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<p>[QUOTE=&quot;johnmilton, post: 25366617, member: 101855&quot;]Going on the gold standard is impossible. Unless you are going to set the value at a million dollars and ounce or more, there is not enough of it to back the currency. This is all based on the commodity theory of money which invalid. If the value of a dollar is pegged at less than it official value in gold, people will redeem the dollars for gold. </p><p><br /></p><p>The gold standard didn&#039;t work all that well during its &quot;gold age,&quot; which was during the late Victorian era and early 1900s. All it did was limit that amount of money in circulation, but that may or may not be a good thing. If there is too little money for the economy, you will start a recession or depression.[/QUOTE]</p><p><br /></p>

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