The gold standard is coming

Discussion in 'Politics' started by Dissent, Sep 8, 2012.

  1. Dissent
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    Dissent BANNED

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  2. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    We aren't going back to the gold standard
     
  3. Dissent
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    ....OK.....we shall see..
     
  4. mamooth
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    mamooth Gold Member Supporting Member

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    Why not a platinum standard, palladium standard, silver standard, copper standard, aluminum standard, pork bellies standard, or a standard based on any other commodity? What's so special about the commodity we call gold that sets it apart from other commodities?
     
  5. Dissent
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    More of it.
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    No reason, other than the fact that the market has historically turned to gold and silver to act as a medium of exchange.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The amount is irrelevant.
     
  8. jillian
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    jillian Princess Supporting Member

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    no. it isn't.

    the gold standard is deflationary because gold is a finite resource.

    normal people know this.

    notwithstanding an opinion piece from peter shiff.
     
  9. jillian
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    jillian Princess Supporting Member

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    how do you pay for something in gold over the internet?
     
  10. Lakhota
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    Lakhota Diamond Member

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    Going back to the gold standard is NOT a good idea for several reasons. Here's one...

    Turning Lead into Gold
     

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