Seeking Alpha

Michael Fitzsimmons » Comments » Single Comment

  • Surprising Call for Return to the Gold Standard [View article]

    see the comments to Paul's article:

    seekingalpha.com/artic...

    on what the price of gold would be to back up every US dollar now on the market (over $10,000/oz). fact is: the US has printed so much money over the past years that going to a gold standard is simply not an option. either the price of gold would need to skyrocket, or, ALL the dollars bush has printed in the last 8 years to fund his insane fiscal and foreign policies (and then some) would need to be pulled from the market. either way, gold goes up and the US economy tanks. unsustainable. the US has already gone over the cliff on monetary policy. the only hope is a strategic, long-term, comprehensive energy policy:

    thefitzman.blogspot.co...

    combined with realistic tax and spend policies (pay-go).
    Nov 19 08:35 am |Rating: +1 -2
All Comments by Michael Fitzsimmons »
Comments by Ticker
ABAT, ABX, ACPW, ADM, ADSK, AEP, AIG, ALTI, ANDE, ANF, AOMFF.PK, APA, APC, APD, AXP, AXPW.OB, BA, BAC, BAS, BCON, BCS, BG, BHI, BP, BRCM, BRK.A, BRK.B, C, CAG, CAM, CAT, CBAK, CDE, CEO, CHK, CHP, CLNE, CMI, CNP, CNQ, CNXT, CNY, COG, COP, COSWF.PK, CPST, CRNCY.PK, CRT, CSCO, CUD,
Michael Fitzsimmons'
Comments Stats
706 comments
Rating: 540 (1357 - 817 )