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by bugzz 1555 days ago
The total value of all currency right now is far higher than the value of all the gold - if there was some sort of rush back to gold the price increase would be tremendous
1 comments
eru 1555 days ago
Not necessarily. Fractional reserve banking works and worked just fine; now and back on a gold standard.

No need to have one unit of gold for each unit of currency. You just need to redeem them on demand.

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