1 vote

USA Today has feature in Money Section on The Gold Standard

A rather decent article.

Link: http://www.usatoday.com/money/markets/story/2012-04-23/retur...

It cites a shipping accident in 1857 of Cape Hatteras as a cause for an older bank run. I think today we might put effort into recovering lost shipments.



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they also claim the Federal Reserve is the Gov't

So the claim of 248 million ounces isn't really accurate.

They don't consider the velocity of money at all - how many times the same bill changes hands.

All sorts of mathematical difficulties with their argument that there isn't enough.

And I find it hard to believe that there is only $1 Trillion in circulation. A lot of that must sit around in stacks of 20's 50's and 100's.

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i love how they always say

i love how they always say "there's not enough gold". yeah, at today's prices! gold is extremely undervalued thanks to decades of interference from the fiat masters. there is no such thing as not enough gold, just too low a price.

robot999's picture

Righhhtttt

How can people fall this crap about "not enough gold"?? Um, it's just simple division.

"Government is the entertainment division of the military-industrial complex". - Frank Zappa