[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.
