re: #55 Devil’s Advocate

Moreover, you don’t need a 1 to 1 ratio…. I’m not sure if you understand how a gold supply works. People would simply issue dollars based on percentages of an ounce.

Really, and how much is an ounce of gold worth? Would my dollar be worth 1/9ooth of an ounce, 1/1000th of an ounce, 1/10,000th of an ounce?

It’s a moot point anyway, because it’s never going to happen.

/you’re the one not thinking it through, what do you think would happen to the U.S. and world economy if Obama announced tomorrow that we were going back to the gold standard?