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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: loantech who wrote (21314)8/3/2010 12:33:23 PM
From: Tommaso  Read Replies (2) of 48092
 
There's not enough gold in the world for a gold standard. To get any sort of backing for world currencies, the price of gold would have to be set at something over $10,000 an ounce. Governments are not interested in rewarding gold miners and holders of bullion in that way.

Although, at that price, gold from seawater would become feasible, it's hard to imagine that governments would want to divert economic activity into the production of a largely useless commodity.
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