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<p>[QUOTE=&quot;Cloudsweeper99, post: 1179913, member: 3011&quot;]I don&#039;t expect gold to be money again in my lifetime [although I believe it could work], but it could play a major role as a reserve behind currencies.&nbsp; So will will never see a gold standard in the sense that gold coins circulate as the only form of money, as some purists demand.&nbsp; But we may see currencies backed by a fairly significant percentage of gold to control the expansion of the money supply. </p><p><br /></p><p>Foreign countries can do nothing to damage the system because the stock of gold is too large in relation to gold production.&nbsp; If world gold production doubled, it wouldn&#039;t make a dent in the value of gold if it was used as a reserve.&nbsp; And the cartel idea won&#039;t work because the gold that the US holds is not consumed and does not have to be replaced.</p><p><br /></p><p>But the larger problem is that the current system requires fiat currency to be backed with Treasury debt or some other asset.&nbsp; If all or part of the currency was issed in the form of the old US Notes, it could have a significant impact on decreasing the national debt.[/QUOTE]</p><p><br /></p>

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