posted on Jul, 9 2009 @ 11:31 AM
I'm heavily invested in the gold sector and expect a gold backed currency but i have to admit it's a stupid idea basing a nation's wealth on how
much of some useless yellow metal they have in their vaults. Money is just a medium of exchange and fiat money would work just fine if govt's would
only be responsible. But they aren't as shown by america's trillion $ giveaway to the banksters. If we had been on a gold standard the last 30
years, this present credit crisis would have never happened because the bankers would have known the govt couldn't bail them out even if it wants to.
So i think a gold currency is on the way.