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<p>[QUOTE=&quot;Cloudsweeper99, post: 89288, member: 3011&quot;]crazy larry,</p><p><br /></p><p>The thing to keep in mind is that once one country goes on the gold standard, any other country that wishes to buy anything in that market must first &#039;purchase&#039; that country&#039;s currency.&nbsp; If the US was on a gold standard, another country would first have to purchase dollars, and pay in gold to obtain a gold dollar.&nbsp; So the gold flows TO the country on the gold standard, not out of it.&nbsp; It becomes less likely that a country on the gold standard will accept another nation&#039;s &quot;script&quot; currency because of the lack of quality.&nbsp; If what you suggested was true, then when Germany went off the gold standard after World War I, they would have absorbed gold from other nations still on the gold standard, but the opposite occurred and the German currency was destroyed.&nbsp; This is why the IMF currently outlaws gold backed currency for any of its member nations.&nbsp; The first nation to return to the gold standard will expose the weakness and fundamental flaws in the other currencies.&nbsp; Gresham&#039;s Law will go into effect and everyone will want to obtain the gold currency and pass on the fiat currencies, sort of like getting rid of the Old Maid.&nbsp; It&#039;s interesting stuff.[/QUOTE]</p><p><br /></p>

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