The Coming Gold Standard
• dailybell.comGold is a barbaric relic and the future of money has nothing to do with it.
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"Gold and silver is the people's money." -- Andrew Jackson
In order to suceed, a monitary "system" must be stable -- it must not be "inflatable." Or at least . . . easily inflatable.
The reason governments like paper currency is because those governments get to inflate the currency at their will.
If you or I did what governments do, it would be called counterfeiting. And governments do it for the same reason that counterfeiters do.
They (governments) can't print up gold as they can print up paper, that's why they like paper and hate gold.
Just for fun...
On the other hand, if there were 330 million people in the country, and only 300 million ounces of gold, and the dollar was strictly attached 1 dollar to 1 ounce of gold, 30 million people wouldn't get their dollar.
:)