tag:blogger.com,1999:blog-2952995250208222748.post5694722256098091551..comments2022-12-11T09:33:00.334-05:00Comments on Midwest Musings: A PASSAGE THROUGH TIMECharles Jameshttp://www.blogger.com/profile/15058483284688977534noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2952995250208222748.post-63477166422319815332013-01-22T15:00:59.114-05:002013-01-22T15:00:59.114-05:00Couple problems with the gold-backed Yuan thesis:
...Couple problems with the gold-backed Yuan thesis:<br /><br />First, China needs a lot more gold to come close to the US or even Germany.<br />http://en.wikipedia.org/wiki/Gold_reserve<br /><br />Second, it would mean agreeing with Evans-Pritchard, something I'm loathe to do:<br />http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100022332/a-new-gold-standard-is-being-born/Carternoreply@blogger.comtag:blogger.com,1999:blog-2952995250208222748.post-21351712544339297692013-01-22T10:38:47.627-05:002013-01-22T10:38:47.627-05:00The problem with the gold-backed Yuan thesis is th...The problem with the gold-backed Yuan thesis is that the US and Germany still own most of the gold.<br />http://en.wikipedia.org/wiki/Gold_reserve<br /><br />China is low, low low. Carternoreply@blogger.com