I think the private sector in particular would be very interested in accumulating gold, but I don't know if to what extent Scott Besant runs through all of these scenarios, but in a world ex-China, what could it be apart from? The dollar, and the dollar gets shored up. I am sitting in my study looking at my walls here at the decline of Sterling by Catherine Schenck, and I think it's a must read for anybody. It's not everybody's cup of tea, because it's, my wife would say, dense. I like dense, but anyway, our problems with being the reserve currency as well, it's not all an exorbitant privilege in this world of capital repatriation. It became a bit of a burden for the United Kingdom to be the legacy reserve currency. At the end of the war, it was actually bigger than the United States dollar. Maybe we could talk about that as well, but I would say bottom line in terms of that experience for the United Kingdom is that we couldn't allow capital flow out of the country. I think if I was (31/99)
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