The Four U.S. Dollars, or, The U.S. Dollar’s Relationship to Gold

[Chex]

Posted by shikamaru Gold is the currency of kings. Silver is the currency of gentlemen. Copper is the currency of peasants. Debt is the currency of slaves.

Posted by David Merrill It seems that in the world it is primarily Americans who value debt.

Why We're Not Returning to a Gold Standard http://www.cbsnews.com/news/why-were...gold-standard/

Here's another problem: Any country with investments in the United States could demand its gold at any moment. That's what happened in 1971. For years, the price of gold had been fixed at $35 an ounce. Finally, the British ambassador asked that $3 billion of the United Kingdom's investments be converted into gold. The United States soon went off the gold standard. http://www.slate.com/articles/busine...gold_rush.html

Last Updated Apr 12, 2010 3:46 PM EDT Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. Its glittering gold bricks, totaling 147.3 million ounces (that's about $168 billion at current prices), are stacked inside massive granite walls topped with a bombproof roof. Or are they? http://www.cbsnews.com/news/is-there-gold-in-fort-knox/

youtube

But Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"