>If the U.S. dollar were fully backed by gold today, the price of gold would need to skyrocket to between $10,000 and over $180,000 per ounce to cover the current money supply (M2).
Where is all the gold? Every civilization in history worshiped gold and used it extensively. Each civilization conquered and gold taken by the conquerors until we get to the countries we have now. Where is all that gold? Thousands of years and hundreds of civilizations? Do we have it?