> Under gold-backed fractional reserve there is no requirement that there be eno...

		robocat 71 days ago \| parent \| context \| favorite \| on: Why does the U.S. always run a trade deficit? > Under gold-backed fractional reserve there is no requirement that there be enough gold to back all the notes in circulation promising gold What happens when foreign buyers want to withdraw gold and not hold "money" in an account? Internally, gold-backed fractional reserve sounds reasonable.