[pyx]

A example of a clear, concise and honest answer to Dr. Paul's question from The Bernanke would have been something along the lines of;

One US dollar is equal to 0.00031 troy ounces of gold minted by the US mint to 0.999 percent purity. This measurement can be found on page 1029 in the third paragraph.

[DannyTN]

"One US dollar is equal to 0.00031 troy ounces"

And nobody cares. Gold is highly manipulative because it's scarce. Why would we want to link our currency to something like that?

China is one of the largest gold producers today. Do you want China to have more say over our currency growth than we do? Then by all means go for the gold standard.

[Toddsterpatriot]

One US dollar is equal to 0.00031 troy ounces of gold minted by the US mint to 0.999 percent purity.

But the dollar is no longer equal to a fixed weight of gold.....or silver.....or anything.