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To: Toddsterpatriot

Have you checked the value of the dollar relative to other
currencies lately? It’s way down. With the Fed dumping
dollars from airplanes and true inflation at 10% to 12%:
the dollar is not fairing very well.


56 posted on 08/06/2008 7:56:58 AM PDT by upcountryhorseman (An old fashioned conservative)
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To: upcountryhorseman
Have you checked the value of the dollar relative to other currencies lately?

Yes.

So how would gold prevent banks from making bad loans? How would 1000 ounces of gold (worth about $900,000) protect the bank more than cash of $900,000?

57 posted on 08/06/2008 8:16:47 AM PDT by Toddsterpatriot (Half the time it could seem funny, the other half's just too sad.)
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