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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.
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[–] 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.