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Old 03-21-08, 02:59 PM   #5
DeepIron
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Join Date: Aug 2007
Location: Too far from the Pacific right now...
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The world currency foundation based on the price of gold has been a fallacy for decades. The printing of paper money far outstripped the ability of governments to redeem "value for value" paper currency for gold metal...

To quote the Wikipedia:
Quote:
"The gold standard is not currently used by any government or central bank, having been replaced completely by fiat currency. However, private currency, backed by gold, is in use."
Maybe we should be using Uranium or Plutonium instead...
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