The gold value in Fort Knox is Approx. $206 Billion dollars. QE2 is $600 Billion, Hum, so we are going to spend 3 times what is held in Fort Knox to stimulate the economy. That would be like me getting a cash advance equal to 3 times my savings just so that I could make it through the year. Anybody have a problem with this?
Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist? Why is it important? I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)
Please note, I am not disputing its historical, current or future value. Only questioning why that value exists.
Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist? Why is it important? I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)
Please note, I am not disputing its historical, current or future value. Only questioning why that value exists.
Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist? Why is it important? I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)
Please note, I am not disputing its historical, current or future value. Only questioning why that value exists.
Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist? Why is it important? I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)
Please note, I am not disputing its historical, current or future value. Only questioning why that value exists.
Precisely what is the relationship between the gold in fort knox and the amount spent on economic and quantitative stimulus? Why does that relationship exist? Why is it important? I would propose that it is entirely artificial, that gold has no significant intrinsic value and as a monetary unit is purely a social construct. (Unlike, for instance, oil or wheat.)
Please note, I am not disputing its historical, current or future value. Only questioning why that value exists.
