[ClearCase_guy]

Keynesians see the world differently than the rest of us.

[null and void]

We confine them to ivory towers for a reason.

[MichaelCorleone]

Maybe the gold standard’s the way to go or maybe it’s not. But this fiat thing sure ain’t working.

[Choose Ye This Day]

“Lunaticks and Hacks”...pretty well sums up the average Ron Paul aficionado.

[Wisconsinlady]

Well, then, I am a lunatic and hack.

[Jim Noble]

A gold standard prevents authorities from stimulating the economy when needed

That's the general idea, yes...

[ctdonath2]

I appreciate the concept of a gold, or similar, standard.

Two problems I haven’t seen addressed:
- there isn’t enough of the stuff. Too many people would lose too much value to tolerate the switch.
- rate of gold supply increase does not match general wealth creation rate. Inflation or deflation ensues as GDP increases.

[OneLoyalAmerican]

GOLDBUG ping

[OneLoyalAmerican]

GOLDBUG ping

[PGR88]

calling the gold bugs who support a return to the gold standard a "bunch of lunatics and hacks."

Well then, just keep having Gov'ts borrow and spend on their cronies and social engineering projects. And then when it looks like they may default, have their Central Banks print money.

Because that's working out so well all around the world....

[Praxeologue]

A return to the gold standard would be the death knell of the dismal science of economics. We could read von Mises' Human Action and get back to our businesses.

Therefore, Keynesian "economists", the demand stimulators, fear the gold standard.

First they ignore you ... we're making progress.

[Secret Agent Man]

You mean like all the central banks and major investment companies buying gold as fast as they can?

[The Duke]

Roubini - that sly dog! He must be a silver bug!

[liberty or death]

It’s hard to peg anything to gold with all the hype. A warehouse full of food,soap,salt, scotch and vodka will be as valuable as gold. Hard goods. What does someone have to have, need or want? They have the gold and you have the goods. Gold then becomes as valuable as what your willing to pay to feed your family or get drunk. It’s all relative to the desires of individuals and there situation.

[KarlInOhio]

A gold standard prevents authorities from stimulating the economy when needed.

When needed, when not needed, when it is counterproductive, when elections are near, when friends in the banks just need a boost, when they just put all their money in gold and need to make a profit, when the day ends in "Y",

[cynwoody]

"One of the major causes of the Great Depression was the existence of the gold standard," Roubini says.

By limiting the amount of money authorities can put into circulation, authorities render themselves powerless to act as a lender of last resort when needed.

Yet another Keynesian moron.

Stepping on the currency is not what you do to promote prosperity. Stepping on is what crooked drug dealers do.

[Razzz42]

Gold, paper (fiat), seashells, doesn’t matter what is being used as they are doomed to failure as governments always eventually end up debasing their medium of exchange. Usually due to greed leading to corruption and wars.

Wouldn’t need a gold standard if governments could control their spending which would inspire confidence instead of a lack of trust.

This banking system was doomed to fail anyway using compounding interest it mathematically couldn’t work from the beginning but they knew that at the time and only projected out about a 100 years.

The other main flaw was thinking they could smooth out or prevent business cycles from occurring.

[Silver Sabre]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[Travis McGee]

bttt

[bert]

Last week I was wondering what is going to happen? I drug up the Kittco chart above and with my dividers, drew some new Y axis lines to the right extending the X axis in to 2012. I wanted to predict when gold will reach $2,000.

It looks like the 5 year trend line extended into next year will cross the mark about July 2012. The trend line can be easily drawn with a straight edge and ignores the recent hump that is apparent anomaly.

So, there you have it Gold $2,000 per ounce the end of July

Further if you make a rough calculation of the trend line curve, the slope is increasing at roughly the rate of about 22% per year. Some one can check me out. that seems high