You logically pay the debt with the gold.

Keith

I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't.

Whenever politicians raise money through taxes, fees, or selling government property it is ALWAYS couched as a way to reduce debt. Then those same politicians spend $1.50 for every dollar they raise. The only way to stop politicians from spending is to starve them of money to spend.

More gold is being discovered daily,,,,,the supply is increasing

Yesterday morning on Bloomberg they were discussing trumps gold comments


I didn’t catch it all,,,,but what I heard was,,,,

The gold that the US holds is not valued at current prices,,,

If it was valued at current values, the debt picture would be very different

Wish I was able too get a replay on that particular segment but haven’t found it

you can't print more gold there is only so much. If your currency is Backed up with a hard assets it has value when it's backed up with it worth something because we say so and can be printed tell it's worth nothing. See a difference?

1oz gold used to be a $20 face value now its 3k in value. guess what is still the same value it just takes 3 k now to buy what $20 used to. The dollars are worth less and that's why holding cash in a low to no interest savings account or tucked away at home and not invested is not smart because it looses value each year. You need your money working making money at least at the rate of inflation.

Your bread reasoning is why I think ammo is more valuable than gold.

you can't print more gold there is only so much. If your currency is Backed up with a hard assets it has value when it's backed up with it worth something because we say so and can be printed tell it's worth nothing. See a difference?

1oz gold used to be a $20 face value now its 3k in value. guess what is still the same value it just takes 3 k now to buy what $20 used to. The dollars are worth less and that's why holding cash in a low to no interest savings account or tucked away at home and not invested is not smart because it looses value each year. You need your money working making money at least at the rate of inflation.
Your bread reasoning is why I think ammo is more valuable than gold.

I don't have an opinion on this but I do have a question... A dollar is worth a dollar because it's an agreed value. Gold is a precious metal but isn't it valuable also because it's agreed that it is? The Bible says in the end times a loaf of bread will buy a bag of gold. So at some point, bread will be more valuable than gold because it is needed more. So I guess my question is why is it necessary to back paper money with gold anymore? Everything is agreed value.. until it isn't.

Gold is one of the rarest elements on the planet.
The earths crust is made up of only .oo5 parts per million.

The earths crust is made up of only .oo5 parts per million.

When the SHTF gold is worthless, try trading gold for a hind quarter of deer meat and you'll get laughed at
I'd trade a whole deer for a box of 22 ammo though
Gold won't be able to feed you or keep you warm or safe when the grind goes down

94.6% of all figures are made up.