Oddbean

The fiat system has jumped the shark. Beef Central reports that wealthy Chinese may be using beef gallstones as currency 🤡🌏 Gallstones as currency One theory that has emerged about the current extraordinary prices for stones is that their appeal has transcended their primary use in traditional Asian medicine. Gallstones have become a form of currency in parts of Asia, it seems. “The Chinese economy is in a bad state, and wealthy people in China have been buying gallstones and storing them like they would gold,” an Australian broker told Beef Central. Another factor was that Chinese people are now limited by law to taking no more than $50,000 offshore, the trade contact claimed, so gallstones are being used as a means of cash transfer. Stones bought from Australia are being re-exported and sold out of China, and the resultant cash parked in overseas accounts, it was claimed.” https://www.beefcentral.com/news/cattle-gallstone-market-soars-to-stratospheric-levels-whats-behind-it/