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<p>[QUOTE=&quot;Cloudsweeper99, post: 786192, member: 3011&quot;]A couple of points need to be added.&nbsp; First, there isn&#039;t enough gold AT CURRENT PRICES.&nbsp; If the price was much higher, there would be enough gold.&nbsp; Second, under the old gold standard, silver [and copper and nickel] was the principal form of circulating currency.&nbsp; Gold was held primarily by governments and banks as reserves.&nbsp; I asked my grandfather whether he turned in any gold coins when Roosevelt confiscated them.&nbsp; He told me he never owned any gold in his life, yet he worked and lived during the time of the gold standard.&nbsp; It isn&#039;t what most people think because they imagine all of this gold circulating around when this was not the case.[/QUOTE]</p><p><br /></p>

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