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<p>[QUOTE=&quot;C Jay, post: 1754064, member: 13184&quot;]History has taught us that you can either have gold, or you can have a gold standard.&nbsp; You can not have both.&nbsp; The banking crisis of 1932 resulted in a run on the exchange window which diminished the currency and resulted in the confiscation and limitation of gold held by US citizens.&nbsp; In 1971 the French demanded to exchange their dollars for gold which would have resulted in a crash of the dollar.&nbsp; It was at that point that the gold standard was abandoned.&nbsp; You can have a gold standard but you can not have an exchange window.&nbsp; The gold will need to be protected in order to back the dollar.&nbsp; There is also no guarantee that congress or the governing authority will not revalue gold in order to increase the money supply.&nbsp; In 1932 before the confiscation, the treasury was paying $20.00 per ounce for gold, in 1933 after the confiscation, they revalued gold at $32.00 an ounce and increased the money supply.[/QUOTE]</p><p><br /></p>

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