Sorry, my above number were also off. As of April 2011, The U.S. holds approximat
ely 3,900 hundred tons of gold, worth some $390 Billions (that's Billions with a big "B" folks! The U.S. sells small amounts of gold and silver to authorized resellers , who sell to mints for coin production of Commemorat
ives, and coins at specific values. not all necessaril
y what's called "legal tender." My idea would be to change that, sell ALL the Gold in the system, through minting legal tender coins that could be used just as today's geeenback (fiat money) are used.
A trading market would develop for these coins, even an arbitraage market that would hedge against the dollar, and force Uncle to say "uncle!"
Read the Article at HuffingtonPost
No comments:
Post a Comment