Few Scars
Marauder
- Joined
- Aug 18, 2009
- Posts
- 7,341
- Location
- Arkadia
- Society
- Freelancer
- Avatar Name
- Bjorn Bjorn Longstaff
Hi
Just keen to explore where the PED sits. As you know 10PED is equal to 1USD. Which has been great for many years.
Now we are in an environment where the BRICS nations pulling away from the petrodollar, may impact the value of the USD also with the threat of the USD no longer being the reserve currency of the world.
Why query this? We all live in different countries with different currencies and have assets in EU and know that we can withdraw them in USD currently. The value of the USD maybe at risk, especially when the US has a debt of $35 Trillion which it can not ever pay off. The debt ceiling keeps being raised, but at some point the limit will be reached.
Question: Should MindArk consider buying gold and hold a reserve to support the PED value and unpeg from the USD?
Look forward to the debate.
Just keen to explore where the PED sits. As you know 10PED is equal to 1USD. Which has been great for many years.
Now we are in an environment where the BRICS nations pulling away from the petrodollar, may impact the value of the USD also with the threat of the USD no longer being the reserve currency of the world.
Why query this? We all live in different countries with different currencies and have assets in EU and know that we can withdraw them in USD currently. The value of the USD maybe at risk, especially when the US has a debt of $35 Trillion which it can not ever pay off. The debt ceiling keeps being raised, but at some point the limit will be reached.
Question: Should MindArk consider buying gold and hold a reserve to support the PED value and unpeg from the USD?
Look forward to the debate.