GOLD 0.51% $1,391.7 gold futures

I notice that you say "probably" gone for good. A guess on your...

  1. 2,731 Posts.
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    I notice that you say "probably" gone for good.
    A guess on your part.
    With trade wars, currency wars, and the chance of hot wars, only a mug would rule out future gold backed currencies.
    In the struggle for trade supremacy (china/Russia vs USA/UK), it will be the bloc with the most gold which eventually will have the strongest currency.
    China 20,000+ tonnes. could back its currency with gold
    USA 8,133 tonnes (?). will not, unless forced to.
    you are a brave man to rule out a gold backed Yuan.

 
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