It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
1 Kings 10:14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,
During the last decade an interesting phenomenon has taken root in Digital Gold . e-Gold, e-Bullion, and e-Dinar among others have gained ground as popular currencies. The touted benefits include security, stability, anonymity, and low fees . Altogether Digital Gold is a very attractive form of payment and a logical replacement for paper money.
Originally posted by gimme_some_truth
The reason this will not work is because there is not enough gold to back up the dollar.
That is why we got away from the gold standard in the first place.
I agree we need something else besides what we have now though.
Gold can't be it though. Just not enough.
Will Ron Paul-onomics beat Obama?
The libertarian Republican's call to 'end the Fed' and return to the gold standard is catching on in the GOP -- and it could shape the political year.
The race for the White House is in full swing with the top two candidates for the Republican nomination -- Newt Gingrich and Mitt Romney -- exchanging body blows like bloodied boxers. But it's dark horse Ron Paul who seems to be tapping into the deep-seated cynicism with which many Americans view the economy, the prolonged downturn and how we can stop the boom-and-bust cycle. His top target: The Federal Reserve. His solution: "End the Fed" and return to the gold standard. How do I know this is catching on? Well, Gingrich, looking to expand on his win in South Carolina and attack Romney from the populist angle, is now embracing some of Paul's economic libertarianism. Last Friday, he announced that, if elected president, he would create a new commission on gold to "look at the whole concept of how do we get back to hard money" and how we can ensure the dollar is "worth 30 years from now what it is worth now."