David Frum

@davidfrum ↗

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Last Checked March 2, 2022

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Sun Feb 27 17:45:49 +0000 2022

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David Frum @davidfrum

The Russians just showed the whole world the limits of gold. Normal countries can pledge their gold to settle accounts. Pariah countries must not only sell their gold, but they also have to move it. Thousands of tons of it. That's not so convenient. 14/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

But what about gold? What about bitcoin? 13/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

Anyway gold - and bitcoin too - still have to be converted into money if they are used to settle accounts between individuals and firms. They do not escape the problem that the money that the world most trusts is the money issued by rule of law democracies. END — PolitiTweet.org

Posted Feb. 27, 2022