Message:

<p>[QUOTE=&quot;Info Sponge, post: 1018871, member: 20538&quot;]Foreign central banks haven&#039;t been able to get gold for dollars since 1971, which by most definitions was the end of &amp;quot;backing&amp;quot; by gold.&nbsp; &nbsp;&nbsp; As long as Boeing, wheat farmers, and Microsoft take dollars in exchange for their exports, the dollar will have value overseas.&nbsp; &nbsp; If Fort Knox were empty, there would be some psychological impact but the absence of $180 billion of assets that can&#039;t be traded for dollars anyway wouldn&#039;t mean much to the markets compared to $153 billion of exports *every year* that are exchanged for dollars.&nbsp;&nbsp; Central banks settling accounts in gold: I don&#039;t actually know whether they ever do, but citation needed?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in