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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (201224)	9/4/2023 12:32:12 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217544

Re <<Please explain to me HOW will gold back a BRIC currency With these measly sums?>> Message 34341236 Team China has no plans to replace the USD as reserve currency. Team China shall merely and gradually trade more and more and more in RMB. Re <<measly sums?>> ... just says the price of gold is too low relative to the amount of trading. As to <<gold back>> ... convertible to gold does not equate to gold-backed / gold-standard ... but just means gold is 'banked', with proper / infrastructural on- / off- ramps between fiat and gold, the opposite of 'de-banked' in HK we have had easy on- / off- ramps to gold since forever ago, at button push, from every bank a/c as matter of course same going on in China since more recent times