[quote=Nor-LA-SD-GUY2]
OK now here is the real funny part,

Do the math

$269.67 billion is about 2% of our annual USA GDP .

There is no way in heck it could be used for money, it’s just for watches jewelry etc…

That’s it’s total value in life.[/quote]

Jim Grant was on the boob tube the other day saying that the U.S. should go back to the gold standard. He is supposedly a respected commentator on interest rates.

However, like you, I see no way in hell that we could go back to the gold standard. It would basically involve inflating the price of gold like a 1000 times its current value.