Posted by trucker40 on January 09, 2009 at 10:13:58 from (69.155.104.208):
In Reply to: Re: OT/Gold posted by JMS/.MN on January 09, 2009 at 08:17:15:
That was an excuse they gave years ago.What would have been necessary to do is raise the price of gold.Thats happened before.When they raise the worth of gold(like they do daily on the stock market) except everybody had to agree before to raise golds worth.Its even more complicated than that the reason is like our dollar is only worth half of an English pound.My brain is already hurting and not close to answering it.For a while after WW2 the USA owned more of it than anybody,and it was based on dollars.Our dollar is devalued so bad now,and with all the other crooked stuff thats gone on,gold would need to be worth 2000 dollars an ounce to cover the worlds currency.I dont know how much it would take for just the USA to cover its currency,but whatever amount it is,would have to be worth 2000 dollars an ounce.
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