Pastiano on Nostr: Your daily reminder that gold-backed currency won't work at our times. Bitcoin or ...

Your daily reminder that gold-backed currency won't work at our times. Bitcoin or nothing.

quoting nevent1q…qzcr

Zimbabwe’s Gold-Backed ZiG Weakens Past 14 Per Dollar to Record Low

Zimbabwe’s bullion-backed currency has slid past 14 per dollar, its weakest level on the official market since it started trading five months ago. #press

https://www.bloomberg.com/news/articles/2024-09-27/zimbabwe-gold-backed-zwg-usd-zig-currency-hits-record-low-against-us-dollar?utm_source=press.coop