RE: PM Prices Starting to Rise

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PM Prices Starting to Rise

in steemsilvergold •  6 years ago 

It could be a temporary patch, but any and every fiat currency in history has gone to zero value. So in the long-term it wouldn't work out either.

steemsilvergold
6 years ago by

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      ·  6 years ago 

    yes sir Blondie that's why when I heard that Trump's plan to tie the dollar back to a gold standard I was kinda hopeful but I haven't heard anything about that one for awhile.

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        ·  6 years ago 

      That wouldn't be able to happen until hyperinflation kicks in and the dollar price of an ounce of gold goes above $80,000+. Then, assuming the US hasn't gotten rid of it's gold reserves and actually has the gold it says it does... then it would be able to go back on it. It likely wouldn't though because that would limit its spending. Government doesn't like to be restrained.

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          ·  6 years ago 

        rats.

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