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Dollar Backed By Gold?

Discussion in 'Legal & Political Archive' started by 2ndDefendsThe1st, Nov 20, 2014.

  1. 2ndDefendsThe1st

    2ndDefendsThe1st Salem, Oregon New Member

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    Is the American dollar backed by gold? What do you think?
     
  2. IronMonster

    IronMonster Washington Opinionated Member Diamond Supporter

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    Um, Nope. Not even a little.
     
  3. bnsaibum

    bnsaibum Corvallis, OR Well-Known Member 2015 Volunteer

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    o_O
     
  4. OLDNEWBIE

    OLDNEWBIE State of Flux Well-Known Member

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    Nixon stopped that I believe.:s0094:
     
  5. bnsaibum

    bnsaibum Corvallis, OR Well-Known Member 2015 Volunteer

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  6. OLDNEWBIE

    OLDNEWBIE State of Flux Well-Known Member

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    I think this is a money issue, although it's not debatable. We've been off the gold standard for some time.
     
  7. MTpockets

    MTpockets Oregon Well-Known Member

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    Pretty sure it is backed by the Chinese.



    edit: Would like to add that it is also backed by a strong population of firearms owners.:)
     
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  8. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

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    It isn't even worth the INK that it's printed with, and it's backed by hot air.
     
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  9. Dyjital

    Dyjital Albany, Ore Flavorite Member Bronze Supporter

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  10. 2506

    2506 Seattle Well-Known Member

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    China wants to keep the value of the dollar high to make its own currency cheaper by comparison. That helps China's exports to the U.S. seem more affordable, which helps its economy grow. That's why, despite China's occasional threats to sell its holdings, it's happy to be America's biggest banker, and largest foreign owner of U.S. debt.
     
  11. OLDNEWBIE

    OLDNEWBIE State of Flux Well-Known Member

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    Gun ownership does have a stabilizing affect on the Country I believe, therefore we have a relatively stable Dollar. The Govt. powers won't allow failed banks/wiped out bank deposits or mass inflation if they can help it against an armed Citizenry. They have a lot of tricks to make people believe our paper is solid and so far it's been working despite a few hiccups.
     
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  12. Just Jim

    Just Jim Well-Known Member

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    The dollar is currency used to buy products. The value of that currency changes due to the way government runs our system. For instance what was the cost of a Colt SAA when they first came out and what is the cost today? In 1990 you could buy a Colt Hbar for $630 Nib. IN 1980 you could buy a new Colt SAA for $450 or a Colt government model for $400. Government controls the currency and it's value.

    Gold is manipulated just like currency, lots of suckers out there that get fear peddled to them to buy gold and silver.
     
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  13. 2506

    2506 Seattle Well-Known Member

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    Colt SAAs are outpacing inflation, Colt Government Models and HBARs are not. If you bought either the Government $400 or the HBAR for $650 in 1980 and sold them today--you lost money, sadly.
     
  14. Martini_Up

    Martini_Up NW USA Well-Known Member

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    Brass, copper and lead. You can never go wrong investing in these precious metals.
     
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  15. usagi

    usagi Redmond Well-Known Member

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    what does this thread have to do with firearms?
     
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  16. 2506

    2506 Seattle Well-Known Member

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    I'd say brass, copper, and lead have a whole lot to do with firearms.
     
  17. 2ndDefendsThe1st

    2ndDefendsThe1st Salem, Oregon New Member

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    I knew the answer to this question question before I posted it. I wanted to see what other people thought I posted a comment. The dollar is backed by nothing. It is not even worth the paper it is printed on.
     
  18. Dyjital

    Dyjital Albany, Ore Flavorite Member Bronze Supporter

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    China only has Japan beat by a little bit.

    Sadly though the US Taxpayer is burdened with 126 trillion in unfunded liabilities. Equating to 1.1 minion per taxpayer.

    Control the currency and you control the minions.
     
  19. Joe Link

    Joe Link Portland, OR Well-Known Member Staff Member Lifetime Supporter 2015 Volunteer 2016 Volunteer

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