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AboveTopSecret.com takes pride in making every post count. Please do not create minimal posts to start your new thread. If you feel inclined to make the board aware of news, current events, or important information from other sites; *please post one or two paragraphs, *a link to the entire story, *AND your opinion, twist or take on the news item, as a means to inspire discussion or collaborative research on your subject. edit on Fri Nov 18 2011 by DontTreadOnMe because: (no reason given)
Ten years ago there were a few “nutjobs” who believed that gold should back America’s currency the way it had historically. Four or five years ago, there were an even larger number of “nutjobs” who believed gold had to play a significant role in backing our money. Today, the argument for a national and/or international monetary system that has gold as its foundational base or as an important pillar at the very least, has become a mainstream argument with people like Robert Zoellick, the President of the World Bank, endorsing the idea that study should be given to reincorporating gold into the international monetary system. Sound money activists advocate a return to the gold standard or some form of currency that is backed by gold or a stable commodity. This type of money is called “sound” or“tangible.”