To: SeekAndFind
There’s not enough gold to make this work. The total value of all the gold in the world is about $11 trillion, or less than half the annual gross domestic product in just the United States.
3 posted on
11/02/2022 9:35:41 AM PDT by
Alter Kaker
(Gravitation is a theory, not a fact. It should be approached with an open mind...)
To: Alter Kaker
There’s not enough gold to make this work. If so, what's "enough?"
Or just maybe - there's too many printed dollars?
9 posted on
11/02/2022 9:38:40 AM PDT by
PGR88
To: Alter Kaker
Price per oz needs to go up 50-100x. Done.
To: Alter Kaker
you’re missing the point....
26 posted on
11/02/2022 10:21:11 AM PDT by
wny
To: Alter Kaker
There’s not enough gold to make this work. The total value of all the gold in the world is about $11 trillion, or less than half the annual gross domestic product in just the United States.There’s indeed not enough gold to make this work. At the current price of Gold.
To: Alter Kaker
But I still think we need an honest money system to replace fiat.
To: Alter Kaker
We better us Gold that’s what our foes are going to do—The Ruble and Yuan will be gold backed.
To: Alter Kaker
At $100,000/ oz is there enough gold?
79 posted on
11/02/2022 1:46:27 PM PDT by
muir_redwoods
(Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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