Does anyone know what the "gold standard" is? I'm doing history homework and I would love some help!\n\nThanks!!
204827
Before Nixon took us "off the gold standard", the nation had gold reserves that were equal to, or more, than the amount of dollars in circulation.  So back then, money actually had a tangible value and was backed by the country's gold reserves.  Coming "off the gold standard" allowed the dollar to become more artificial and debt-ridden.
74622
I know that prohibition was a big one. The recovery from WWI had alot to do with it also, and the depression. We had 65% unemployment in some areas of the Country. America was crippled from Taft's legislation, and the control of the banks. The Banks couldn't cover the money, that was put into their banks, it wasn't there, "HUH". I would start there.
429674
Be willing to accept a lower standard of living. The expansion of the economy is due in large part to dumping the gold standard and instituting the Federal Reserve. \n\nGo back and look at the history that caused these changes.\n\nAs for the income tax, how would you propose paying for public goods?
666651
Gold and oil are denominated in U.S. Dollars, and inversely proportional in price.\n\nThrough most of this decade, you've seen a steady erosion in the Dollar, as the price of gold and oil have risen.\n\nOther Reasons\nNow that central banks of foreign countries like Switzerland and Great Britain have stopped selling tons of gold, the supply has lessened while the demand has picked up. \n\nOnce price launched into an uptrend, others escalated it.\n\nMore Reasons\nThis is the scariest market I've ever seen in the 20 yrs I've been watching it. Just name one thing that is stable; can't do it. The escalation in the price of gold is partly due to a flight to safety.\n\nMore Reasons\nIf you were Sadam Hussein or Osama Bin Laden, where would you invest your money if you were trying to destroy the economic centers of the world, and your own economy was at risk? If you were a Russian politician bilking hundreds of millions out of the foreign loans from other countries, where could you possibly hide that money where it is safe? \n\nWhat currency is good in all the world, doesn't vanish when burried or tarnish or waste away or burn or get eaten, and has a base value through which it cannot go? Gold.
99625
Gold is always considered as an safe investment,only if it is 22k or 24 k bars.seeing the market trends,prices won't fall now.They will be stable sooner.
209810
At one time money was back up by precious metals (gold, silver).  You could take a twenty dollar gold certificate to any bank and they would have to give you that much in gold.  In the 1950s they dropped the gold standard and went to a debt standard.  For every dollar in circulation there is a dollar owed.  This is what causes inflation.  Example, in 1900 a twenty dollar gold piece would feed a family for a week or more, the same gold piece today will feed a family about the same amount of time.  Hope this helps.
241162
i was just reading about this issue the other day on a website and would you beleive that america was the first country to want to move to metric system but after a long time of not agreeing on issues it was dropped. it had been discussed on and off for nearly 60 years. nobody still knows why it never went ahead.
474930
About 3.5 million USD. \n\nSince gold is a standard worldwide, I would not risk bringing it to the USA but sell it somewhere in Europe. One should be very careful, people have been known to be killed for much less than this. If someone is claiming to be selling such an amount, I would be very wary.\n\nI've since done a little research and reputable gold brokers WILL NOT do business in Ghana (and some other countries as well)\nhttp://www.goldbuyersagent.com/sma.html
596117
we need African gold and oil to support the illegals in America...I promise. just as soon as we remove the illegals we will stop "taking" African resources.
514318
Hmmm.  I thought that was the 14th amendment.\n\nAnyway, yes I've heard of that.  Legal researchers have verified that the amendment to perperate a federal tax upon the people was never really legally ratified.\n\nAnd that's just the beginning of the fraud upon the people of this nation.  There's no real value to our money, since going off the gold standard in 1933.  AND the IRS and the Federal Reserve are quasi government agencies.--Don't even get me started, because there's plenty more.  This scandalous fraud is wayyy worse than the Enron fiasco and even the Emporer's New Clothes.  This is a fraud against the whole country, spanning several generations, and is continuing, unbeknownst to most.
88984
its not about gold anymore, countries dont have to back up there money with gold.\nIts all about market and macroeconomics.  Which one people feel more secure and use this countries bank instead, percieved value blah blah and then blah, also blah blah blh, cannot foget about blah blah ...
47896
Liberty on Mercure = pounds on Mercure*(Liberty on Earth/pounds on Earth)\n\nwhichever be your data
476041
A COT (commitment of traders)  on Gold chart published here every Friday (EOD):\n\nhttp://www.321gold.com/cot_gold.html\n\nThere is a nice graph that includes data going back 6 months here on gold and silver here: Click on COT gold report on left.\n\nhttp://www.financialsense.com/metals/main.htm
289477
Show me the Gold first
113301
1) <Know it all> The Quote "In God We Trust" IS actually a metaphor for our currency, if means that we don't really get paid in anything worth of value except a paper with a scripple, basically an I.O.U, and it says that because as long as the Americans beleive in currency there will not be any problems with the economy- Completely irrelevant to this situation though\n\n I think America will fall eventually, and it can't be surely predicted because many things could be a factor to this. There is no true answer except opinions. Yes I do beleive America will eventually fall or at the least will crumble down to a smaller country but i doubt anytime soon. And the reason that America seems to reject God or God-like figures is because many people find it offensive to mix Religion with Government. And i suppose they have a point seeing as many people came to America to be freed from strict laws and religious beleifs in other countries. You must understand that America is a very diverse place and I really do hope that America does not fall because it , aside from any corruption and greed, is one of the greatest and most free countries, NO i'm not being patriotic, but you must understand that many rights are available here than in other countries, and even though America might seem evil and vile to many people, i'd rather live in a democratic fucked up countr rather than a communist one where our freedom is limited.....so yeah good question
268662
I don't think England would be wise to give up the monetary system they currently have. Joining the Euro system would be the same as using the American dollar. You would be assimilated, with no identity then. I am an American, and I don't like the fascism going on with the Republicans, and the current Bush Administration. Americans wont go along with it for to long without a revolt, and I see that happening really soon.
58294
Yes Mike, it's all very well about trust, but what happened in 1929?   Something similar may happen soon.   9/11 set the process in motion; Bush is carrying it further.  Thank goodness I'm a poor man, with little to lose.  You rich people had better buy gold or Chinese currency soonest.\nQuestioner bulabate is very near the mark when he talks about printing money - whose head is in the sand - his or Mike Gilbert's?  I reckon your's Mike, rather than bula's, not that I know much about the subject : in fact I don't think anyone does; not even Alan Greenspan.