It is too easy to say all the above, so you must choose one. I also do not vote on my own polls as I do not seek to sway opinion (This isn't Fox News).
Prevents ID Theft as gold leaves no paper trail
Limits government spending
Makes income untraceable to the IRS
Gives dollar full value
Other-explain
What is the biggest advantage of a Gold Standard?
It is too easy to say all the above, so you must choose one. I also do not vote on my own polls as I do not seek to sway opinion (This isn't Fox News).
Last edited by dude58677; 05-07-2011 at 05:33 PM.
I could have chosen "Limits government spending:, but it also keeps inflation from happening as easily. Gold and silver can not be manufactured, thus it limits the amount of currency on the market. The lower the amount of currency, the more valuable it is. Only something that can not be manufactured is reliable as a currency because it being scarce makes it valuable. There is no cheating by stamping something with ink and calling it money.
Edit: The concept of just weights and measures is a very old one. It still holds true today.
Last edited by Dr.3D; 05-07-2011 at 05:43 PM.
Keeps the government/fed from stealing from us, which incorporates a lot of the above.
A gold standard would not end the use of debit or credit cards - so the first option is not applicable. ID theft would be just as big of worry.
That's a big misnomer of the gold standard.
Even if everyone used gold coins - you would still deposit them into banks (for security and/or interest.) Banks could issue you debit cards to spend based on those deposits. Merchants would still accept the debit cards - if the bank was a trusted name.
That being said - limits gov't spenidng is my pick.
Last edited by TheNcredibleEgg; 05-07-2011 at 07:18 PM.
You can't print gold or silver!
silver is better-more real uses, like being an anti-pathagen, in roman times one silver coin was put in a jug of milk to make it keep longer
Stable money, the ability to plan into the future, and a gentle lowering of prices over time - everyone gets a raise. You know, the complete opposite of whats happening now.
Most of all, evil can't bail its self out.
Last edited by awake; 05-07-2011 at 07:22 PM.
thisOriginally Posted by steve005
I actually think we shouldn't have a "standard" people need to just go back to using real metal coins. and learn how to tell if fake, why melt a bunch of coins(silver rounds) and jewelery, to make new coins? lets use the old ones, one silver oz will be about 3 months labor, one gold oz will be about one month labor(yeah I think silver is more valuable)
I think two of the four are intertwined so as to be inseparable: Limits government spending and gives dollar full value. They are basically the same thing. The reason the dollar is devalued is because the government (in the guise of the Federal Reserve, a fascistic corporation) spends money. Even if it doesn't show up in the budget, they're still spending every single new dollar that is put into circulation, thus devaluing the currency.
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All of the above.
It puts real wealth in the hands of the people, not the government.
It prevents hyper-inflation.
It is NOT Fiat Currency.
It is impossible to counterfeit.
1776 > 1984
The FAILURE of the United States Government to operate and maintian an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
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