It is just a “math thing”...if you want a gold-backed dollar convertible on a 1-1 basis i.e. $1 gold-backed dollar is redeemable for $1 in gold (like the old gold & silver certificates) then the U.S. govt. official price of gold needs to be around $85,363./troy oz.. (My math: $22.3 Trillion in U.S. “M2” money supply divided by the 261.5 million troy ounces of gold in U.S. reserves).
https://fred.stlouisfed.org/series/M2SL
https://fred.stlouisfed.org/release/tables?eid=155805&rid=426
Or just use these:
Sounds fine to me... much better to have a solid $85,363 silver price than a $79 {silver/paper/ETF} inflatable/deflatable price. The latter manipulated by banksters for their own greed and graft.
