From what I can see we are may not be going to "the gold standard."
What we have now is a debt based system. Every dollar you own is someone else's debt. That will be gone.
We will go to some form of commodity based currency and gold will be a big part of it. But there may be other commodities mixed in. It could be a basket of commodities with gold as the largest % of the commodities
You can run into problem if the currency is based on one item (gold).
If a major gold find happens and the market is flooded with gold the currency would have problems. Or if no more gold was found you would have the reverse problem with the currency.
Whatever the currency will be it should be based on real things.
an example of what I am trying to say.
If one dollar buys a bushel of wheat today 10 years from now it should still be able to buy a bushel of wheat. Of course thangs could happen to wheat to cause the price to go up or down such has a bad crop year or a fantastic crop year.
The point is prices can move around but they are NOT moving around because of the currency.
The same thing applies to gold or silver or any other single commodity.
From what I can see we are may not be going to "the gold standard."
What we have now is a debt based system. Every dollar you own is someone else's debt. That will be gone.
We will go to some form of commodity based currency and gold will be a big part of it. But there may be other commodities mixed in. It could be a basket of commodities with gold as the largest % of the commodities
You can run into problem if the currency is based on one item (gold). If a major gold find happens and the market is flooded with gold the currency would have problems. Or if no more gold was found you would have the reverse problem with the currency.
Whatever the currency will be it should be based on real things.
an example of what I am trying to say.
If one dollar buys a bushel of wheat today 10 years from now it should still be able to buy a bushel of wheat. Of course thangs could happen to wheat to cause the price to go up or down such has a bad crop year or a fantastic crop year. The point is prices can move around but they are NOT moving around because of the currency. The same thing applies to gold or silver or any other single commodity.
That's really interesting. Thanks for sharing.