Venezuela sets a precedent by issuing gold based certificates as a form of currency.
"The plan will start next month, Bloomberg reported, adding that the idea is for pensioners and others to use these gold-backed certificates to purchase various goods, including big-ticket items like cars.
The certificates will be reportedly backed by 1.5g and 2.5g gold ingots made from locally mined precious metal and cost $63 and $104 respectively."
See http://www.*****.com/news/2018-08-2...pt-To-Shield-Savings-From-Hyperinflation.html
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