noob question:
why they didnt made the Pound GOLDBASED before Brexit?
Because no one actually thought of what would happen after a brexit. Even leave didn't think that 52% of the UK was borderline retarded.
>>1340324
Because as people lost confidence in the pound, they'd redeem it for gold. The Bank of England would quickly run out of gold.
Then they're fucked.
Remember when Nixon took the US off the gold standard because the money printing for 'nam made Fort Knox run out of gold? It's like that.
>>1340334
>even leave didnt think that 52% of the uk was borderline retarded
most of them thought remain would win though?
>>1340852
Even Nigel thought it, he gambled with getting greater benefits from the EU in terms of contracts and policy measures, not that the retards would actually vote for exiting it entirely.
Literally retarded as fuck, not even burgers are so fucking stupid to fuck their own country up.
>"What is the EU?"
Please don't /biz/ I'm a britbong.
Day one I insulted so leavefags showing how they tanked the pound and they said it would bonce back now it's down even more.
I would not be shocked if by next week the fucking dollar is worth more.
>>1341067
>What's it like being retarded?
it's speaking english as your first language
>>1341073
Don't worry mate. Now that the Welsh can produce steel again there will be jobs for everyone and the pound will skyrocket.
>>1340335
>The Bank of England would quickly run out of gold.
Isn't the point of a gold-based currency that there's always only as much bills in circulation as there is gold backing it up?
>>1341073
We're fucked m8, I'm already looking at plans to leave and turn all my assets into anything but gbp
>>1340324
The gold standard is incompatible with a global economy, there's no way to make it work nowadays.
>>1341098
How would they go about acquiring trillions in gold? There's probably orders of magnitude more wealth in the British economy than there is gold worldwide.
Anyway, goldbugs are retarded, don't take them seriously.
>>1341110
buy high sell low
