Date registered: Dec 2005
Vehicle: 1993 300SEL (Sold) 2001 530i (Sold) 2008 C250
Location: Auckland, New Zealand
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Ok look. There is no country in the world that uses the gold stardard the last country was the USA and Nixon ended it. The only reason countries keep stocks of gold is that it has wait for it a monetry value. Therefore they could trade gold for stuff if they needed it. THis isbased on the supply adn demand of gold. If has no effect on currency prices.