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<p>[QUOTE=&quot;InfleXion, post: 1613063, member: 29012&quot;]You can back any amount of dollars with any amount of gold. The functional aspect of a gold standard is derived from the fixed ratio of gold to dollars so that the money supply cannot be expanded without also adding more gold, and thus mandating a constant level of buying power no matter what - as long as the ratio is adhered to. It&#039;s true we don&#039;t have nearly enough gold to back the current amount of dollars at the current amount of buying power for each dollar, but if those dollars were devalued accordingly to meet the amount of gold we have then it is still doable.[/QUOTE]</p><p><br /></p>

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