Gold Prices Per Ounce Us
If we return to the Gold Standard today that gold worth $ 40k per ounce?
Someone told me yesterday that we (the U.S.) can not return to the gold standard because it would put the price of gold at about $ 40,000 per ounce. Can anyone confirm this?
Yes, you are right. If the U.S. wants to return gold standard gold price may go approximately $ 45,000 per ounce gold plate. Not all the simple equation of money we have, divide by the total gold U.S. central bank. If the U.S. public took the gold as it did in 1933 then the central bank may have more gold. If all countries are for the standard gold, then the price of gold may go beyond $ 60.000 an ounce of gold. I think we are moving towards this situation. Now the U.S. dollars is lost value, then pound will lose value. And now, all countries can follow the same path, because all countries have fiat money means no a backup. I think near or later, in the future all countries should have to go for the gold standard or commodities (including gold) and all fixed gold coins. And the price of gold will remain floating on the world market. I think this works. Something rigid method can only work. where all countries be linked to commodities. In this system no devaluation at all, no need to change currency. All currencies are currencies. We failed in the pattern gold, because we had only gold standard for what did not work. From the year 1810 to 1910 on all countries have silver or gold standard so there was no inflation at all. That was really the golden age in history. This system not only because of two world wars, in western countires europium echange lose his gold in his arms. If all countires adopt monetory stystem same, then there will be no failure.
$1000 per oz for silver
