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<p>[QUOTE=&quot;Cloudsweeper99, post: 1410581, member: 3011&quot;]It&#039;s a good question.&nbsp; Part of the answer is that the &quot;dollars&quot; in bank accounts and 401ks are not really dollars.&nbsp; They are investments in dollar denominated instruments.&nbsp; But you are correct that there isn&#039;t enough gold to cover every dollar -- and there doesn&#039;t need to be.&nbsp; You can find the writings of Antal Fekete on the internet.&nbsp; He explains how the gold standard operated prior to World War I and how circulating gold bills created a large enough wage pool to fund a high level of commerce and international trade.&nbsp; The answer lies in Adam Smith&#039;s real bills doctrine, which explains how a very small gold base can support large and complex economies.&nbsp; Happy reading.[/QUOTE]</p><p><br /></p>

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