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How much would the price of gold be if the $ was on the gold standard?
Archived Message
Posted by Keith-264
on April 28, 2020, 4:41 pm
https://seekingalpha.com/article/4043211-price-of-gold-u-s-was-still-on-gold-standard
With $1.5 trillion in circulation, that means each ounce of gold held by the U.S. government would need to be valued at $5228/ounce. Yet gold is currently trading at only $1229/ounce.
Message Thread:
How much would the price of gold be if the $ was on the gold standard?
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Keith-264
April 28, 2020, 4:41 pm
Re: How much would the price of gold be if the $ was on the gold standard?
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Gerard
April 28, 2020, 7:11 pm
Re: How much would the price of gold be if the $ was on the gold standard?
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Keith-264
April 28, 2020, 7:51 pm
Re: How much would the price of gold be if the $ was on the gold standard?
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Ken Waldron
April 28, 2020, 9:04 pm
Gold is money, not currency
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Sherwoodian
April 29, 2020, 5:08 am
Re: Gold is money, not currency
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Keith-264
April 29, 2020, 1:38 pm
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