When you stop and think about it.... What usage does gold have today? Really? Aside from melting it into gold bars and storing it somewhere? I know it has some commercial uses in electronics. It's used as jewlrey... but I would dare say it's commercial use is not great. So... yeah, having a pile fo gold is usefull to trade IF someone else has the money and need to trade for gold. However, if you're more concerned about keeping the lights on and getting a bite to eat, obtaining US gold reserves is probably not all that high on your priority list. Oil on the other hand... it's kinda still in vogue. Every economy in the world except mabey... zimbabwe (perhaps) is basically built on the use of oil. With no oil it will grind to a halt pretty damn quick. I'm pretty sure that without gold most of us would survive pretty well.
The gold standard died a long time ago. Get over it. That's one thing the brits realized in the 1930's when the pound was at the end of it's reign. Now it's your turn.
...and while 'I' may well be wrong, the 'economists' of the world have a pretty stellar track record of being wrong too. I'm glad I don't listen to many of them.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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