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Backing the US Dollar with Silver: Is it Possible Today?
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<p>[QUOTE="halfcent1793, post: 4416097, member: 86853"]Good discussion of why the notion of gold or silver standards is stupid in this day and age. Gold and silver are commodities, just like pork bellies or soybeans. They are worth only what someone else will pay for them. They haven't been "money" for a long time.</p><p><br /></p><p>I once suggested in print that the US back its currency with belly fat. That way, we'd be the richest nation in the world. </p><p><br /></p><p>(for the benefit of the irony-challenged, that was an attempt at humor)[/QUOTE]</p><p><br /></p>
[QUOTE="halfcent1793, post: 4416097, member: 86853"]Good discussion of why the notion of gold or silver standards is stupid in this day and age. Gold and silver are commodities, just like pork bellies or soybeans. They are worth only what someone else will pay for them. They haven't been "money" for a long time. I once suggested in print that the US back its currency with belly fat. That way, we'd be the richest nation in the world. (for the benefit of the irony-challenged, that was an attempt at humor)[/QUOTE]
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Backing the US Dollar with Silver: Is it Possible Today?
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