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James Surowiecki - The world's central banks and the...
The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real. (James Surowiecki)

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

James Surowiecki

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bullion central full fund gold hold international kind longer magic money people real symbol way banks reassuring

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