...American FRN's(fed reserve notes) to purchase a single troy ounce of .999 pure gold? As strong as America's military forces are, not to mention our booming economy & zero unemployment, should it not take 900 or more ounces of .999 pure gold to purchase one FRN???
Sure, America is in debt to it's eyeballs but debt can be nitched out with a stroke of a congressional ball point pen. Like presto, debt gone America then owes our creditors nothing. Then America restarts the game once again. If the creditor nation(s) don't want to play the game America sends over her military to "discipline up" the renegade creditor nation until they want to play again. Then, the cycle just repeats forever. It's just the ole god's/mortals routine. It's working in Iraq today, so it will work in China tomorrow! What's your take on this gold being worth more than our military backed fiat paper currency?
Arnold S... I agree!
doubleol...I hope to God NOT!!!
Let things get bad enough and your theory may be tested.
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