4 ms·
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
by bugzz 5y 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
- eru 5y agoNot 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.