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

**slima** · 09-06-2012, 05:59 AM

Germany has enough gold and that is all that matters. They could partner with Russia and the Nordic nations for a gold backed currency that would be a new Euro. The lazy fucks in the South of Europe and the French are toast. No way to avoid that. It will be ugly, but life will go on.

RankCountry/OrganizationGold
(tonnes)Gold's share
of national
forex reserves (%)[12]-

European Union15,784.1N.A.1

United States of America8,133.576.6%2

Federal Republic of Germany3,396.373.7%3International Monetary Fund2,814.0N.A.4

Italian Republic2,451.873.4%5

French Republic2,435.471.8%6

People's Republic of China1,054.11.8%7

Swiss Confederation1,040.115.3%8

Russian Federation883.29.2%9

Japan765.23.5%10

Kingdom of the Netherlands612.561.9%

I was a bit surprised to find Japan higher on the list than India (11th).

from: http://en.wikipedia.org/wiki/Gold_re..._gold_holdings

09-06-2012, 05:59 AM	#21
slima Join Date Oct 2005 Posts 543 Senior Member	Germany has enough gold and that is all that matters. They could partner with Russia and the Nordic nations for a gold backed currency that would be a new Euro. The lazy fucks in the South of Europe and the French are toast. No way to avoid that. It will be ugly, but life will go on. RankCountry/OrganizationGold (tonnes)Gold's share of national forex reserves (%)[12]- European Union15,784.1N.A.1 United States of America8,133.576.6%2 Federal Republic of Germany3,396.373.7%3International Monetary Fund2,814.0N.A.4 Italian Republic2,451.873.4%5 French Republic2,435.471.8%6 People's Republic of China1,054.11.8%7 Swiss Confederation1,040.115.3%8 Russian Federation883.29.2%9 Japan765.23.5%10 Kingdom of the Netherlands612.561.9% I was a bit surprised to find Japan higher on the list than India (11th). from: http://en.wikipedia.org/wiki/Gold_re..._gold_holdings
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