A penny for your thoughts.

Originally Posted by Crash Landon

Unfortunately, the gold standard, the basis upon which our currency is given trade value, is based entirely upon the power of 1%. Internationally, the price of gold does not always remain rounded off to the nearest nickel. It rises and falls by pennies each day. In a given year, its value may experience, for pure example, a $0.23 gain.

Yet what happens when the value of gold is rising by percentages of one, while our prices increase by percentages of five? Inflation, that's what. The net gains of gold would be unable to keep up with the disproportionate cost increases in goods and services. Inflation weakens the American dollar, and it also cuts the net value of our gold reserve. We have to accept that gold is priced on an international market; if it's based upon domestic markets, our currency has absolutely no representative value overseas. Therefore, the system by which the price of gold rises and falls should dictate the system we use to represent our gold reserves. That system is a Base 100 set, not a Base 20.

The United States, like most economically modern countries, hasn't been on the Gold Standard for years.

Maybe you should take an updated economics course

Jam it back in, in the dark.