So Many Questions
Here is a collection of three articles, that have no connection with each other other than having been written on the same day. Gold Till the early 1970's, the US Dollar was backed by Gold. That is, the Government guaranteed that they would give you a certain amount of Gold in exchange for your dollar bill any time you asked for it. If the Government wanted to print money, they had to buy and store more gold. An echo of this much loved system survives in the use of the phrase "Gold Standard", for that was exactly what it was called. Nixon broke the US dollar from the Gold Standard, in order to be able to print more money more quickly to finance an expanding war and shrinking economy. Printing more money neither won the war, nor did it fix the economy. However, it did lay down the template for future abuse of governmental power. Harry D. Schultz, a popular investment consultant has this to say about Gold. ...but in my view we should fight for a pure gold standard, th