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?:thumbsup

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

http://www.factorysupplements.co.uk/...5lb-1293-p.jpg

I live by the gold standard.

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

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.

I think we should tie everything to bitcoins. :p

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

Create your own
 

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.

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

Two questons:

Do you also teake STEROIDS?

Do you like women who work out and have muscles?

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.

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

Agreed
 

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.

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.

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