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<p>[QUOTE=&quot;medoraman, post: 1184207, member: 26302&quot;]It all boils down to the price of gold. People overlook this when they ask to be put back on the gold standard. If the US and other countries did that, they wouldn&#039;t want volatility in their &quot;standard&quot;, so I could see them banning the ownership of gold, and then fixing the price at say $1000 an ounce. Then they could rely on the stability of their stockpile.</p><p><br /></p><p>Be careful what you wish for, I could see this scenario much more likely than a gold standard with free floating gold values. It was not that long ago that gold was illegal to own in the US.</p><p><br /></p><p>If a standard was put in place OP, there is no way of knowing what would happen to the value of your purchase. I would think you have a better chance on profiting on that purchase without a gold standard than with.[/QUOTE]</p><p><br /></p>

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