return the gold standard as world unravels, page-65

  1. 1,712 Posts.
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    This wonderful whirlwind of contradictory comments, sometimes in the same post is hilarious to read.

    Gold must be the reserve currency because it can't be manipulated like fiat, but my gold investment is being manipulated by comex, reserve banks etc. What the!?

    Here is a tip, you can use gold as the reserve currency now. Matter of fact you can use anything right now. There is no law or legal requirement for people to measure things in us dollars. If the newspapers start quoting oil in francs or euro or dog biscuits it won't change a thing. Just a different comparison.

    There is a set amount of gold in the world right now and a set amount of currency. Reintroducing the gold standard can only go one of two ways,keep currency amount constant and reduce the ounce price of gold to equal the currency on issue which will lead to a monumental reduction in the value of gold, or keep gold value constant and reduce the amount of currency on issue and create the single worst destruction of wealth ever seen.

    Which one is it gold standard promoters?

    If it is the second then I will take up arms against you. If the first then my gold co investments are going to tank but it won't be the end of the world.
 
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