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A comment on Why Deutsche Bundesbank had to promise to leave 1200 tons of gold in New York. Parent comment

Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by xyzzyz on Sunday April 30, 2017 @08:27PM (#14234716)
That's completely irrelevant. The issue at hand is whether the US is able to pony up 1200 tons of gold, not whether they can back their whole currency base with gold at current exchange rate.
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Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by mcbits on Sunday April 30, 2017 @09:17PM (#14234880)
It's relevant to the hypothetical state stealing enormous quantities of gold from other states. They wouldn't do it to give all the citizens fancy necklaces and dental implants. The reason would be to shore up their currency. The economics of gold changes under that hypothetical scenario, and it's the current market price of gold that is completely irrelevant.
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