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Posted

Last week I read an articel , that the American note bank federal recerve maybe plan to connect the dollar to the gold price, does this already happen in the past?

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Posted

Gold used to set the standard, then we went to paper, Hard to figure out what would happen if the Dollar is coupled back to gold , all I know it wont happen in my life time .

Posted

Gold used to set the standard, then we went to paper, Hard to figure out what would happen if the Dollar is coupled back to gold , all I know it wont happen in my life time .

That is all anybody needs to know.

It won't happen, ever.

Even on a gold standard it was still just a belief that the government could exchange a USD for some amount of gold. It never could, there was and will always be more money created by the commercial banks than any physical commodity could support.

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