2006-08-07 06:26:24 · 5 answers · asked by Zoner 2 in Business & Finance ➔ Investing
Nothing...since 1933 we don't have a gold standard for our money. The term for this is "fiat money".
Take you dollar to the bank and ask for gold in return and they will laugh. Do that 80 years ago and you would get 24.75 grams of pure gold. Not any more.
2006-08-07 06:33:15 · answer #1 · answered by dm_dragons 5 · 0⤊ 0⤋
our system is based on 'fiat' money.....
it's no 'real' value at all but our whole system depends on the existence of 'debt', if there
was no debt, we'd have no money.
did u know that the federal reserve is a privately owned entity?
Ronald Reagan even called the system 'unconstitutional'.
ever hear of the Rothchilds?
how about the Luminati?
there is a 'theory' that our present monetary system will crash and actually go back to a gold standard lol
2006-08-08 19:50:02 · answer #2 · answered by Sizzle Pizzle 3 · 0⤊ 0⤋
first talk about gold price which fluctutes at a rapid rate.presently ocmparably over 40 years it increased to more than 250 times compared to $S.So firstknow about the gold price and then link with ur money.rase and fall for a petty little gold even lossesare there,retail purchase to be done only watching the trend ,For bulk business one has to gain once ,and loose once.
2006-08-07 06:36:49 · answer #3 · answered by Bhahagyam 4 · 0⤊ 0⤋
I have hear, but an not sure if this is accurate that the dollar is worth about 4 cents.
2006-08-07 06:56:22 · answer #4 · answered by Mr. Knowitall 3 · 0⤊ 0⤋
1/686th of an ounce.
2006-08-07 18:35:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋