Is it possible to go back to the "GOLD Standard"? - GoFuckYourself.com

keysync · 08-24-2012, 12:16 PM

I don't know if it's even possible.
I've read there's not enough gold in the world....
I've read it's supply and demand.
If the US was to base it's currency on gold it would raise the cost of gold to astronomical prices (whatever that is exactly)

So. Porn Webmasters.... What you think?

DamageX · 08-24-2012, 12:38 PM

I think you're too stupid to be debating this to begin with. Sorry if you can't handle the truth.

Choopa Phil · 08-24-2012, 12:41 PM

I live by the gold standard.

seeandsee · 08-24-2012, 12:45 PM

Quote:

Originally Posted by Choopa Phil

I live by the gold standard.

Is this protein ? I think i used this exact brand few yrs ago

DWB · 08-24-2012, 12:50 PM

None of us really know. We only know what we are told in the media, which could be a total sack of lies to perpetuate their fiat currency nonsense.

That said, if it is true that there is not enough gold, I'm sure a mix of commodities would be fine to back a new currency.

mayabong · 08-24-2012, 01:01 PM

I think we should tie everything to bitcoins. :p

u-Bob · 08-24-2012, 01:05 PM

Yes. Abolish legal tender laws and.... sit back.

Sunny Day · 08-24-2012, 02:17 PM

Quote:

Originally Posted by JohnnyClips

The government should not have a monopoly on currency. That makes it anything BUT a free market. In a free market, there would be competing currencies just like there are competing cell phone carriers

Many communities have create your own. You are free to create your own currency, even put your own picture on it. HOWEVER, EVERYONE ELSE IS FREE NOT TO ACCEPT IT!

These barter currencies are like the game Hot Potato. Seems they always fail and the last one holding is stuck.

Markul · 08-24-2012, 02:23 PM

How can there not be enough gold? Isn't the purpose of gold that its rare to begin with? Lol

VenusBlogger · 08-24-2012, 02:25 PM

Quote:

Originally Posted by Choopa Phil

I live by the gold standard.

Two questons:

Do you also teake STEROIDS?

Do you like women who work out and have muscles?

mromro · 08-24-2012, 06:34 PM

Yes, It is possible to go back to the gold standard. In fact I heard china is going to do it. If they do, Then the dollar is definately done. Maybe that is why you here talk about it now.

There is enough gold to do it. If there was one ounce of gold in the whole world you would still be able to back your currencies by it. You would just fraction it down to a very small amount.

Serge Litehead · 08-24-2012, 06:51 PM

in this day and age it doesn't make much sense going back to gold standard , even if it was possible, it would just repeat the history and we would end up back where we are today

Sunny Day · 08-24-2012, 07:47 PM

Quote:

Originally Posted by holograph

in this day and age it doesn't make much sense going back to gold standard , even if it was possible, it would just repeat the history and we would end up back where we are today

If we were dumb enough to do that, gold would currently be $4206.53. But the price of gold is constantly changing, so governments have to fix a price to create currency stability. That's where the 2 problems come in. Like when Nixon went off the gold standard. it was Americans were spending tons of dollars in Europe and France was demanding gold for dollars. China would do that to us now. Other problems, where the US & UK had fixed rates, many counties like India, that really didn't back their currency and the Rupee was always being devalued. But India had a free market in gold. So gold was $150 an ounce in India while worth $35 an ounce in the US & UK. However the UK economy was so bad, they had to do devaluations due to having to pay France their gold.
Now when gold is $35 in the UK & US what happens? Smuggling. Watch the movie Goldfinger. That's what he was doing.

Barry-xlovecam · 08-24-2012, 07:48 PM

There are other ways to measure wealth besides gold. That being said, the objective is to place limits on the available money supply -- why is limiting the money supply necessarily good?

The population increases but the supply of precious metals does not increase at the same rate. The result might be good for the money holder but for the increasing population?

Freaky_Akula · 08-24-2012, 07:49 PM

Qaddafi wanted to introduce a gold backed currency. NATO quickly got rid of him. We will never see a gold standard unless the current political elite first falls down from the ivory tower.

Wizzo · 08-24-2012, 08:01 PM

Quote:

Originally Posted by mromro

In fact I heard china is going to do it.

Where did you hear that, I'm guessing nowhere...going back to the gold standard is so retarded its not even debatable amongst grownups..

08-24-2012, 12:16 PM	#1
keysync Living the Dream Industry Role: Join Date: Sep 2011 Location: Murica Posts: 2,376	Is it possible to go back to the "GOLD Standard"? I don't know if it's even possible. I've read there's not enough gold in the world.... I've read it's supply and demand. If the US was to base it's currency on gold it would raise the cost of gold to astronomical prices (whatever that is exactly) So. Porn Webmasters.... What you think? __________________

08-24-2012, 12:38 PM	#2
DamageX Marketing & Strategy Industry Role: Join Date: Jun 2001 Location: Former nomad Posts: 14,293	I think you're too stupid to be debating this to begin with. Sorry if you can't handle the truth. __________________ Whitehat is for chumps If you don't do it, somebody else will - true story!

08-24-2012, 12:41 PM	#3
Choopa Phil Confirmed User Join Date: Apr 2009 Posts: 3,965	I live by the gold standard. __________________ AIM - Choopa Phil Email - [email protected] A World Wide Leader In Hosting! * CHOOPA.COM *

08-24-2012, 01:01 PM	#6
mayabong Confirmed User Join Date: Jan 2010 Posts: 1,952	I think we should tie everything to bitcoins. :p __________________ Bitcoin Gambling Sites

08-24-2012, 06:51 PM	#12
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	in this day and age it doesn't make much sense going back to gold standard , even if it was possible, it would just repeat the history and we would end up back where we are today __________________ SilverCrocodile.com Adult web design since '05

08-24-2012, 12:50 PM	#5
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	None of us really know. We only know what we are told in the media, which could be a total sack of lies to perpetuate their fiat currency nonsense. That said, if it is true that there is not enough gold, I'm sure a mix of commodities would be fine to back a new currency.

08-24-2012, 01:05 PM	#7
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	Yes. Abolish legal tender laws and.... sit back.

08-24-2012, 02:23 PM	#9
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,402	How can there not be enough gold? Isn't the purpose of gold that its rare to begin with? Lol

08-24-2012, 06:34 PM	#11
mromro So Fucking Banned Industry Role: Join Date: Jan 2011 Posts: 770	Yes, It is possible to go back to the gold standard. In fact I heard china is going to do it. If they do, Then the dollar is definately done. Maybe that is why you here talk about it now. There is enough gold to do it. If there was one ounce of gold in the whole world you would still be able to back your currencies by it. You would just fraction it down to a very small amount.

08-24-2012, 07:48 PM	#14
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	There are other ways to measure wealth besides gold. That being said, the objective is to place limits on the available money supply -- why is limiting the money supply necessarily good? The population increases but the supply of precious metals does not increase at the same rate. The result might be good for the money holder but for the increasing population?

08-24-2012, 07:49 PM	#15
Freaky_Akula Confirmed User Join Date: Oct 2005 Posts: 3,670	Qaddafi wanted to introduce a gold backed currency. NATO quickly got rid of him. We will never see a gold standard unless the current political elite first falls down from the ivory tower. __________________