https://t.me/GCR_RealTimeNews/292GCR Real-Time News, [May 14, 2023 at 12:29]
The results are in for the first week of sales for the Golden ZIM Digital Token
Are you seeing this???
The Reserve Bank of Zimbabwe (RZB) sold nearly all of the 140kg of gold used to back the first-round auction of the ZIM digital token. A total of ZWD 139.6 million ($11.8 million USD) in the RZB Gold Token were sold last week.
Private Citizens were able to invest in the Digital Tokens for as little as $10 USD while businesses were held to a $5,000 USD minimum transaction amount.
Gold-backed digital tokens allow gold to be purchased in small fractional amounts and eventually making it usable for every-day purchases.
Because it’s very difficult to bring physical gold coin (currently values over $2,000 USD) to a grocery store and buy only $100 of goods.
Perhaps Zimbabwe is now showing the way for utilizing gold to stabilize hyper-inflationary local currencies against a predatory US Dollar in their local markets.
So far so good!
I expect individual US States (like Texas and others) to eventually offer gold-backed digital tokens as an alternative to the FED’s malevolent CBDC US Dollar tokens.
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