Imgflip Logo Icon

Ready to Return to the Gold Standard?

Ready to Return to the Gold Standard? | HOW OFTEN DO I WEAR A GOLD TIE? WWG1WGA; MY BIRTHDAY WISH TO COME TRUE BY INDEPENDENCE DAY? | image tagged in the golden rule,federal reserve,jfk,donald trump approves,qanon,the great awakening | made w/ Imgflip meme maker
10 Comments
[deleted]
5 ups, 6y,
2 replies
The amount of gold we would need to buy to EVER return to the gold standard would crush our economy.
[deleted]
3 ups, 6y,
1 reply
[deleted]
2 ups, 6y
See, I keep telling them they need to hurry up on whatever it is they think is going to happen. That's, what, three weeks away?
2 ups, 6y,
1 reply
Not only that, but that would call for stabalizing gold prices in order to use it as a standard.
There's way more profitability in the fluctuations of it as a commodity, so even it it could have been possible, there's, well, no money in it.
[deleted]
1 up, 6y,
1 reply
I don't even advocate its use as a commodity, frankly. Gold doesn't actually do anything other than be shiny, which makes it entirely an exercise in pure speculation.
2 ups, 6y,
1 reply
Gold is beautiful (I collect coins). There is gold in your device, as it does have many industrial uses.
[deleted]
1 up, 6y,
1 reply
Aye, these days it gets used as electroplating, which backs up some of its value - but a small amount.
2 ups, 6y,
1 reply
But it's purdy, though silver tends to appeal to my eye better.

All the world's mined gold together would fill merely the base of the Washington Monument.
There's my fun fact for the day.
[deleted]
2 ups, 6y,
1 reply
Didn't know that!
2 ups, 6y
I almost left it out because I figured you already did.
Created with the Imgflip Meme Generator
IMAGE DESCRIPTION:
HOW OFTEN DO I WEAR A GOLD TIE? WWG1WGA; MY BIRTHDAY WISH TO COME TRUE BY INDEPENDENCE DAY?