Here is an interesting article with Greenspan. Originally a gold guy, turned fiat banker, now back to Gold. Sounds kind of like Darth Vader / Anakin Skywalker, turns to the dark side, then back to light side. haha!
http://www.zerohedge.com/article/stu...alan-greenspan
http://www.zerohedge.com/article/stu...alan-greenspan
QuoteDislikedif and when we do get a return to a gold standard there would be a need to reindex the monetary base to a real time equivalent price of gold, putting the price of the precious metal at about $6,300: "The US owns nearly 263m troy ounces of gold (the world's biggest holder) while the Fed's monetary base is $1.7 trillion. So the price of gold at which the US dollars would be fully gold-backed is currently around $6,300." And here you have people worried about day trading volatility...
Don't wish it were easier, wish you were better. ~ Jim Rohn