Zimbabwe launches gold coins to tackle soaring inflation

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Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member

lostguy

Mentor Group Gold
They needed to invent something!
 

369

Entrepreneur
planned long time ago.
all gold miners in zimbabwe are already forced for years to sell their gold directly to their central bank and best of all they dictate the price they get

Is the gold standard coming back? ;)

to reply on that once this happen people will realise how gold outperformed bitcoin in this decade
 

369

Entrepreneur
26 July 2012:
Gold price: $1,618
Bitcoin price: $8.8

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

10 years performance:
Gold: +6.18%
Bitcoin: +237,070%

Really a bad decade for bitcoin rof/%
i said this decade........which means starting from 2020
also how many bitcoin did you had from $8.8 or even $100 ?
 

JohnnyDoe

Mentor Group Gold
i said this decade........which means starting from 2020
Ah ok, you derive data from 2 years thu&¤#
also how many bitcoin did you had from $8.8
Zero. Even though I mined it when it was worth nothing, but that computer is gone.
or even $100 ?
I won’t tell you ;)

26 July 2020
Gold price: $1901.85
Bitcoin: $9714.90

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

2 years performance:
Gold: -9.67%
Bitcoin: +114.83%

What a bad ”decade” for bitcoin!

Ps. If you want to take the 1 january prices the story doesn’t change.
 
Last edited:

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
If it helps Zimbabwe reduce inflation its a win. It will be interesting to see how effective the implementation is and how it fairs over next few years.
 

jjrapy

Active Member
Ah ok, you derive data from 2 years thu&¤#

Zero. Even though I mined it when it was worth nothing, but that computer is gone.

I won’t tell you ;)

26 July 2020
Gold price: $1901.85
Bitcoin: $9714.90

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

2 years performance:
Gold: -9.67%
Bitcoin: +114.83%

What a bad ”decade” for bitcoin!

Ps. If you want to take the 1 january prices the story doesn’t change.
So why are you putting price to bitcoin or even calculating performance if you just post everywhere that 1 btc is 1 btc, you don’t care about the price and bla bla bla ca#"! rof/%
 

JohnnyDoe

Mentor Group Gold
So why are you putting price to bitcoin or even calculating performance if you just post everywhere that 1 btc is 1 btc, you don’t care about the price and bla bla bla ca#"! rof/%
Because I am comparing btc with gold using a common parameter. I could do the same using the usual Lamborghini: how many btc and how many kilos of gold did you need to buy one 10 years ago and how many do you need today? That’s assuming someone is willing to sell a Lambo for some gold bars.
 

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