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Why Gold-Backed Currencies Help Prevent Wars
By Ferdinand Lips - October 14, 2002
The context I will start my talk with an allegation. You have gathered here for a specific reason. You have come be­cause the gold standard was given up in 1914 at the beginning of World War I.
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USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.

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