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

**eliniaguilefp7m** · 09-05-2012, 02:53 PM

The article is pure speculation without any corroboration.

Indeed it is, yes China may for good reason (Tungsten) want to remelt their newly purchased bars, but it really doesn't amount to them wanting a gold backed currency. As I remember it trading at their gold exchange is in kilo's. Here in Turkey all gold bars retailed are in grams or kilo's. You can buy 1, 2.5, 5, 10, 20, 50, 100, 250, 500 and 1000 gram bars. I am sure there are a few ounce bars around, but I haven't seen any...

09-05-2012, 02:53 PM	#13
eliniaguilefp7m Join Date Oct 2005 Posts 385 Senior Member	The article is pure speculation without any corroboration. Indeed it is, yes China may for good reason (Tungsten) want to remelt their newly purchased bars, but it really doesn't amount to them wanting a gold backed currency. As I remember it trading at their gold exchange is in kilo's. Here in Turkey all gold bars retailed are in grams or kilo's. You can buy 1, 2.5, 5, 10, 20, 50, 100, 250, 500 and 1000 gram bars. I am sure there are a few ounce bars around, but I haven't seen any...
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