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To: null and void
How many countries went off the gold standard? How many went back on?
11 posted on 11/09/2009 9:09:07 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

If gold is so useless, why are all the central banks and especially China, buying so much of it?


12 posted on 11/09/2009 9:29:39 PM PST by ikka (Brother, you asked for it!)
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To: Toddsterpatriot
How many went back on?

For the most part, countries that debased their currency eventually ceased to exist. So in that sense...

Arguably, France when back to a gold standard when Napoleon took over. It wasn't The French Republic anymore, but.

The UK returned to the gold standard in 1821 and again in 1925.

France again in 1928.

The problem is that being able to print all the money in the world is addictive:

Very addictive. Like all addictions it eventually destroys any addict without the will to go clean.

18 posted on 11/10/2009 8:03:15 AM PST by null and void (We are now in day 292 of our national holiday from reality. - 0bama really isn't one of US.)
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