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<p>[QUOTE=&quot;JJK78, post: 1621995, member: 19207&quot;]So you are saying there would be no benefit to the Chinese by backing their currency with GOLD instead of DEBT, and overtaking the US dollar as the world reserve currency?</p><p><br /></p><p>Well the masses may be happy with fiat, but that is because for the most part the masses are STUPID and oblivious to the real problems of the world... they are more concerned about what is happening on Jersey Shore~</p><p><br /></p><p>If everyone is so happy with fiat currency, then why are the central banks (which act on behalf of their respective goverments) buying gold in record amounts?</p><p><br /></p><p>From Bloomberg.com, which I don&#039;t believe is a &quot;gold bug&quot; site... <a href="http://www.bloomberg.com/news/2012-12-21/brazil-doubles-gold-reserves-with-third-purchase-as-banks-buy.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/2012-12-21/brazil-doubles-gold-reserves-with-third-purchase-as-banks-buy.html" rel="nofollow">http://www.bloomberg.com/news/2012-12-21/brazil-doubles-gold-reserves-with-third-purchase-as-banks-buy.html</a>[/QUOTE]</p><p><br /></p>

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