When you stop and think about it.... What usage does gold have today? Really? Aside from melting it into gold bars and storing it somewhere? I know it has some commercial uses in electronics. It's used as jewlrey... but I would dare say it's commercial use is not great. So... yeah, having a pile fo gold is usefull to trade IF someone else has the money and need to trade for gold. However, if you're more concerned about keeping the lights on and getting a bite to eat, obtaining US gold reserves is probably not all that high on your priority list. Oil on the other hand... it's kinda still in vogue. Every economy in the world except mabey... zimbabwe (perhaps) is basically built on the use of oil. With no oil it will grind to a halt pretty damn quick. I'm pretty sure that without gold most of us would survive pretty well.
The gold standard died a long time ago. Get over it. That's one thing the brits realized in the 1930's when the pound was at the end of it's reign. Now it's your turn.
...and while 'I' may well be wrong, the 'economists' of the world have a pretty stellar track record of being wrong too. I'm glad I don't listen to many of them.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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