Comments on: Requiem For The Dollar: Mourning The Gold Standard http://www.disinfo.com/2009/12/requiem-for-the-dollar-mourning-the-gold-standard/ alternative views, news & information—online, video and print Wed, 08 Feb 2012 01:34:32 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Charles DeYoe http://www.disinfo.com/2009/12/requiem-for-the-dollar-mourning-the-gold-standard/comment-page-1/#comment-3400 Charles DeYoe Sat, 05 Dec 2009 18:46:17 +0000 http://www.disinfo.com/?p=16461#comment-3400 I understand the theoretical value of having money backed in something of objective value. But gold doesn't really have an objective worth - it's rare and a gold standard could help prevent inflation but that's about it IMO.<br><br>I mean if the dollar was absolutely worthless and the US becomes some nightmare poverty world having some gold won't help. If you're starving to death would you rather have an ounce of gold or a can of beans?<br>(Basically I just want to say that in the face of total economic collapse, I don't think a gold standard would save us.)<br><br>Then again, economics have never been my strong point... I understand the theoretical value of having money backed in something of objective value. But gold doesn't really have an objective worth – it's rare and a gold standard could help prevent inflation but that's about it IMO.

I mean if the dollar was absolutely worthless and the US becomes some nightmare poverty world having some gold won't help. If you're starving to death would you rather have an ounce of gold or a can of beans?
(Basically I just want to say that in the face of total economic collapse, I don't think a gold standard would save us.)

Then again, economics have never been my strong point…

]]> By: Charles DeYoe http://www.disinfo.com/2009/12/requiem-for-the-dollar-mourning-the-gold-standard/comment-page-1/#comment-35561 Charles DeYoe Sat, 05 Dec 2009 17:46:00 +0000 http://www.disinfo.com/?p=16461#comment-35561 I understand the theoretical value of having money backed in something of objective value. But gold doesn't really have an objective worth - it's rare and a gold standard could help prevent inflation but that's about it IMO. I mean if the dollar was absolutely worthless and the US becomes some nightmare poverty world having some gold won't help. If you're starving to death would you rather have an ounce of gold or a can of beans? (Basically I just want to say that in the face of total economic collapse, I don't think a gold standard would save us.) Then again, economics have never been my strong point... I understand the theoretical value of having money backed in something of objective value. But gold doesn’t really have an objective worth – it’s rare and a gold standard could help prevent inflation but that’s about it IMO.

I mean if the dollar was absolutely worthless and the US becomes some nightmare poverty world having some gold won’t help. If you’re starving to death would you rather have an ounce of gold or a can of beans?
(Basically I just want to say that in the face of total economic collapse, I don’t think a gold standard would save us.)

Then again, economics have never been my strong point…

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