[Poohbah]

Any form of currency can be devalued if too much of it is introduced into the economy.

That's never happened with gold.

Actually, it DID. Any decent history of European colonization and conflict in the New World will discuss this issue. Spain became an economic basket case because they imported too much gold from America. There was too much gold chasing not enough goods.

All the gold ever mined could fit into a shed. \

It would have to be a VERY big shed.

[demlosers]

Having fun stirring up the native gold bugers I see. :-0

[#3Fan]

Now Poohbah, you remember what happened last time? You got all upset. Keep your cool this time if you're going ping me on one of these gold threads. LOL

Actually, it DID. Any decent history of European colonization and conflict in the New World will discuss this issue. Spain became an economic basket case because they imported too much gold from America. There was too much gold chasing not enough goods.

No, they became a basket case because they simply bought everything with the gold they stole and let their innovation suffer. Britain provided goods for Spain's gold, becoming more advanced and became a super Empire. As long as a people work for their wealth, they will be OK.

It would have to be a VERY big shed.

130w by 130d by 20h would hold it. Farmers around here have sheds that big.