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You do realise the gold standard was abandoned a long time ago. What are they going to do, force people to buy it at gunpoint? Back in the 60s the gold trade w
by simonh 6y ago
You do realise the gold standard was abandoned a long time ago. What are they going to do, force people to buy it at gunpoint?
Back in the 60s the gold trade was highly regulated. That's why the plot of Goldfinger doesn't really make any sense from a moderns perspective. It seemed quaint even to me as a teenager in the 80s. Nowadays gold is just posh bitcoin.
- jedberg 6y agoI'm aware that we aren't on the gold standard, but the US still has the largest store of gold in the world, and uses its army (and courts) to defend the value of gold. Along with the next top three holders, Germany, France, and Italy.
- simonh 6y agoAs I said, what are they actually doing to achieve this?