Charles Hugh Smith: Could Central Banks Dump Gold in Favor of Bitcoin?

Could Central Banks Dump Gold in Favor of Bitcoin?

H/t reader squodgy:

“I think this fits in better as both are based on ethereal trust instead of hard real substance.

The reason crypto can never replace gold lies in physics: Gold cannot be destroyed

http://www.zerohedge.com/news/2017-12-12/gold-guys-view-crypto-bitcoin-and-blockchain

But certain theorists disagree….

http://charleshughsmith.blogspot.co.uk/2017/12/could-central-banks-dump-gold-in-favor.html

The thing is, twenty years from now, the next but one generation won’t know anything else BUT cryptos, which will be the new digital FIAT paper money, and they will have been brought up with implants for all transactions, perpetualising DEBT SLAVERY for the benefit of the Bankster Cabal.

Precious metals will be a blackmarket commodity.”

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