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<p>[QUOTE=&quot;medoraman, post: 1184987, member: 26302&quot;]Yes, I know all of that, but generically gold was illegal for people to use as a hedge to currency. What if that happened again? WHY would the treasury want free floating gold prices? The answer is they wouldn&#039;t. I see no way to have a US gold standard without going back to banning private ownership of bars and bullion, and the government having an accounting value to gold in its vaults. Anything else would be suicidal to base a currency on. </p><p><br /></p><p>People also forget that most civilizations gold was the perogative of the King, and he alone could own gold bullion. They did this to set a value on gold and have control of the currency. In history, gold coinage was not a panacea of the masses, it was still controlled within that country. &quot;The good-old days&quot; weren&#039;t as good as many here think they were.[/QUOTE]</p><p><br /></p>

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