The gold standard is coming

[Dissent]

The Gold Standard Is Coming - Forbes

Bout time...

 

[Dont Taz Me Bro]

We aren't going back to the gold standard

 

[Dissent]

....OK.....we shall see..

 

[mamooth]

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?

 

[Dissent]

More of it.

 

[Kevin_Kennedy]

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?

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

 

[Kevin_Kennedy]

More of it.

The amount is irrelevant.

 

[jillian]

The Gold Standard Is Coming - Forbes

Bout time...

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.

 

[jillian]

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?

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

how do you pay for something in gold over the internet?

 

[Lakhota]

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

Turning Lead into Gold

 

[beretta304]

Chapter 4: Pros and Cons of the Gold Standard

 

[Dissent]

Yeah it would be horrible. Then the fed couldn't just print money out of thin air with nothing to back it with...they would only have so much money to put in circulation...no money to print out of thin air...poof goes the war state and the over spending.

 

[Oddball]

The Gold Standard Is Coming - Forbes

Bout time...

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.

Then prices adjust to meet the supply....Econ 101.

 

[Oddball]

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?

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

how do you pay for something in gold over the internet?

The same way you do now: Credit....DUUUH!

 

[Toro]

I doubt it's coming back but the probability isn't zero.

 

[Oddball]

I doubt it's coming back but the probability isn't zero.

The inevitable collapse of the USD will bring it back as a matter of course....People will need to trade something of real value.

Either that or people currently holding "junk" silver and gold coin for trade will be declared criminals.

 

[bripat9643]

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?

Gold exists in sufficient quantities. It's durable, easily divisible and widely accepted. Platinum and Palladium are too rare to be used as money. Copper, aluminum and pork bellies are all perishable. Over the centuries gold has been tried and tested and been found to be the ideal medium of exchange.

 

[Kevin_Kennedy]

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?

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

how do you pay for something in gold over the internet?

How do you pay for something in cash over the internet?

 

[bripat9643]

The Gold Standard Is Coming - Forbes

Bout time...

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.

The deflation is very gradual. It worked well for 150 years.

 

[bripat9643]

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?

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

how do you pay for something in gold over the internet?

There was a company that allowed you to do that, but the feds shut it down and put the owner in prison.