All About Gold » Economics http://goldinflorence.com Gold Discussion Board Tue, 27 Jul 2010 08:48:11 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Why dosen’t the US sell part of its gold reserves to raise the value of the dollar? http://goldinflorence.com/694/why-dosent-the-us-sell-part-of-its-gold-reserves-to-raise-the-value-of-the-dollar/ http://goldinflorence.com/694/why-dosent-the-us-sell-part-of-its-gold-reserves-to-raise-the-value-of-the-dollar/#comments Tue, 09 Mar 2010 16:42:00 +0000 http://goldinflorence.com/?p=694
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
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]]> http://goldinflorence.com/694/why-dosent-the-us-sell-part-of-its-gold-reserves-to-raise-the-value-of-the-dollar/feed/ 3 How do we have a monetary system that is not a function of some mineral, aka gold? http://goldinflorence.com/717/how-do-we-have-a-monetary-system-that-is-not-a-function-of-some-mineral-aka-gold/ http://goldinflorence.com/717/how-do-we-have-a-monetary-system-that-is-not-a-function-of-some-mineral-aka-gold/#comments Wed, 09 Sep 2009 17:31:06 +0000 http://goldinflorence.com/?p=717
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
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]]> http://goldinflorence.com/717/how-do-we-have-a-monetary-system-that-is-not-a-function-of-some-mineral-aka-gold/feed/ 4 The gold standard and the freedom to change monetary policy? http://goldinflorence.com/530/the-gold-standard-and-the-freedom-to-change-monetary-policy/ http://goldinflorence.com/530/the-gold-standard-and-the-freedom-to-change-monetary-policy/#comments Sun, 14 Jun 2009 11:39:36 +0000 http://goldinflorence.com/?p=530
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
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]]> http://goldinflorence.com/530/the-gold-standard-and-the-freedom-to-change-monetary-policy/feed/ 3 What was the benefit of removing the gold backing to American currency? http://goldinflorence.com/511/what-was-the-benefit-of-removing-the-gold-backing-to-american-currency/ http://goldinflorence.com/511/what-was-the-benefit-of-removing-the-gold-backing-to-american-currency/#comments Fri, 05 Jun 2009 03:01:16 +0000 http://goldinflorence.com/?p=511
What was the benefits(intended or actual) in removing the gold standard from the U.S. dollar?

Also, what happened to all of that gold?

Zenobia

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]]> http://goldinflorence.com/511/what-was-the-benefit-of-removing-the-gold-backing-to-american-currency/feed/ 4