[BfloGuy]

Seriously, 1/4 of a grain of gold? That is just nonsensical as a means to back a currency. You might as well base it on fairy dust, which probably has a better conversion ratio with the dollar.

You obviously did not read my comment very carefully. The amount of gold backing the currency DOES NOT MATTER.

Why do you consider my suggestion so ridiculous? Please expound. I await your explanation eagerly,.

[yefragetuwrabrumuy]

You answered your own question:

“The amount of gold backing the currency DOES NOT MATTER.”

Priceless is the same as worthless.

Gold only has value to those that value gold. Because there is so little of it in the world, it is no different than baseball trading cards: of great value to those who collect it and trade it, but of no value to those who don’t.

Try this experiment. Go to a grocery store and fill that cart up. Then offer gold as payment to the cashier. Since they have no way of converting it, ask the manager to do so. He will have no way of converting it either.

“Sorry, Mac. Cash, credit, debit or check only.”

“But don’t you *understand*??? This is GOLD!”

“Sorry, Mac. Cash, credit, debit or check only.”