I wonder alot on how Ron Paul is going to implement his plan? How is he going to make it affordable for poor people to buy gold? Gold is like 800.00 you know. Can you imagine a poor person trying to buy Gold just to buy bread? What about giving out change at your local circle k store? Do you think they are going give you change for an 800.00 dollar gold bar even if a poor person could afford it. Explain on how this is going to happen? How come Ron Paul does not go into the nitty details?
2007-12-02 14:09:57 · 11 answers · asked by Anonymous in Politics & Government ➔ Elections
i think you need to go back to school if that is what you think the gold standard is. i could go into the "nitty" details but you obviously don't care or don't want to learn
do a search on it
2007-12-02 18:56:24 · answer #1 · answered by Anonymous · 2⤊ 2⤋
He does go into the nitty details, especially compared to other candidates.
But he only gets so much air time dawg.
His plan is to have gold and silver back some of our currency to compete with paper money. He knows we have too much paper out there right now to fully go back to the gold standard, but he believes that a competing market with gold-backed money would strengthen the dollar.
2007-12-02 14:25:07 · answer #2 · answered by Gary W 4 · 4⤊ 1⤋
Nobody is going to "buy gold." The concept is simply that the US dollars will be "guaranteed" by gold, i.e., you can exchange them for some amount of gold.
If you look at old US notes from the 1930s, you can see that they were literally backed by silver, and called "silver certificates" ... http://www.answers.com/topic/silvercertificate-jpg.
The danger of unbacked money, in the most extreme case, is that you can have a crisis similar to what Argentina went through several years back, where the existing money was suddenly worth almost nothing.
2007-12-02 14:29:22 · answer #3 · answered by Lawrence C 2 · 2⤊ 1⤋
Switzerland has 7.6 million human beings whilst in comparison with the U.S.'s 3 hundred million. Switzerland has an entire border length of a million,852km, the U.S, has 12,304 km of land borders, and 19,924km of sea coast to defend. See the moderate difference in our circumstances? additionally, we've thoroughly diverse economies and geopolitical positions. Paulites neglect approximately all the realities and component at one small u . s . a . and declare we are able to be purely like them. we've worldwide desires and worldwide household projects. @i want solutions: whilst Jefferson wrote that, the U. S. became remoted from Europe via an ocean that took weeks to pass. The u . s . a . slightly reached around the Allegheny mountains. Will you admit that there are some moderate alterations between 1801 and 2011?
2016-12-30 10:13:30 · answer #4 · answered by ? 3 · 0⤊ 0⤋
He will have educated and talented people restore our monetary system to work like it should, where our currency is solid, backed up with a tangible commodity. Your concern about the poor not being able to afford gold is completely missplaced.
How did ANYBODY ever buy ANYTHING before the Federal Reserve was created? Answer: they used whatever money people had confidence in.
If you want the nitty gritty details, you will have to make an effort to learn them yourself, but unfortunately most people just want easy answers.
2007-12-02 15:01:16 · answer #5 · answered by freedom_vs_slavery 3 · 2⤊ 2⤋
If you want a complete explanation of one type of Goldmoney system click here:
http://www.goldmoney.com/
This system has been in operation for almost 8 years now.
They break the ounce down to fractions of a gram.
{31.1034 grams in an ounce}
One gram is currently worth over $25 dollars.
Before 1933 the dollar had kept it's value, which was set at 1/20th of an ounce of Gold. since 1792.......Using this system there was NO inflation for about 130 years.
At today's current Gold prices one dollar "Backed By Gold", would be worth almost 1/800th of an ounce of Gold,,,,,do you see how inflation caused by un-backed dollars has wrecked the value of everything priced in dollars?
And oh yes, Ron Paul wants to permit competing Gold backed currencies.....Please stay tuned!
Thanks for your question
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2007-12-02 14:39:12 · answer #6 · answered by beesting 6 · 3⤊ 2⤋
Remember thats 800$ per OUNCE. It would be small amounts of gold.
2007-12-02 14:22:23 · answer #7 · answered by Alex j 2 · 1⤊ 0⤋
That is really the million dollar question. The Democrats AND Republicans would be unified against his platform so it would be four years of nothing.
Why in heck people think a strong dollar is a good thing is beyond me. It has been artificially overvalued for years and is the main reason American businesses cannot compete in the world market. If it is allowed to find its natural place, the US will actually be able to sell things again instead of importing everything.
2007-12-02 14:31:33 · answer #8 · answered by Caninelegion 7 · 2⤊ 4⤋
You shouldnt be posting the same question over and over. But to learn, read the 2 books he wrote on the issue linked on my profile. They are free and in pdf format.
2007-12-02 14:29:01 · answer #9 · answered by vote_usa_first 7 · 5⤊ 1⤋
HAHHAHAHAHA!!!! I'm sorry, but I can't answer this question. I wish I had gold, but I am poor too.
2007-12-02 14:23:53 · answer #10 · answered by Anonymous · 2⤊ 1⤋