks decried “Gold is dead”, “Gold is not money”, Gold is obsolete”; and thus, the war on gold began, even though those same central banks were quietly accumulating vast stores of gold. Now, suddenly, gold is resurrecting as the most important monetary asset in the world.