Anonymous ID: 2e3710 Dec. 28, 2018, 6:56 p.m. No.4508407   🗄️.is 🔗kun

>>4507955

He's right.

 

The current M2 money supply: $14317.60 billion

https://tradingeconomics.com/united-states/money-supply-m2

 

US gold inventory: 258,641,878 oz

https://www.fiscal.treasury.gov/reports-statements/gold-report/current.html

 

Current gold price: $1280/oz

https://www.kitco.com/charts/livegold.html

 

So, 258,641,878 × 1280 = $331,061,603,840 worth of gold.

14317.60B / 331.06B = 43.25.

 

We would need 43 times as much gold as we have now to go back to a gold standard, or else we'd give the gold holders a MASSIVE windfall they don't deserve at the expense of every one else. Not gonna happen (sorry, guys).