Posted 3 years ago on Jan. 30, 2012, 9:07 p.m. EST by vothmr
from Harrisonburg, VA
This content is user submitted and not an official statement
there is roughly 1 trillion dollars in hard currency in the US and 10 trillion worth of currency plus checkings, savings, money market, etc. the current US holdings of gold are valued at around 270 billion. so if you do the math, to convert it all to the gold standard, for every dollar you currently have, you would be entitled to 2.7 cents worth of gold. hows that for depreciation?