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<p>[QUOTE=&quot;desertgem, post: 1625787, member: 15199&quot;]The use of the term gold-backed currency indicates a willingness of the government to issue gold at the rate indicated when presented with their paper. No limits on amounts or what country is exchanging it. To be a world reserve currency the US has done this during the time it was metal backed. A chance was given to holders of the paper to exchange it or the bill would be no longer acceptable for exchange. </p><p><br /></p><p>I am sorry, but China does not have the trustworthiness among the majority of world countries to make them believe, IMO. Yes, Brazil , Russia , and a few others indicated they were , but that was the governments working a forex advantage which is not as strong now.&nbsp; Switzerland probably could do it , except their float is too small. Germany, GB, Russia ? I think not IMO. </p><p><br /></p><p>I assume that you would seek to exchange USD for Yuan if it was labeled as metal backed, but I wouldn&#039;t due to the risk factors.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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