Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (52270)	7/10/2009 8:07:32 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 217852

I seem to remember doing a similar stupid thing. In my defense, I was really drunk and she was really naked. CD

To: TobagoJack who wrote (52270)	7/11/2009 2:42:01 AM
From: RJA_	Read Replies (1) \| Respond to of 217852

No governments want to give up the power to tax surreptitiously and stimulate the economy by debasing the currency. Therefore IMHO it is unlikely a true fiscal gold standard will re appear unless: 1. Governments have no other choice -or- 2. Some gold rich country makes it so (Russia or China). 2 would be difficult because immediately on beginning a gold standard, the value of that currency would rise, and make exports from that country too expensive. Therefore, we are back to #1. Gold backing could perhaps occur, however, a direct exchange gold standard is more problematical. That is my current thinking. I am open to being convinced otherwise.