Showing posts with label Gold standard monetize roman empire aureus denarii silver Canadian Forces Private. Show all posts
Showing posts with label Gold standard monetize roman empire aureus denarii silver Canadian Forces Private. Show all posts

Tuesday, 17 January 2012

Will Gold Be Monetized Again? Can it? Should it?

Originally Posted by (Name Removed)
I seriously doubt that gold will ever be monitized again. There isn't enough gold, and there are way too many people on the planet.
Why wouldn't there be? There's an assumed 1.7 billion ounces of gold held in global reserves with 6.7 billion people. That means there's reasonably 1/4 ounce of gold for every person alive sitting in reserves right now. 

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