/biz/ - Business & Finance

>>56530454
no, they are just leaning on the US same as Japan and the US is leaning on gold.
Also if you have 0 gold the equation is still $ > 0 gold so as long as your monetary policy and/or fiscal policy is sensible you wont drive your fiat currency to zero even if you do not have any gold or a currency of a country that has gold in your reserves.

But once your monetary and fiscal policy goes berserk (which is happening in most of the western world) you will inflate till whatever assets that make up your reserves rise in value to the extent that it in large part backs your debt/money supply.
>picrelated, orange 10% of gov debt divided by ounces of gold in reserves, blue 25% of gov debt divided by ounces of gold in reserves, i.e. gold reserve became 25% of gov debt in 1980, expect this to happen again when a debt spiral occurs.

>>56530720
ok "rich man" you keep your assets inside the debt ridden system and simply believe we can rise above it all because we're 'modern'.
I'll do my thing.