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What would happen if the world returned to the gold standard?
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<p>[QUOTE="panzerman, post: 25264671, member: 77704"]I would never trust a banker/ they want the public to own paper currency/ which is a valuable as the paper content. In the days of real money copper/ silver/ gold/ Nations had to keep their spending in check/ so they could not go into debt like US 31T and coounting/ hence high inflation, or they could steal another nations gold/ silver (Spain) plundered by English/ British navy/ privateers. Proof is this/ US minted Double eagles 1850-1933/ each coin was valued at $20 contained oz. of gold. Now it takes $2200 to have oz. of gold. I would not be surprised if Trump will put US back on gold standard/ he was talking about it in his first term. It would be bad for me, since gold would go up to 60K an oz. so I could not afford more AV coins<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> My collection would stagnate at 1300 AV coins, which is no fun.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie67" alt=":nailbiting:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 25264671, member: 77704"]I would never trust a banker/ they want the public to own paper currency/ which is a valuable as the paper content. In the days of real money copper/ silver/ gold/ Nations had to keep their spending in check/ so they could not go into debt like US 31T and coounting/ hence high inflation, or they could steal another nations gold/ silver (Spain) plundered by English/ British navy/ privateers. Proof is this/ US minted Double eagles 1850-1933/ each coin was valued at $20 contained oz. of gold. Now it takes $2200 to have oz. of gold. I would not be surprised if Trump will put US back on gold standard/ he was talking about it in his first term. It would be bad for me, since gold would go up to 60K an oz. so I could not afford more AV coins:( My collection would stagnate at 1300 AV coins, which is no fun.:nailbiting:[/QUOTE]
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