DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - China Launching Gold Backed Worldwide Currency

**Sironimoll** · 09-05-2012, 03:10 PM

The first country that backs their currency with gold is the loser.

So, China would lose by dumping all their FRN's for Gold and then ONLY settle in Gold?

I doubt it.

09-05-2012, 03:10 PM	#11
Sironimoll Join Date Oct 2005 Posts 462 Senior Member	The first country that backs their currency with gold is the loser. So, China would lose by dumping all their FRN's for Gold and then ONLY settle in Gold? I doubt it.
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