How? Magic? The price of gold and silver is determined by supply and demand. Unless the BRICS countries are buy so much gold and silver on the open market to push prices that high it won't happen. I don't think they can afford that.
Yet given the amount of gold that China is buying the price is still holding relatively steady. So they would have to buy at least a thousand times more (and keep buying it) to bring the price up that much.
Thanks for the laugh.
What is sad is that people actually believe this bullshit.
I don't really believe me in BRISC nation and their project
No. What concrete has ever come out of their summits.
Another 24 hours and their summit is over.
But there is something happening under, like china buying tons of gold to support this project. Should we consider this will be a successful project?
There is no project. It is another dream of goldbugs.
China is buying gold because it is neutral and the US cannot cancel it. If you are heading to war, you do not hold the debt of your enemy.
Oh that is true. 👍
😂🔥.
How? Magic? The price of gold and silver is determined by supply and demand. Unless the BRICS countries are buy so much gold and silver on the open market to push prices that high it won't happen. I don't think they can afford that.
China already doing that, buying tons of gold to back this project, but I don't have believe in BRISC
Yet given the amount of gold that China is buying the price is still holding relatively steady. So they would have to buy at least a thousand times more (and keep buying it) to bring the price up that much.
I think taskmaster say it all, they are doing it for some reasons.