The Gold Standard

I was talking to my friend the other day about how much I love the gold standard and how I wish we still had a similar precious-material-based monetary system in the U.S.

She looked at me and said, “I thought we were on the gold standard.”

Well, we are not. The following short video explains the basics of the gold standard and compares it to the modern system ruled by the federal reserve.

Let us know: Are you pro or con the gold standard? Explain why.

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13 Thoughts on “The Gold Standard”

  1. Didn’t get to watch the video (the internet in my hostel is slow as fuck), but I’m definitely in favor of the gold standard. One of the biggest problems in our economy is inflation, especially as it relates to foreign currencies. Going back to the gold standard would be a great idea, although the initial adjustment of the economy might be a little troubling.

  2. I think the reason we got off the gold standard was because there was not enough gold for us to continue using it for money..

  3. Before I can post an intelligent comment I will have to research the path back to the gold standard, the pros and cons, etc.

  4. mantap bo ne”n na hehehe

  5. smartgarage

  6. 0

  7. Atngk

  8. Salak

  9. Surahman_wibowo@yahoo.com

  10. I luv d gold standad i like to be part of it nd i want to knw more about it i we be glad if u can give me d upportunity. Thanks.

  11. K@ren corvalan lo+ 2012

  12. I was suggested this website by my cousin. Im not sure whether this post is written by him as no one else know such detailed about my problem. Youre incredible! Thanks!

  13. Good stuff. I dont remember reading such a good article. You should write more

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