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Message:: [QUOTE="19Lyds, post: 2151191, member: 15929"]Yes. You are on to something here. With the minor exception that the "value" of gold would have to be governmentally regulated (as it was until 1974), illegal to own in bullion quantity except for government produced coinage (as it was until 1974) AND the rest of the world would have to go along with the plan. We are a Sovereign Nation but we have to survive in a "Global Economy". The reality of the situation is that gold and silver have had a "decreed" relational value of 15 1/2 to 1. The basis of that relationship is what formed "The Gold Standard" which coins of the past were minted to. A 90% gold coin had a government assigned face value of 1 ounce of gold. A 90% silver coin had a government assigned face value of 1  ounce of silver. The USA went off the "Gold Standard" and adopted the "Silver Standard" in 1934 and in 1964, completely abandoned the Silver Standard in favor of today's Federal Reserve currencies and Copper nickel coins. To implement a gold and silver "backed" monetary system, would require much, much more than the swipe of a pen since many manufacturing industries, both domestic and foreign, depend upon gold and silver. Regulating those industries would be disastrous from an economic standpoint (just look at Detroit when Auto Manufacturing stopped) because it was and is those very industries which dictated the increase in value for both of those commodities. Virtually EVERY discussion regarding the return to gold and silver as a monetary standard is deeply rooted in the desire of those supporting the discussion, to get rich off of their current holdings. From an economic standpoint, it just isn't going to happen regardless of how many times it gets kicked onto the table for discussion. Far too many people have deep holdings in both products for it to ever be successful.[/QUOTE]

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