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THIS ONE IS BIG: Gold backed currency introduce (www.moneymetals.com)

posted 1 year ago by brain_dead 1 year ago by brain_dead +207 / -0

Three Congressmen Introduce Gold Standard Bill to Stabilize the Dollar's Value

Washington, DC - As America faces the twin threats of inflation and bank failures, three U.S. congressman introduced a pivotal sound money bill that would enable the Federal Reserve note “dollar” to regain stable footing for the first time in more than hal...

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– we_let_this_happen 7 points 1 year ago +7 / -0

First, I don't think the U. S. has 440 trillion $$$ worth of gold laying around, and that is only to get us back into the black. 2nd BRICS s way ahead of us.

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– tstr 10 points 1 year ago +10 / -0

If gold is priced at $50k per ounce we have enough.

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– 2thclnr6 1 point 1 year ago +1 / -0

Looking at the price of gold way back when and if looking at the price now with proper inflation what would it really approximately be valued at?

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– tstr 1 point 1 year ago +1 / -0

I posted 50k because that is the figure many economists say it would need to be valued at today if it backed the dollar.

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– zanonks2 6 points 1 year ago +6 / -0

Q said we have the gold. US military saving mankind had to have some form of payment involved right?

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– Gold_is_money 2 points 1 year ago +2 / -0

What is gold price moves to e.g. $100,000 / oz.?

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– brain_dead [S] 1 point 1 year ago +1 / -0

Probably not.

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