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<p>[QUOTE=&quot;InfleXion, post: 1622202, member: 29012&quot;]A fractionally backed gold standard would not work. The price of gold would rise accordingly due to the weaker nature of a fractionally based currency because it wouldn&#039;t be worth the amount of gold backing it. It has to be total number of dollars divided by total oz of gold to get the amount of dollars an ounce of gold should cost. If you say cut that in half then the dollar is overvalued by a magnitude of 2, and if everybody could buy gold for half as many dollars the market would move the price up to mesh things up.[/QUOTE]</p><p><br /></p>

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