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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (71781)	10/12/2006 3:16:49 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

Wikipedia has a good discussion: "The purposes of a gold standard are to prevent inflationary expansion of the money supply, to maintain a fixed value against which other prices can be measured, and to allow wider circulation, including clearing of transactions, with a greater degree of trust in both the stability of the quantity and quality of money." en.wikipedia.org

To: Tommaso who wrote (71781)	10/12/2006 3:30:41 PM
From: bart13	Respond to of 110194

Oh brother - all I can say is please continue enjoying your fantasy and your abilities to read what I have written. Its so very easy to put words in someone elses mouth, and then use that to prove the point you make but that I didn't. /sarcasm (edit/add - I generally agree with the Wiki entry on gold in case you're trying to piant my viewpoint as something other than what it is again)

To: Tommaso who wrote (71781)	10/12/2006 4:15:50 PM
From: bart13	Read Replies (1) \| Respond to of 110194

As far as I know, you are completely alone in denying that gold and the gold standard had any appreciable effect on the money supply of the United States in the period 1878-1933. As far as I know, you are completely alone in thinking that has anything to do with my original points about the lack of relationship between the gold and money supply after 1933, which is what originally started this thread. The correlation between gold and the money supply from 1913 to 1933 was tenuous at best, as you noted about the WWI period and as I add about periods like the huge growth in 1919-20, the drops in 1920-21, the large growth of the various elements on money supply and credit from 1922-25 and the huge drops in money supply and credit starting in about 1928 and ceasing in 1932.