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<p>[QUOTE=&quot;Hobo, post: 547545, member: 11521&quot;]Not a chance. </p><p>&nbsp;</p><p>Let&#039;s do a little math. The &quot;gold standard dollar&quot; = 0.002 ounce gold. </p><p>Said another way:</p><p>&nbsp;</p><p>1 ounce gold = $500 (gold standard dollars) </p><p>&nbsp;</p><p>With gold at around $1,000 (in today&#039;s dollars) that means the &quot;gold standard dollar&quot; would be worth:</p><p>&nbsp;</p><p>$1,000 X 0.002 = $2 (or double its current value). That is good when we buy imports or we travel abroad (or dollar goes twice as far) but it is very bad when we try to sell exports or attract foreign travellers (who can only buy half as much with their money). </p><p>&nbsp;</p><p>What happens if gold drops to $250? The value of the dollar would drop to half its value at $500 gold. Again, it affect imports and exports. </p><p>&nbsp;</p><p>Ain&#039;t gonna happen. I don&#039;t think any country will ever again have a gold-based currency. Gold is too volatile these days to base one&#039;s currency on it.[/QUOTE]</p><p><br /></p>

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