The price of gold is at an all time high, while the value of the dollar is plummeting, causing horrible repercussions for the US economy. From estimates I’ve heard the US gold reserve has at least $150 billion in gold. Why doesn’t it put part of that (say $50 billion) on the market to simultaneously lower gold prices and raise the value of the dollar? I’m certainly not an economist and just wondering out loud, but it seems to make sense.
Shawnta
I know that Richard Nixon took the United States off of the gold standard in the 1970s. But how does this decision effect the stock market, inflation, and job security currently.
Sunshine
The Federal Reserve Board is free to change monetary policies as it pleases. Under the gold standard of one hundred years ago money could only expand if the amount of more gold came into the country. What are the advantages or disadvantages of the two policies?
Benita
