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<p>[QUOTE=&quot;Morgan1878, post: 785904, member: 17869&quot;]The biggest problem with a gold standard is that there isn&#039;t enough gold existing above ground to make it feasible as an alternative standard.. All of the gold existing in the world would fill two olympic size swimming pools (50 meters long x 25 meters wide x 2 meters deep). </p><p><br /></p><p>In spite of the gold bug&#039;s love of the stuff, the world has advanced in the last 5000 years and all of the technology, bioscience, and affordable produced goods that&#039;s come online since B.C. also have intrinsic value...and usefulness. </p><p><br /></p><p>Currently, 5% of my retirement portfolio is in precious metals. If I believed in any number of doomsday scenarios (collapsing dollar, government confiscating gold and/or guns, eventual Chinese domination) I would allocate a greater percentage to PM&#039;s. </p><p><br /></p><p>But since I don&#039;t think the future is going to be run by extremists, I&#039;ll stick with 5% unless events and human behavior tell me otherwise.[/QUOTE]</p><p><br /></p>

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