Message:

<p>[QUOTE=&quot;InfleXion, post: 1622456, member: 29012&quot;]I suppose it&#039;s hard to say since it&#039;s just speculating at this point, but my line of thinking is that if any nation goes back to a gold standard they will immediately have the most sought after currency so any other currency that continues down the road of debasement would be undesirable where as today those currencies are still desirable because they are all playing the same game. I don&#039;t buy the argument that a stronger currency hurts exports. 10 dollars or 100 pesos, what&#039;s the difference? They both represent the same buying power. The only reason someone wouldn&#039;t want another nation&#039;s currency is if it was anticipated to grow weaker after being acquired. </p><p><br /></p><p>As for the fractional nature, I previously outlined why that is not feasible. A gold standard means actually having the gold to back up your currency, and so asking for the gold would not be an issue. It&#039;s just total currency divided by ounces of gold. Anything less is not a gold standard, it&#039;s a pseudo gold standard with an element of fiat. On a real gold standard there is no concern for someone exchanging their currency for the gold because it is backed properly. You give them the gold, they give you your currency back which you then have to destroy to maintain the ratio, or else buy more gold on the open market with it. The only need for revising the ratio would occur if money was printed without adding gold, or if money was destroyed without selling gold, but a gold standard can&#039;t work if those practices are allowed which is what we saw happen before in the US.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in