Awake-in-3D: The results are in for the first week of sales for the Golden ZIM Digital Token
Awake-in-3D
The results are in for the first week of sales
for the Golden ZIM Digital Token
HEY IRAQ!!!
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.
Why?
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.