I'm talking manufacturing.
Gold is a commodity, but China pretty much sets the price, because as the largest producer they can influence the supply. Anybody thinking we should go back to the archaic gold standard should think long and hard about that.
"Half of our imports is oil. What, you want oil taxed and have the cost of gasoline double?"
No half of our imports in not oil. Silly expat. Oil is 17% of our total imports. You're back to practicing that bad math and this time you've confused total imports with trade deficits. But oil and petroleum products when you include exports as you should is only 26% of our total trade deficit.
Once again, you're trying to distract from the real issue by bringing oil, instead of manufactured goods.
** Although being self-reliant on energy would be a good thing and 17-26% is not peanuts, so it would be a definite improvement.
OK, half our trade deficit is oil. Question's still unanswered as to whether you want the price of gasoline to double. I can understand your avoiding the serious difficult disastrous consequences that you must know are there. I'll leave you to your avoidance.
Cheers.
Where do you see those numbers?