Gold Standard: Forbes Chairman Advocates Gold Standard fixed USD $1500

Discussion in 'Gold' started by Water&Food, Feb 15, 2012.

  1. Water&Food

    Water&Food New Member

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    Source: The Street
    Date: 01/12/12

     
    Water&Food, Feb 15, 2012
    #1
  2. Water&Food

    Water&Food New Member

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    Water&Food, Feb 15, 2012
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  3. Silverthorn

    Silverthorn Well-Known Member

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    The first paragraph you quoted basically said the 1500 mentioned in the second paragraph is too low. They'd have to contract their economy right off the bat.
     
    Silverthorn, Feb 15, 2012
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  4. Cracka

    Cracka Active Member Silver Stacker

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    How would they pay for the gold - print more fiat - therefore more gold required. Genie is out of the bottle and won't want to go back.
     
    Cracka, Feb 16, 2012
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  5. thatguy

    thatguy Active Member

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    revalue gold... and silver can come along for the ride :D
     
    thatguy, Feb 16, 2012
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  6. systematic

    systematic Well-Known Member

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    just take the power away from private corporations to control the money supply and put it back into the hands of (the governments of) the people
     
    systematic, Feb 16, 2012
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  7. SilverMark

    SilverMark Member

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    Maybe when the USD devalues (as it should have already) in future as they continue down their path of debt expansion and printing they will be able to maintain that new level but they are dreaming if they can get to $1500... unless they confiscate again
     
    SilverMark, Feb 16, 2012
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  8. villiagegate

    villiagegate New Member

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    Ok.. so right now they'll be raising rates? That'll be great for the gigantic unserviceable debt they have..
     
    villiagegate, Feb 16, 2012
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