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Comment by Ken Valentine
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 "Gold and silver is the people's money."  -- Andrew Jackson

In order to suceed, a monitary "system" must be stable -- it must not be "inflatable." Or at least . . . easily inflatable.

The reason governments like paper currency is because those governments get to inflate the currency at their will.

If you or I did what governments do, it would be called counterfeiting. And governments do it for the same reason that counterfeiters do.

They (governments) can't print up gold as they can print up paper, that's why they like paper and hate gold.



Comment by Ed Price
Entered on:

Just for fun...

On the other hand, if there were 330 million people in the country, and only 300 million ounces of gold, and the dollar was strictly attached 1 dollar to 1 ounce of gold, 30 million people wouldn't get their dollar.


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