GOLD 0.51% $1,391.7 gold futures

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  1. 33,110 Posts.
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    I'v got a few questions about this 'gold-backed currency'. If you could kindly help me out.

    1. Where will the gold be stored?
    2. Who's supplying the gold?
    3. How much gold will be required?
    4. Who would use a currency that's backed by failed states, tyrants and dictators?
    5. Who will print the paper currency so that it's secure legal tender?
    6. Who will ensure that the gold is pure, and not gold-coated lead?
    7. Since this currency won't be legal tender in most countries, who would use it?
    8. How will Putin or any of his henchmen attend this conference when they're wanted for war crimes?


 
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