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<p>[QUOTE="desertgem, post: 1988652, member: 15199"]The Yuan will never be backed with gold. They wanted to do so when the USD was not respected 3-4 years ago, but the BRIC nations and their idea of replacing the USD as the internal currency with the Yuan or Russian backed 'oil currency' failed as did their did China's "personal gold accounts for Chinese citizens at BOC". No serious economy is thinking of PM based 'currency' today.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1988652, member: 15199"]The Yuan will never be backed with gold. They wanted to do so when the USD was not respected 3-4 years ago, but the BRIC nations and their idea of replacing the USD as the internal currency with the Yuan or Russian backed 'oil currency' failed as did their did China's "personal gold accounts for Chinese citizens at BOC". No serious economy is thinking of PM based 'currency' today.[/QUOTE]
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