Gold Price Wiki
What is the value of all gold mined on Earth in the history of mankind?
Our national debt is around 13 trillion U.S. dollars. In the entire history of mankind, all the gold mined in the entire planet is worth $ 5 billion at current prices of gold. Our national debt is approaching three times the value of all gold mined by humanity in world history. No matter who has it, the fact is that this would be impossible to ever return to the gold standard. Now we are stuck with the floating of the currency and the Federal Reserve. Do you think this happened by accident? http://en.wikipedia.org/wiki/United_States_public_debt Duke What then is the difference between a split system and the fiat system? Sooner or later, someone the paper dollar is "backed" by gold, in the minds of fools. Only simpletons want the gold standard anyway, so what would be the fractional system?
No, this did not happen incidentally, a carefully laid plan by the powerful bankers who defrauded the world to get off a backing "currency and fiat money that we are all stuck with now. Bearing in mind that once upon a time in half ounce of gold was worth $ 25US ($ 25 coin gold coin that the U.S. currency) making $ 50 an ounce, gold is now value $ 1,223 an ounce or http://www.goldprice.org/gold-price.html 24 times its value then. Inflation, these bankers loose, makes the difference. Could be wrong, but I think if we still had a currency backed the national debt would be 1/24th of what is now? Of course there would be some inflation, no matter what supported currency, but not at this level fiat money. And one last comment on my point of view on inflation, it seems that was what the bankers had when they planned the whole This secret meeting in Jekyll Island, GA http://www.bigeye.com/griffin.htm But he did not realize that the more you do anything, including money, less is better worthwhile. That's why gold and silver has "value" is a limited supply of things. Banks, in full cooperation with economic idiots like 0bama, they must there until the U.S. dollar the ball is equal to Zimbabwe, at which point 3 eggs cost> http://www.telegraph.co.uk/telegraph/multimedia/archive/00780/zimbabwe-100-billio_780169i.jpg and their great wealth evaporates into nothingness.
Currencies are moving to Gold Standard!
