[sdduuuude]

[quote=SDEngineer]BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure[/quote]

I’m with you there.

[quote=SDEngineer]which harms investment[/quote]

Not with you there. It would change the investment environment, not necessarily for the worse. The economy would become less “borrow and spend” oriented and more savings oriented. How awful.

[sdduuuude]

[quote=SDEngineer]BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure[/quote]

I’m with you there.

[quote=SDEngineer]which harms investment[/quote]

Not with you there. It would change the investment environment, not necessarily for the worse. The economy would become less “borrow and spend” oriented and more savings oriented. How awful.

[sdduuuude]

[quote=SDEngineer]BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure[/quote]

I’m with you there.

[quote=SDEngineer]which harms investment[/quote]

Not with you there. It would change the investment environment, not necessarily for the worse. The economy would become less “borrow and spend” oriented and more savings oriented. How awful.

[sdduuuude]

[quote=SDEngineer]BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure[/quote]

I’m with you there.

[quote=SDEngineer]which harms investment[/quote]

Not with you there. It would change the investment environment, not necessarily for the worse. The economy would become less “borrow and spend” oriented and more savings oriented. How awful.

[sdduuuude]

[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]

Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”

The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.

[sdduuuude]

[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]

Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”

The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.

[sdduuuude]

[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]

Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”

The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.

[sdduuuude]

[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]

Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”

The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.

[sdduuuude]

[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]

Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”

The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.

[sdduuuude]

[quote=HLS]I still tell people that foreclosure is their solution, not their problem….
[/quote]

I quote you regularly on this, by the way, both online and in face-to-face discusstions. It’s the truth.

[sdduuuude]

[quote=HLS]I still tell people that foreclosure is their solution, not their problem….
[/quote]

I quote you regularly on this, by the way, both online and in face-to-face discusstions. It’s the truth.

[sdduuuude]

[quote=HLS]I still tell people that foreclosure is their solution, not their problem….
[/quote]

I quote you regularly on this, by the way, both online and in face-to-face discusstions. It’s the truth.

[sdduuuude]

[quote=HLS]I still tell people that foreclosure is their solution, not their problem….
[/quote]

I quote you regularly on this, by the way, both online and in face-to-face discusstions. It’s the truth.

[sdduuuude]

[quote=HLS]I still tell people that foreclosure is their solution, not their problem….
[/quote]

I quote you regularly on this, by the way, both online and in face-to-face discusstions. It’s the truth.

[sdduuuude]

[quote=SDEngineer]Certainly being on the gold standard wasn’t able to prevent the Great Depression, the bank runs in the early 1800’s, or any other historical serious depression/recession.
[/quote]

If only the government would outlaw these things, they wouldn’t happen anymore.

[Author]

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