Babe, can you explain what exactly is wrong with any of this? I <3 to make folks like you who worship currency out to be the commies you truly are. I will give you a hint at this: gold bugs and anti-inflation wackos tend to be the anarchistic type who hate gub'mint yet worship and demand a gub'mint store of wealth. Do you see it, commie?
P.S. The Federal Reserve system is by far the greatest invention of democracy. Nothing comes close to supporting the creation of wealth that the fed has. #Bernanke4Prez2016
first of all, if the guvmint has gold in a vault, that's not mine. The gold in my pocket is mine, and I make every decision that relevant to it's value. If I trade a gold coin for a roll of toilet paper, that's my business, and it's none of the guvmint's business.
It is essentially the same private decision when you consider a roll of toilet paper, even if it's printed green and has dozens of security codes embedded along with a chip that is directly monitored by the guvmint constantly, to be "money". you trade it for something you need more.
Gold is the ultimate un-guvmint form of money, and has historically been pretty negotiable.
"anti-inflation wackos" is an interesting slur. Inflation is a form of theft which targets old folks living off reverse-mortgage payments or other fixed retirement plans like social security. As long as you are working, you can go beg for a raise, every hour on the hour, if inflation is really great.
