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<p>[QUOTE=&quot;GoldFinger1969, post: 2649869, member: 73489&quot;]But that&#039;s not how the Bretton Woods system worked.&nbsp; Yes, a Central Bank here or there could arbitrage a few ounces of gold here-or-there.</p><p><br /></p><p>But those countries also needed DOLLARS to purchase American goods or services so they were also selling gold for dollars.</p><p><br /></p><p>The problem was the U.S. not being willing to live under a Gold Standard, not unlike Greece and Italy not being able to live under the Euro.[/QUOTE]</p><p><br /></p>

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