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Gold Predictions 2017, page-220

  1. timber1956
    7,424 Posts.
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    22/11/17
    03:47
    Post #: 29003519
    @champ2003

    "Gold is now money with a UK Gold backed credit card being launched next year."

    How does a "gold backed credit card" work?
    Who lends the money?
    Who holds the collateral (gold I assume)?
    Who does the collateral belong to?
    Why would retailers care when it is the credit providers who carry the loses on default?

    This sounds like nonsense to me...
    Last edited by timber1956: 22/11/17
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    lightbulb Created with Sketch.  Great analysis
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