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All The World's Gold: How Much Is Out There? [Pic]

Hits: 13647 | Rating: (2.6) | Category: Science | Added by: Crabes
Jump to: Bottom    Last Post
Fatninja01
Male, 18-29, Australia
 24516 Posts
Thursday, May 03, 2012 3:16:15 PM
And your GF wants all of it....

DeanoBoz
Male, 40-49, Canada
 195 Posts
Thursday, May 03, 2012 2:57:28 PM
In other words...

Xh8FYHnG
Male, 40-49, Canada
 35 Posts
Thursday, May 03, 2012 10:18:10 AM
The pro-gold-standard people are the ONLY ones who understand basic economics.

mcboozerilla
Male, 30-39, Europe
 649 Posts
Wednesday, May 02, 2012 11:41:48 PM
The gold standard people don't understand even simple economics.

OldOllie
Male, 60-69, Midwest US
 13917 Posts
Wednesday, May 02, 2012 9:36:06 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.

ExtraCredit
Male, 50-59, Midwest US
 448 Posts
Wednesday, May 02, 2012 9:04:37 PM
Gold, the next real estate bubble

motleystew
Male, 18-29, Midwest US
 44 Posts
Wednesday, May 02, 2012 7:35:59 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.

McGovern1981
Male, 30-39, Eastern US
 13291 Posts
Wednesday, May 02, 2012 1:32:37 PM
Awwww Gerry beat me to it!!!!

Crabes
Male, 30-39, Canada
 1049 Posts
Wednesday, May 02, 2012 11:20:02 AM
money should by determine by the numbers of funny pictures you got on your hard drive

Altaru
Male, 18-29, Eastern US
 3500 Posts
Wednesday, May 02, 2012 10:15:44 AM
I prefer bottle caps.

That's just me, though.

Pooptart19
Male, 18-29, Southern US
 2280 Posts
Wednesday, May 02, 2012 9:39:14 AM
"Are you still thinking that the world adapting to a gold standard is a good idea?"

It sure beats fiat.

5Cats
Male, 50-59, Canada
 24937 Posts
Wednesday, May 02, 2012 9:37:21 AM
Interesting! Bringing back the "gold standard" isn't possible, unless gold is worth a million $$ a gram!!

ForSquirel
Male, 30-39, Eastern US
 1615 Posts
Wednesday, May 02, 2012 8:57:05 AM
I prefer to use seashells and Tennessee Sutton moonshine as my monetary units. Take that Gold.

Buiadh
Male, 30-39, Europe
 6653 Posts
Wednesday, May 02, 2012 8:49:30 AM
Yay to Gordon Brown for selling all of ours at a pittance(!)

Gerry1of1
Male, 50-59, Western US
 33910 Posts
Wednesday, May 02, 2012 8:26:52 AM

Where did all that gold go ?



jtrebowski
Male, 40-49, Southern US
 3261 Posts
Wednesday, May 02, 2012 8:20:21 AM
Oops...Glenn Beck ain't gonna like this!

patchgrabber
Male, 30-39, Canada
 5708 Posts
Wednesday, May 02, 2012 8:12:21 AM
Wow, that was more information than I can bother myself to read about something I don't care much about.

Crabes
Male, 30-39, Canada
 1049 Posts
Wednesday, May 02, 2012 8:07:18 AM
Link: All The World's Gold: How Much Is Out There? [Pic] [Rate Link] - Are you still thinking that the world adapting to a gold standard is a good idea?


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