Hey poll tell me whats wrong with the gold standard

Hey poll tell me whats wrong with the gold standard.

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oh god, im going to cum

The US doesn't have any gold

If you don't have gold you're fucked. If you don't have gold and have no way to trade resources/goods/services to earn said gold, you will wither and die. There are far too many countries in the world for the gold standard to work effectively. It's a system that best works with few countries or kingdoms.

If the shit hits the fan, not many people are going to trade arms, ammo, food, and other supplies for a useless chuck of soft metal.

It's not as easily manipulated by the government.

(1) If you used the gold standard you would need a lot of gold in your own reserves
(2) There is a limited supply of gold
(3) I need that gold

We actually have twice as much gold as the next leading country (Germany iirc). We have literal shitloads of gold.

Nothing

Not enough of it.

All of the gold is on the NFL sidelines.

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There's not enough gold, but you could do a partial reserve system

then add platinum and silver

Completely wrong. The price level and the market price of gold will adjust the economy to the supply of gold.

There isn't enough of it to keep pace with economic development and people are not as rational as previously thought.

Major political states with strong militaries make the need for gold backed currency unnecessary.
They are able to enforce the value of the currency and control public perception of what the value is. In other words, monetary manipulation becomes a feasible policy tool.

Now, most people will REEE against it because they dislike the modern governments of modern states and to this end, I would also agree with their criticism.
However, to denounce the utility of enforced fiat currency as a whole is to throw the baby out with the bath water.

Typical mountain jew.

Plenty more uses for it other than trading

inelasticity in the currency supply leads to deflationary depressions
see: the great depression
a currency backed by a consumable commodity is better because the equilibrium between the currency supply and the underlying asset can adjust to meet market conditions rather than being stuck with a fixed supply of gold

Gold standard won't come back, but ruble & yuan will become currencies of equal global importance as dollar, pound, yen and euro (as long as EU doesn't crash and burn).

Hoarding gold here serves as a show of stability with China & Russia aiming to buy gold to a level that they would combined have bigger reserves than US (8300 t supposedly)

Dollar will lose its dominant role as a no.1 world currency by 2030 and thats it. No grand conspiracy.
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That said, no western country is buying any gold since 1990, while Russia is buying 200t a year. They will surpass China this year, then France, then Goymany by 2020.

usdebtclock.org/gold-precious-metals.html

>as long as EU doesn't crash and burn
Looks like there's something that'll be happening soon, what with Poland refusing refugees and the rest of Europe demanding sanctions

It's just an unnecessary middle man

Then we will again revert to using Germany's currency as a main continental trading currency, no matter how it's called.

The people that have it fuck you too much when you need to go to war.

Too many people regardless.
Divide by 300+ million whatever you got.
Then to each their share based on current wealth.
Pure insanity.

>Hey poll tell me whats wrong with the gold standard.
If there's a disaster such as nuclear war or a collapse of the world as we know it gold would be worthless. It's only value comes from people's willingness to buy it at a high price. Oil is necessary for a modern society to function(untill someone has the balls ro introduce an ethanol alternative) water and grain are necessary for survival. All three are examples better than gold.

Yeah, just start over. Great idea.
And you want to do it with the shit for brains we all have in power across the globe?
No fucking way, Jose.

Removing the gold standard is great if you want to create money based on nothing. Only reason U$dollar has lasted so long is because it got tied to oil