On Tue, Apr 19, 2016 at 2:32 PM, juan <[1]juan.g71@gmail.com> wrote:

     On Tue, 19 Apr 2016 03:47:38 +0000
     Zenaan Harkness <[2]zen@freedbms.net> wrote:
     > There appears to be a multi country effort to (re)build gold
     backed
     > currencies, and there's every chance they will succeed, certainly
     even
     > in the face of crypto currencies - the robustness and security
     levels
     > of current computing facilities means hoarding physical gold is
     likely
     > seen by most, and certainly by nations, as more secure and
     acceptable
     > to the public psyche
             It seems very very unlikely that any government will setup a
             mechanism that destroys one their fundamental means to loot
             their subjects : paper money and inflation.
             Rather, what we are seeing is a move towards a fully
             'electronic' system in which we won't be able to buy half a
             potato without being taxed by the world government.

   What Juan said (minus the Satoshi nonsense). ZeroHedge are notorious
   gold bugs. There's no freakin' way China is going to give up its
   ability to manipulate exchange rates to promote whatever level of
   exports its central planners think its businesses need. They are
   acquiring gold only in order to diversify their reserves away from
   dollars, to reduce their dependency on the United States in case the
   shit hits the fan in the Pacific. Making the RMB "gold-backed" would
   mean letting people exchange it for the government's gold, exactly
   counter to their goals.

             And funnily enough, we can thank 'satoshi nakamoto' for
     making
             this (disaster) happen sooner than later.

References

   1. mailto:juan.g71@gmail.com
   2. mailto:zen@freedbms.net