Why should we return to the gold standard?

It's really the only way out of our never ending public debt.

Regards.

The current standard is based on nothing, so returning to the gold standard would make the currency worth more than it's current price, (i.e. say, now it's worth .25 cents on the dollar, under gold it would rise to 100 cents)

Yes, we would have less dollars to spend but they would buy more. Believe it or not, I remember when a dollar was worth almost a dollar. One could spend $10.00 and buy food for a week, for 4 people. A loaf of bread cost 10 cents and a chicken was 29 cents. Can you imagine a meal for 4 people costing less than half a dollar?

The gold standard was dropped so the Federal Reserve Bank could create more currency and Congress could spend more, but all it did was raise prices and reduce the value of the dollar. Returning to the gold standard would help the people by giving them more spending power per dollar, even with less dollars.

OK, I agree with you. The US Constitution required that all monies be minted of gold or SILVER bullion. Obviously, silver carries a lower value. If institutional transactions were conducted in gold, and ordinary monies werre minted in silver, it would eliminate the vast majority of the financial problems that we see plaguing the entire world today. I shudder at the thought of a single global currency. It smacks of the New World Order in obvious and overt apparency. I will have no part in such rampant disregard for American Sovereignty. I see you are more than likely British by the way you quoted in tonnes and kilograms, and if I am correct, I think you ought to heed the words of Daniel Hannon. The body politique of the EU is an entirely corrupt institution, and it is only becoming more glaringly obvious by the day that global domination is the intent of such organizations, and of the sort of men who suggest them as any sort of practical solution.

No. A return to the gold standard would cause a devalution in many currencies worldwide and potentially drive inflation through the roof around the globe. It would also put the power with the nation with the most gold per capita which in fact is India. There would be a governmental made rush on gold recovery and preservation which would in turn cause short term global caos. You think regional wars are bad now. Watch what a return to the gold standard would cause.

Go to www.sickofchange dot org to be heard.

The gold standard is a decent idea; the whole point of gold is to retain value. But like you said, it's not good idea, and I agree with you 100% unless I was hoarding loads of gold/silver. A more rational idea would be to make every central bank print money at the pace of inflation.

We should return to the gold standard so that our paper confetti called "money" would actually have some value.

As we stand now, that confetti has no value. What it does convey is a measure of debt, our paper bills are IOU's.

We are exchanging debt, not wealth.

Fractional Reserve Banking - Making money from money that doesn't exsist. Does this make sense to a rational person?

Yes absolutely we should return to the gold standard.

Return to gold standard?

No. Our best bet is to adopt no money at all. And instead base reward off work. Money with NOTHING but the governments(state) OK behind it.

We are a self sufficient country, and this would greatly improve our economic conditions at home. It would take away our foreign trade capabilities though. Which would leave us out of most wars, and leave most countries to not deal with us.

Because money would then have 'In Gold Payable to the Bearer on Demand" instead of "In God We Trust" written on it.

Should not return.