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We haven't really used gold for the past 100 years or so, except that we pretended the US Dollar was backed by it from ~1950-1971. By which process will bringi
by runeks 10y ago
We haven't really used gold for the past 100 years or so, except that we pretended the US Dollar was backed by it from ~1950-1971.
By which process will bringing back large amounts of gold "decimate economies"? And which economies, specifically?
- deepnotderp 10y agoIndia. Even China to some extent. Large amounts of savings would be negated overnight. Rival economies like the US could benefit from such incidents.