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To: Blood of Tyrants
There isn’t enough gold in the world to back what the US alone has in cash floating around.

What an idiotic thing to write. The free-market clearing price for gold is $1,876 per ounce. Yes, that indicates massive inflation since we left the gold standard and gold was $32 /oz. But there's a price for everything. There is a price for gold that would make the gold standard work again. Seemingly, though, there isn't the political will to keep that price stable. That's why the gold standard is a non-starter in today's environment.

37 posted on 08/21/2011 4:26:41 PM PDT by SSS Two
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To: SSS Two

If you want to hyperinflate the dollar, yes there will be enough.


47 posted on 08/21/2011 4:54:28 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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