Governments simply cant help themselves when it comes to messing with money, but lets see what the implementation looks like, after all, Zimbabwe launched a gold-backed currency (ZiG) and from what i understand, it failed.

 

stack_harder

econ

Is China quietly rebuilding the global financial system around gold?

At least, we are seeing the global dollar reserve system unravel.

We've already seen how gold standards degenerate into fiat, so that will probably just happen again with this new currency block.