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SPDR Gold Shares Message Board

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  • Smokeskull Smokeskull Sep 4, 2010 10:28 AM Flag

    Gold is for widows and orphans

    So your theory is that we printed so much money that gold cannot be used as a currency to back it all. Therefore, since we printed so much money, gold is worthless and useless?

    Does that actually make sense to you?

    Here is an alternate theory. The whole world uses gold as money. We printed so much paper money that it will buy a whole lot less gold in the near future. There is zero problem backing paper money with gold. You just prefer to think it has to happen at the present value and not at $5000-$10000 an ounce as everyone here has been saying for years.

 
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