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Chinese set to back the Yuan with gold... new world reserve currency?
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<p>[QUOTE="Revi, post: 1621988, member: 42843"]I don't think they are actually doing it. Why should they? The masses are happy with fiat. Now rich people may want a reserve currency, like in Rome when the masses got denarius while the rich used gold solidus to preserve their purchasing power. I can't see one of the major currencies going to real value when nobody else is doing it.[/QUOTE]</p><p><br /></p>
[QUOTE="Revi, post: 1621988, member: 42843"]I don't think they are actually doing it. Why should they? The masses are happy with fiat. Now rich people may want a reserve currency, like in Rome when the masses got denarius while the rich used gold solidus to preserve their purchasing power. I can't see one of the major currencies going to real value when nobody else is doing it.[/QUOTE]
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