Inflate the price of precious metals and yes. The price of precious metals have been manipulated for years. Market manipulators dump silver in to the market every time the price starts to rise. The price comes down and they buy it up at a cheap price and dump it back in to the market after the price goes up. I have read that the price of gold could go as high as $20,000 per ounce if market manipulation stopped. Silver could get to $250 per ounce. If you eliminated the inflation that creeped in over the last 50 years the amount of currency needed to run the country would be greatly reduced. Take prices back to 1960 levels for consumer products. Gallon of gas 25 cents, dozen eggs 10 cents....you get the idea. Put us back on a gold standard.
Yea, from everything I know and have read, I'm for going to the gold standard. But I'm not overly knowledgeable. The way I see it, you're right, it would take prices back to 1960's levels. But even more importantly:
(((They))) won't be able to decide on a whim what the dollar is worth once we escape this vile fiat situation
There is 15 times more silver than gold in the earths crust. Silver is a useful metal in all sorts of applications while gold isnt. If gold were 20k an ounce I would hope that silver would be at least 1/15th of that if things were not manipulated.
Inflate the price of precious metals and yes. The price of precious metals have been manipulated for years. Market manipulators dump silver in to the market every time the price starts to rise. The price comes down and they buy it up at a cheap price and dump it back in to the market after the price goes up. I have read that the price of gold could go as high as $20,000 per ounce if market manipulation stopped. Silver could get to $250 per ounce. If you eliminated the inflation that creeped in over the last 50 years the amount of currency needed to run the country would be greatly reduced. Take prices back to 1960 levels for consumer products. Gallon of gas 25 cents, dozen eggs 10 cents....you get the idea. Put us back on a gold standard.
Yea, from everything I know and have read, I'm for going to the gold standard. But I'm not overly knowledgeable. The way I see it, you're right, it would take prices back to 1960's levels. But even more importantly:
(((They))) won't be able to decide on a whim what the dollar is worth once we escape this vile fiat situation
There is 15 times more silver than gold in the earths crust. Silver is a useful metal in all sorts of applications while gold isnt. If gold were 20k an ounce I would hope that silver would be at least 1/15th of that if things were not manipulated.