Funny. Coming from the WSJ.
Geithner to the rescue.........
NOT!!!!!!!!
Could someone answer these questions for me.
1. Why isn’t our money backed by gold?
2. Why isn’t it freely convertible to silver or gold at the US Treasury?
3. Can we return to the gold standard?
Remember “As sound as the dollar” and “an Iron man”. Where are the snows of yesteryear?
The problem with gold is that it is practically impossible to trade for goods and get full value because no one is sure of the value. You have to exchange it for cash to spend it.