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I do think that the USA would have to be prepared to rebalance its economy so that it has a current account balance or close to it in order to implement such a scheme, else gold might flow rather quickly out of the USA, diminishing the purported eight tons reserve, unless it substantially under valued its currency wrt gold as France did after WW I.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 28th, 2014 at 02:57:04 PM EST
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