[e-gold-list] Re: Gold-backed Digital Currency

[Julian Morrison]

"C. Cormier - Ormetal Inc." wrote:
> 
> Thus the gold price would have to rise to roughly $5500 per ounce
> ($25/1.26 * $275)  for each unit of fiat currency to be 100% backed
> by gold.

Demand draws supply - if gold got that valuable, sources would be found,
and the supply would reinflate.

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