China’s big move for the 21st century is to pull a “trap door” on the U.S. by launching a gold-backed crypto currency that will devalue the U.S. dollar to “zero,” this according to Max Keiser, host of the Keiser Report.
“[China] is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you that the cryptocurrency that China’s rolling out will be backed by gold. It’s a two-pronged announcement. Number one, China’s got 20,000 tonnes of gold, number two, we’re rolling out a crypto coin backed by gold, and the dollar is toast,” Keiser told Kitco News.
Keiser added that bitcoin is a superior form of currency to gold.
“Both fiat money and gold are inferior to bitcoin for one very simple reason, that with a bitcoin transaction, it is also simultaneously the settlement. You don’t have that with fiat, you don’t have that with gold,” he said.
________________________________________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Related Post:
- MAX KEISER: CHINA’S CRYPTOCURRENCY WILL BE GOLD-BACKED | Bitcoin Price $100K Surge
- Bitcoin Will Be Like Moses for Gold, Liberate Metal To $5,000 – Max Keiser Part 2
- Gerald Celente (Jan 16, 2018) – VS Max Keiser Bitcoin Will for Gold, Liberate Metal
- Abu Garcia Max Pro, Max STX & Max X Casting Reels – 2023 Spring Releases
- Bitcoin Crash and Rise Of Gold Again – Bitcoin Future – Max Keiser
- Max Keiser explains why only gold, silver and bitcoin can save you now
- Max Keiser Reveals the One Aspect Gold Has That Bitcoin Is Lacking
- ? Max Keiser vs. Peter Schiff – Bitcoin vs. Gold Debate
- Max Keiser vs Peter Schiff – Bitcoin vs Gold Debate | Nexus Conference 2017
- Bitcoin & Gold Benefit From Weakness In The Stock Market – Max Keiser
