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To: lbryce
didn't the treasury secretary just address this issue recently when he said it was impossible to return to the gold standard, because their wasn't enough gold in existence to cover our money supply?
14 posted on 06/05/2011 10:18:14 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: TexasFreeper2009

America could go back on a Gold Standard tomorrow - Gold would simply rise to somewhere north of 15000 dollars/oz.

(Note: I am not saying a Gold Standard is a good idea, I’m just saying its perfectly possible)


16 posted on 06/05/2011 10:45:30 PM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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