Replies to post #727876 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I think I understand the idea of a gold standard when the price of gold is fixed

(not sure I agree with it - but understand it)

But when the price of GOLD is market based ---- how is it possible to link the number of dollars to the amount of gold in weight

are we richer as a nation when the price of gold is bid up
are we poorer as a nation when the price of gold is bid down

?