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<p>[QUOTE=&quot;InfleXion, post: 1625820, member: 29012&quot;]I am simply postulating what the outcome of a gold backed yuan might be like since they are openly buying gold with that intent since that is the only way I am aware of that they can become the world reserve currency and no longer be at the mercy of US dollar policy to buy the oil they need. Personally I would not trade in my metal for any currency, gold backed or otherwise, except with a particular immediate purchase in mind. For any gold backed currency to be successful it is absolutely necessary that the gold can be called upon at any time, and I have no reason to trust China either, but that doesn&#039;t mean their trade partners wouldn&#039;t get on the bandwagon.[/QUOTE]</p><p><br /></p>

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