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  • LFG$$ = £ = gold.

    Although the stirling gold link is now broken - the LFG$$ would follow the same system.

    So when it comes to settling up the LFG$$ can be exchanged for stirling.

    So we're pegging the LFG$$ to the GBP, which is ofcourse the sensible thing to do. But it somehow lacks ambition. I think securitizing NJS components would be more fun.

    The gold standard for sterling was broken almost a century ago. GBP is fiat money - it has value because the government says so, we believe them, and the economy has some strength.

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