Loading .....read that little article…..The Dollar was fully backed….as in the sense you could take them and exchange them for GOLD !…any time…..
…whether or not there was enough Gold in the USA to redeem all the Dollars at once is a moot point …and an exercize in insanity !………..sheesh….you should change your name to badger…..which is the same as a ferret with a bigger bite…..now take your foot out of your mouth…………….before you chew it Off
I tried to trace the goldinstore/dollarsincirculation ratio back to where is was fully covered. I couldn’t get back past 1906, when there were still more US$ in circulation than there was gold.
Better hire some new Greeters at Wall Mart…..they will need to be Big and Strong…no more 80 yr old little ladies….gotta help unload the wheelbarrels …….
“Almost every country, including the United States, is on a system of fiat money, which the glossary defines as “money that is intrinsically useless;”
So you deflationists are saying that going forward money that is intrinsically USELESS will trump Real Money !………….sheesh !
economics.about.com/cs/money/a/gold_standard.htm
Floridagold……………Cabin Fever my arse,……..its GOLD FEVER and you better catch it !
the 1930s Dollar was Fully backed by Gold………you could turn in your dollars for real gold in 1930………… Rooseveldt in 1933 ended that in the USA … and 1971 Nixon ended that in the rest of the world !………that revluation of the Dollar you are speaking of happened in 1933 .After gold was confiscated !……..and the dolar was revalued (Downward against..you guessed it….Gold…from 20 something an ounce to 35 an ounce…………so during the greatest deflationary Period in US History Gold went UP 75%………
Just a guess, but re-flation=higher energy, all commodities, higher equity markets by next summer(?), dollar devaluation, and higher precious metals.
I think he has cabin fever with the white stuff!
What a comedy. Heads of state meet with out central bankers and issue a statement that was written before they even met. As Ron Paul said the real meeting is the central bankers’ meeting in Europe. These are the ones that the “heads of state” work for.
You’d have done heaps better being in energy stocks between 2005 and 2007, or commodity stocks 2004 to 2007.
And no, the USD was not as good as gold in the thirties, which was probably why it was devalued 75%. I don’t believe the paper dollar has ever been fully backed by gold.
…..and what happens when that stuff gets into the system ?
……in 3 6 or 9 months…?……….will it just sit there ?
Gold vs Dow
stockcharts.com/h-sc/ui?s=:&p=D&st=2000-01-01&en=1979-01-01&id=p63505064143
Gold vs Copper
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Oil
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Platinum
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs British Pound
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Aussie Dollar
stockcharts.com/h-sc/ui?s=:&p=D&id=p88702858943
Gold vs Euro
stockcharts.com/h-sc/ui?s=:&p=D&st=2000-01-01&en=1979-01-01&id=p77012037844
Gold vs Loonie
stockcharts.com/h-sc/ui?s=:&p=D&id=p77012037844
Gold vs Gold Stocks………Daym
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Real Estate
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Banks
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Mortgage Lenders
stockcharts.com/h-sc/ui?s=:FNM&p=D&id=p63505064143
Gold vs Bond Yields
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Gold vs Commodity Basket
stockcharts.com/h-sc/ui?s=:&p=D&id=p88702858943
So Why is this the only chart we focus on anyway ?…………and it aint half bad either
Gold vs Dollar Index
stockcharts.com/h-sc/ui?s=:&p=D&id=p63505064143
Remember these are not Linear charts but LOG charts………
The happiest investors are those who sold ANYTHING or better still …EVERYTHING…. and Bought Physical Gold !…at any time this Decade !
ANY QUESTIONS ?
Oh and 1 more
US Home Price vs Gold
I’m calling BS on those bars. Nice sweater though …
….do you dismiss the argument that the 30s Dollar was as good as gold……so a rise in the value of the dollar made good sense..
…..While Today’s Dollar is as good as Used Charmin……..
……I cant speculate anymore how the Deflation Inflation Mishmash will sort out….so far its asset deflation with continued price inflation….while wages are stagnant and jobs are scarce………….BUT whatever it is thats comming….you cant make me believe that Fiat will appreciate vs
Gold (and silver )…….
……….Fiat is dead….as dead as the Global Financial System it is predicated on……
…………..so….that means you should sell your Phys for Dollars…..right ?……..do you/ did you have Phys ?……..and if you still have some……..you know where to find me….i would like to take some off your hands !
……..Best….FGC