Tin Foil Hats, Economic Reality and the Total Perspective Vortex

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Russia Begins Piloting Digital Gold System for International Settlements​

The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence on the dollar.
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... According to local reports, ...

These digital gold assets are blockchain-based tokens whose value is pegged to the price of gold in international markets and backed by real gold stored in vaults. The pilot, which is intended solely for testing purposes, includes the purchase of digital gold assets for rubles and a subsequent repayment scheduled for May 2025.
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Russia Begins Piloting Digital Gold System for International Settlements – Crypto News Bitcoin News

The program is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia.

news.bitcoin.com

 

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The dollar is at risk of losing its traditional status as a safe haven for global investors following a tariff backlash, a European banking giant has warned.

German-based Deutsche Bank said: “This needs to be acknowledged as a possibility” after the speed and scale of geopolitical uncertainty accelerated the dollar’s turmoil.

The concerns were shared in a note to clients by the bank’s global head of FX strategy George Saravelos, first reported by Bloomberg.

The note said: “It is hard to over-estimate the scale of change taking place in global economic and geopolitical relations in a matter of days.”
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https://www.msn.com/en-us/money/mar...e-haven-status-says-deutsche-bank/ar-AA1AeFvG