Gold and silver audit issues aside, Kinesis operates a Cayman Islands based crypto and security token exchange that looks even less transparent than FTX
... in the meantime the fiat game continues as small banks all over the world are having liquidity issues and are either let down or gobbled up by big banks, who in turn plan to introduce CBDCs in the near future. This is the 1930ies game, played 21st century style all over. But hey, it was JP Morgan himself who said, Gold is money - the rest is credit. Now, what do you think CBDCs will be backed by ? Not gold.
... in the meantime the fiat game continues as small banks all over the world are having liquidity issues and are either let down or gobbled up by big banks, who in turn plan to introduce CBDCs in the near future. This is the 1930ies game, played 21st century style all over. But hey, it was JP Morgan himself who said, Gold is money - the rest is credit. Now, what do you think CBDCs will be backed by ? Not gold.