This is definitely an interesting development.
Stablecoin pegged to Gold.
So far, there is not much talk on social media about this. Gold spiking above 2000$ may give a signal to the rest of the world to take this or similar proposals seriously.
One thing is evident - of late, there has been lot of talk and attempts to undermine Dollar’s dominance by different countries.
What is your take on this?
Unless something concrete happens, not many are gonna take it seriously.
It would take atleast 12-18 months of consistent trade contracts between considerable amount of nations to shake global media n garner their attention
Curious, why wouldn’t I just buy gold?
(Why not peg you own countries currency with gold instead & allow for digital transactions)
In my opinion, we definitely should have some gold in some or the other form. New world order if it happens, has to give lot of consideration to gold.
Too risky for my taste. Also I’m not into its aesthetic, so I’m definitely biased.
Gold is risky? Interesting 
The only reason for its inflated price is scarcity. If that is factored out (by happening to find more, scientific advancement, etc), it will crash to a fraction of its present value.
As i mentioned above, I am very biased (as likelihood of gold price crash is slim). I simply dislike it as an investment.
I wonder what you consider an investable asset in that case.
RealEstate, Water, Food …?
I would invest into anything that has any value other than: hopefully someday, I can sell this to another idiot for higher than I bought it.
And that would be? I mean you can apply that logic to literally anything. Value, Wealth all are priced according to what others are ready to “pay” (pay using money which also has no value acc. your logic).