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

**Damien** · 19-02-2013, 20:10

I don't think the pound is backed by gold and hasn't been for a long time. This wasn't related to Brown selling the Gold either. I believe it's, like the US Dollar, a Fiat currency which basically means it's backed by Italian cars.

19-02-2013, 20:10	#28
Damien Remoaner Cable Forum Mod Join Date: Mar 2004 Posts: 32,928	Re: Sterling At Risk Of “Large-Scale Devaluation” I don't think the pound is backed by gold and hasn't been for a long time. This wasn't related to Brown selling the Gold either. I believe it's, like the US Dollar, a Fiat currency which basically means it's backed by Italian cars.