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RE: Broken Reservations

in Finance and Economy19 days ago (edited)

So I can't help wondering if gold, or a gold backed currency will make a comeback.

Maybe. The problem might be, that there is only something like 12 trillion worth in gold - is that enough to back all the currency needs? It covers what there is now though.

Edit - and that includes all the jewellery in that estimate of the 12.