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> their creditworthiness believable this not backing ? > look at how little gold China stores by metric tones china is on 6th place in world, what do you mea

• CRConrad 6y ago
  >>[Governments use gold to make] their creditworthiness believable > this not backing ? It's the opposite. Originally you said "Gold Market is backed by Governments". This is governments being (partially) backed by gold. >> look at how little gold China stores > by metric tones china is on 6th place in world, what do you mean ? Their economy is the largest in the world. How much smaller are their gold holdings, compared to those in first place?