58 sats \ 2 replies \ @0xbitcoiner 9 Jul \ parent \ on: BRICs Currency: Can Gold Close The Confidence Gap? econ
I don't have any specific information, but we all know the history of China-India relations. Do you think India would trust China to lead and safeguard their gold?
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45 sats \ 1 reply \ @TomK OP 9 Jul
Never. But maybe they'll find more than one storage (Singapore as neutral state) and can establish bilateral audits? for example, more and more oil and gas between Russia, China, Iran and other countries in the region is no longer transacted in dollars.
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45 sats \ 0 replies \ @0xbitcoiner 9 Jul
There must be some solution, and I think it could be what you're saying, but I don't believe they'll reach a consensus anytime soon. Only time will tell!
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