68 If the world goes back on a gold standard, “gold will hit $40,000 per ounce.” (www.zerohedge.com) posted 1 year ago by DarQ2light 1 year ago by DarQ2light +68 / -0 23 comments share 23 comments share save hide report block hide replies
i used to be a big believer in the gold standard,
until one day, someone pointed out the obvious, which is,
that the gold standard works great, for the people who have gold.
there are numerous examples of alternative credit systems,
for example, colonial script.
for example, tally sticks.
we have the technology to create alternative credit, but we seem to have a problem implementing it, and getting people to accept it.
i mean, i won't accept bitcoin. but thats just me.
i would accept an oz of silver, but who would offer me one?