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Old 05-15-2011, 05:58 PM   #245
Arkie
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Join Date: Oct 2003
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Quote:
Originally Posted by alkemical View Post
May I ask a question?

What sort of "correction" would happen by switching to a gold standard in economic terms?
If the Fed backed the entire M2 money supply with all the gold reserves in the treasury, it would make gold about $35,000/oz.
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