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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (93293)11/27/2001 6:22:46 PM
From: Don Lloyd  Read Replies (2) | Respond to of 132070
 
Darlene -

Difficulty of gold standard is how to ever have enough gold to undo what has been done. Gold would have to come close to zilch value right?

According to Reisman, setting gold to about $3000 to $5000 per ounce and replacing (by a conversion exchange) all existing money would be the requirement to maintain the money supply. ( or at least that's my interpretation)

Regards, Don