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Category: Science
Date: 05/02/12 07:50 AM

18 Responses to All The World`s Gold: How Much Is Out There? [Pic]

  1. Profile photo of Crabes
    Crabes Male 30-39
    1285 posts
    May 2, 2012 at 8:07 am
    Link: All The World`s Gold: How Much Is Out There? - Are you still thinking that the world adapting to a gold standard is a good idea?
  2. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    May 2, 2012 at 8:12 am
    Wow, that was more information than I can bother myself to read about something I don`t care much about.
  3. Profile photo of jtrebowski
    jtrebowski Male 40-49
    3359 posts
    May 2, 2012 at 8:20 am
    Oops...Glenn Beck ain`t gonna like this!
  4. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36838 posts
    May 2, 2012 at 8:26 am

    Where did all that gold go ?


  5. Profile photo of Buiadh
    Buiadh Male 30-39
    6739 posts
    May 2, 2012 at 8:49 am
    Yay to Gordon Brown for selling all of ours at a pittance(!)
  6. Profile photo of ForSquirel
    ForSquirel Male 30-39
    2190 posts
    May 2, 2012 at 8:57 am
    I prefer to use seashells and Tennessee Sutton moonshine as my monetary units. Take that Gold.
  7. Profile photo of 5Cats
    5Cats Male 50-59
    33117 posts
    May 2, 2012 at 9:37 am
    Interesting! Bringing back the "gold standard" isn`t possible, unless gold is worth a million $$ a gram!!
  8. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    May 2, 2012 at 9:39 am
    "Are you still thinking that the world adapting to a gold standard is a good idea?"

    It sure beats fiat.
  9. Profile photo of Altaru
    Altaru Male 18-29
    3483 posts
    May 2, 2012 at 10:15 am
    I prefer bottle caps.

    That`s just me, though.
  10. Profile photo of Crabes
    Crabes Male 30-39
    1285 posts
    May 2, 2012 at 11:20 am
    money should by determine by the numbers of funny pictures you got on your hard drive
  11. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    May 2, 2012 at 1:32 pm
    Awwww Gerry beat me to it!!!!
  12. Profile photo of motleystew
    motleystew Male 18-29
    48 posts
    May 2, 2012 at 7:35 pm
    This more or less explains why the gold standard is a good idea. Since there is a limited amount of gold in the world and it doesn`t degrade when in its pure form, the value of gold will remain relatively constant. The reason gold`s price compared to the dollar has gone up is because of the falling value of the american dollar. If you put the two graphs next to each other, you will see very similar lines. It is much more difficult to mine more gold than to print paper money out of thin air. Therefore the value of gold will remain steady. Under the gold standard you should be able to go to the bank to exchange your currencies for its value in gold or silver. Under the current fiat system your money has no value until you spend it. It does no good to save it. Also this is why consumerism has gone rampant.
  13. Profile photo of ExtraCredit
    ExtraCredit Male 50-59
    451 posts
    May 2, 2012 at 9:04 pm
    Gold, the next real estate bubble
  14. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    May 2, 2012 at 9:36 pm
    So, if you had ALL the gold in the world, you could pay off HALF of the US national debt.

    We are so f***ed.
  15. Profile photo of mcboozerilla
    mcboozerilla Male 30-39
    646 posts
    May 2, 2012 at 11:41 pm
    The gold standard people don`t understand even simple economics.
  16. Profile photo of Xh8FYHnG
    Xh8FYHnG Male 40-49
    36 posts
    May 3, 2012 at 10:18 am
    The pro-gold-standard people are the ONLY ones who understand basic economics.
  17. Profile photo of DeanoBoz
    DeanoBoz Male 40-49
    195 posts
    May 3, 2012 at 2:57 pm
    In other words...
  18. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25420 posts
    May 3, 2012 at 3:16 pm
    And your GF wants all of it....

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