>>5109079 pb
>>5109085 pb
>>5109092 pb
Reposting one time cause, ya know, when Q's posting nobody seems to notice
The history of the gold standard in the United States began in 1900. The Gold Standard Act established gold as the only metal for redeeming paper currency. It set the value of gold at $20.67 an ounce. Before that, the United States used the British gold standard. In 1791, it set the price of gold at $19.49 but also used silver to redeem currency. In 1834, it raised the price of gold to $20.69.
https://www.thebalance.com/gold-price-history-3305646
The price of gold has almost always been fixed, even now though they pretend it's not.
If we went to a currency redeemable in gold we would need a near zero trade deficit or all the gold would be shipped to China.
We may well be amassing enormous amounts of gold through:
https://www.federalregister.gov/documents/2017/12/26/2017-27925/blocking-the-property-of-persons-involved-in-serious-human-rights-abuse-or-corruption
Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in:
(i) the persons listed in the Annex to this order;
(ii) any foreign person determined by the Secretary of the Treasury, in consultation with the Secretary of State and the Attorney General:
(A) to be responsible for or complicit in, or to have directly or indirectly engaged in, serious human rights abuse;
(B) to be a current or former government official, or a person acting for or on behalf of such an official, who is responsible for or complicit in, or has directly or indirectly engaged in:
(1) corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery; or
(2) the transfer or the facilitation of the transfer of the proceeds of corruption;
When gold ends the fed the value will be fixed at just over the cost of production and currency will not be redeemable for gold.
The gold is for confidence in the full faith and credit of the USA