Cable Forum - View Single Post - Sterling At Risk Of “Large-Scale Devaluation”

19-02-2013, 19:52

So what is our currency valued on .In the past it was gold ,we had a vault full gold and currency to match that gold so a pound note was x amount of gold .How does it work now ?

19-02-2013, 19:52	#26
martyh Guest Location: newcastle upon tyne Services: Sky Q silver bundle Sky Q 2TB box Sky Q mini box Sky fibre unlimited Sky Talk evenings and week Posts: n/a	Re: Sterling At Risk Of “Large-Scale Devaluation” So what is our currency valued on .In the past it was gold ,we had a vault full gold and currency to match that gold so a pound note was x amount of gold .How does it work now ?