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<p>[QUOTE="justafarmer, post: 1357037, member: 3926"]There has to be 1% to 1 1/2% annual inflation of the money supply just to maintain equilibrium. In 1800 the population of the United States was 5.3 million today it stands at 310 million. Just to maintain money supply on par at the 1900 level the US gold reserves would now have to be 4 times as large. And applying your exponential math to required US gold reserves just to maintain money supply at par would eventually require a gold reserve of infinity.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 1357037, member: 3926"]There has to be 1% to 1 1/2% annual inflation of the money supply just to maintain equilibrium. In 1800 the population of the United States was 5.3 million today it stands at 310 million. Just to maintain money supply on par at the 1900 level the US gold reserves would now have to be 4 times as large. And applying your exponential math to required US gold reserves just to maintain money supply at par would eventually require a gold reserve of infinity.[/QUOTE]
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