“Digital gold and physical gold. President Salvador Naigvador Boukele has just announced that the central bank had significantly invested in gold. This is for the first time in 35 years and is part of a broader strategy for diversification of reserves of the country. Indeed, this Central American country already has significant bitcoin reserves (BTC), and this current purchase of gold may well foresee significant investments as well as in […]”, – WRITE: Businessua.com.ua
Digital gold and physical gold. President Salvador The most boukel just announced that the central bank significantly invested in gold . This is for the first time 35 years old And it is part of a broader strategy for diversification of reserves of the country. Indeed, this Central American country already has Significant Bitcoin Reserves (BTC) and this current purchase of gold may well foresee significant investments in digital gold.
The key points of this article:
- Salvador made a historical investment by purchasing 13 999 ounces of gold that became the first purchase of gold its central bank in 35 years.
- This step is part of a reservoir diversification strategy that is already marked with a significant stock of bitcoins, and can herald future large investments in digital gold.
Salvador invests in cost storage with gold and bitcoins It is the X president Nayb Boukele announced the purchase 13 999 ounces of gold or over 435 kg for $ 50 million . It is the average cost of just less than $ 3572 per ounce (approximately 31.1 g of pure metal).
This purchase increases Gold stock Countries almost on 32% by bringing it to approximately to 58 105 oz or over 1.8 tons precious metal. The total cost is almost $ 207 million .
“Buying this precious metal is the first central bank made since 1990. (…) This acquisition is part of a long -term strategy based on a reasonable balance in assets that make up international reserves [Сальвадора]”.
El Banco Central De Reserva (BCR) Salvador
Will the BUKLE BUKLE AGAIN BARD BTC? Buying gold with Salvador is not a single case. Many central banks in the world increase their gold reserves. China , India and Russia lead in this trend by considering gold as The best safe shelter in the face of global economic uncertainty. Only France more precisely Nicolas Sarcosis , sold gigantic quantities of gold metal, by selling close 600 tons of gold In 2004.
This investment in a known safe harbor It can also be a harbinger A similar step in Bitcoini, also known as “digital gold”. Indeed, having faced with rates in the predictive markets that were offered to bet on will Bitcoin Salvador have $ 1 billion by the end of 2025 (compared to approximately $ 700 million Currently), President Nigol Boukele a few days ago clearly hinted that he can “ to make the most killed thing now ” .
According to The Bitcoin Office government agency, Salvador has today 6 290 BTC In his national treasury.
Does Salvador finally ignore The International Monetary Fund (IMF) blackmail on loan But will massively buy bitcoins? In any case, the supranational organization does everything possible to slow the introduction of bitcoins all over the world, Similarly threatening Pakistan After the country’s announcements about mining and creating a bitcoin reserve.
Source: Journalducoin.com
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