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<p>[QUOTE=&quot;Cloudsweeper99, post: 1110929, member: 3011&quot;]I would disagree with just about everything written above.&nbsp; It is factually incorrect.&nbsp; The amount of gold mined annually is about 2% of the total stock, so even a fairly large fluctuation in annual production has virtually no impact on the economy.&nbsp; There isn&#039;t going to be any rioting, just as there was no rioting over the past 5 years as the housing market went into a depression.&nbsp; The late 19th and early 20th centuries were marked by a series of &quot;panics&quot; led by the international bankers struggling to get the US off of the gold standard and damage the business of the banks in the western US in favor of dominance by the New York establishment.&nbsp; The remarkable thing about these engineered panics is that the lasted far shorter than the recessions in our scientifically managed economy.&nbsp; There is a tremendous amount of disinformation about how the gold standard operated.&nbsp; Most people think they know, but probably 99 out of 100 are wrong.&nbsp; It&#039;s an interesting study and some of the writings of Dr. Antal Fekete are a good place to start.&nbsp; Both the Keynesian and Austrian schools have it wrong, possibly by design.&nbsp; Just about any good economic text will explain why gold is preferable to using fish, cotton or other commodities as money.&nbsp; </p><p><br /></p><p>Don&#039;t take my word for it.&nbsp; Research it yourself.&nbsp; Dr. Fekete is a good place to start since he is one of the only people I know that has spent considerable time investigating the history of the gold standard and how it actually worked in practice instead of pontificating about the theory.[/QUOTE]</p><p><br /></p>

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