Russia backs return to Gold Standard to solve financial crisis

[Capt'nAmerica]

Russia backs return to Gold Standard to solve financial crisis

Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

http://www.telegraph.co.uk/finance/f...al-crisis.html

[James Maxx]

Hey at least that money will have some value.

[Capt'nAmerica]

#1 holder of gold is the federal reserve.

[eL FryEdo]

#1 holder of gold is the federal reserve.

im sitting on it

[metfan85]

#1 holder of gold is the federal reserve.

who cares if the dollar is not backed by gold or at least silver? You can;t manipulate gold or silver reserves. If the central bank can't print money you can't cause inflation, can't cause boom/busts, can't pay for needless wars. Government get's a whole lot weaker and we get a whole lot freer.


these dollars were redeemable by silver or gold on demand. that's when the dollar still meant something

[Capt'nAmerica]

My wife's uncle who is a a currency and commodity trader told me that the Fed has it's gold priced at 30.00 a ounce. We have enough gold to ERASE the debt our country holds. Sick though right? I did not reseacrh this buts he def knows his stuff.