John Reade
speaker
553 appearances
2 recordings
1 series
first heard Oct 2024
last heard 10 Oct
John Reade’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
It's difficult to spend them.
So if you end up with a balance of renimbi or rupee or Brazilian Reez, where do you spend it?
So
One of the things I always think about when someone's talking about using gold to back a currency, or indeed anything else to back a currency, it's not a sign of strength.
It's usually a sign of weakness.
Now in this case, I think it's because the
Brick.
nations don't really want each other's currencies and they don't really trust each other.
So having a common currency which they could trade with each other where the balances could be settled in gold might make a lot of sense.
Because in a way, if you've if you've got a a stash of gold in a secure, trusted location, um, you know, that provides trust to these flows and these currencies.
Balances.
China's a big exporter and importer.
So if you think about currency uh commodity imports, you think about uh manufactured good exports, that's a big number.
Um but it's you're right, it's not the same size as uh as the entire currency in circulation.
So is the is the
So is the
No, I personally don't.
Uh I I mean one of the th there's a lot of issues that behind this that you'd have to settle first is and one of which is where would you store the gold in a neutral location?
The centre of the gold market is is London and to a certain extent other countries in Europe.
You wouldn't p want to put it there.
Showing 421–440 of 553 · page 22 of 28
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