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U.S. Going Back to Gold Standard? Dollar Bill Act of 2009
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<p>[QUOTE="cncman, post: 547829, member: 17256"]Utterly ridiculous, there will never be enough gold to cover the float, as the dollar rises they will have to sell dollars to lower the value and as gold rises they will have to sell gold to lower its value. Then you have to get all of the foreign countries to match that with their currencies or you will have an exchange rate that would be completely outmatched that would likely drain liquidity from our currency.[/QUOTE]</p><p><br /></p>
[QUOTE="cncman, post: 547829, member: 17256"]Utterly ridiculous, there will never be enough gold to cover the float, as the dollar rises they will have to sell dollars to lower the value and as gold rises they will have to sell gold to lower its value. Then you have to get all of the foreign countries to match that with their currencies or you will have an exchange rate that would be completely outmatched that would likely drain liquidity from our currency.[/QUOTE]
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