To: DaveinOK54
You can't fix the price of gold, it's a global commodity. Second, you can set the dollar to a certain weight of gold and promise 100% convertibility. That's what the gold standard means. The price of the dollar in gold is currently ~$1800 per oz.
40 posted on
08/21/2011 4:39:30 PM PDT by
Jabba the Nutt
(.Are they stupid, malicious or evil?)
To: Jabba the Nutt
You can't fix the price of gold Uhh. Yeah you can. It's called the gold standard.
43 posted on
08/21/2011 4:43:03 PM PDT by
SSS Two
To: Jabba the Nutt
You can't fix the price of gold Uhh. Yeah you can. It's called the gold standard.
44 posted on
08/21/2011 4:43:15 PM PDT by
SSS Two
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson