Is it time for America to open up Fort Knox?

Originally posted by neo96
reply to post by yuppa

 

People forget the price of gold was fixed when the dollar was tied to it so replacing that with wheat would fix it's price.

Meaning farmers would lose out it would be nice to have money backed by something, but Im not fond of a food staple as that backing.

Well here is how you get around that. The price of wheat is set and that is its BASE VALUE,and will not drop below it,BUT it can go high as it wants to go. Would that work out well?