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<p>[QUOTE=&quot;julius, post: 1470094, member: 38622&quot;]Well for one a gold standard would be a solid currency issued by Congress not by a privately owned foreign bank. Any new gold back currency could be issued without debt. So any &#039;debt&#039; that anyone went into wouldn&#039;t be in the form of inflation but in traditional debt vehicles like bonds, etc. Artificial devaluation of the gold back currency wouldn&#039;t be so easy.</p><p><br /></p><p>On a separate note I did see some guy on fox say that they could simply add a zero to the value of and ounce, for instance, and this would account for the worlds GDP. In 5th grade math terms (simplified) 60 trillion in world GDP, 6 trillion USD worth of gold exists, add zero and now 60 trillion dollars of gold exists. Logistically it seems possible but a gold standard decentralizes power, which is in the hands of a central bank who runs the currency. Since the same people run the government, I don&#039;t see them ceding control back to &#039;the people&#039; over their wealth. </p><p><br /></p><p>I see gold as only a store of wealth against inflation. A gold standard won&#039;t happen, not out of their own volition anyway. The currencies of the world seem over leveraged; we saw it in the housing bubble and now looks like corporate bonds. By my standard the system in place is not sustainable, but economics is esoteric when its run by manipulation.[/QUOTE]</p><p><br /></p>

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