[carsongross]

@Locke1689

Would it? Gold has gone up nearly an order of magnitude in a decade. Has this caused your computers cost to go up dramatically? Are there industrial alternatives to gold? Would stability of the value of your currency be worth an increase in the cost of consumer electronics?

I know no right thinking person, especially with an elite education, would consider a gold standard.

All the more reason to consider it carefully.

[Locke1689]

Where are you getting your information? Gold in 2000 was about $400 inflation-adjusted dollars. Gold in 2010 is a little over $1500. That's not even close to an order of magnitude.

However, if you know that there are about 140,000 tons of gold in existence and somewhere around $9(M2) trillion in US money supply in existence, you do the math on how much gold would be worth.

The main point of my post was that this is such an obvious point that is not addressed, meaning that even the idea of moving to a gold standard is not well-thought out. Poor analysis is enough for me to dismiss the idea without a second thought -- only idiots play roulette with a nation's entire money supply.

[carsongross]

I've done the math and invested accordingly.

I'm being a bit hyperbolic, but $2000 gold is around the corner, and the bottom in the early 2000's was well under $400, depending on the market you look at. The move in gold has been hyperbolic. Have you seen that pass through to consumer electronics? Are there alternatives to gold for these industrial uses?

I agree entirely that only idiots play roulette with the nations's entire money supply, which is precisely why we should take the roulette wheel out of the hands of the money printers at the privately owned Federal Reserve.