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That is what they are doing?
Then it will never be better than the USD, since it is once currency.
They will have to up their game.
Who will hold the gold?
Their respective governments?

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Exactly. Each one by its own

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Then how can they even trust each other?
Are they going to audit each others holdings?

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They need to audit their gold stacks

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Just imagine all the tungsten bars that are covered with gold!

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