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Old 10-10-2005, 12:56 AM
Shannow Shannow is offline
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Join Date: Aug 2005
Posts: 311
Default Re: Bye, Bye Old Dollar Standard

freeman,
good link.

My point was that gold has no actual value, other than what we give it, so how does a "gold reserve" equate to real value ?

That being said, buying food by the calorific content, adjusted for minerals and vitamins...or clothes by the insulating value times the surface area, with adjustments for fashion/colour is impossible.

I don't see that gold is a replacement for the aforementioned piece of paper with a ferret printed on it.

However,
What is the value of a T.V. ?
Nothing, or its weight in gold ?
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