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To: Rusty0604

If the goberment were to buy gold to back the dollar they would push the price of gold so high that they could not afford to buy gold. How would they pay for the gold? The world bank would be the ones that got rich off of the purchase. Greenspan would become a trillionaire.

11 posted on 06/27/2016 2:02:55 PM PDT by mountainlion (Live well for those that did not make it back.)

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To: mountainlion

Gold is money. The value of gold is valued in relation to other currencies.

19 posted on 06/27/2016 2:08:26 PM PDT by Rusty0604

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