Comment: Ha ha ha!

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Michael Nystrom's picture

Ha ha ha!

It's amazing. Everybody with a critical thinking brain knows they're backed by nothing but we all still want them.

Beyond that, there are (at least) two things you need dollars for:

1. To pay your taxes,
2. To pay your mortgage.

Neither the US G-men, nor the bank holding your mortgage, take gold. Even if you wanted to pay them in gold, they wouldn't take it.

There is a huge built-in demand for gold.

(Not to mention the whole petro-dollar scam)

The only way to make sense out of change is to plunge into it, move with it, and join the dance.
- Alan Watts