0
0

[–] daskapitalist ago 

I have a hard time seeing a gold backed Yuan have a substantial effect in the short term. The main value of the gold standard is to prevent inflation from excess printing of fiat currency. Given the current US inflation rate of 1%, I expect bondholders to prefer that 1% inflation to the higher volatility of gold.

0
1

[–] thatguyiam [S] 0 points 1 point (+1|-0) ago