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ironeinstein

11/16/11 11:46 AM

#48663 RE: scubastevemd #48662

If we peg the dollar to gold, the price would be $50,000/oz. Since very few poor people have hordes of gold and very many millionaires do have gold stashed, how does this help the average joe who stuck his money in the bank?

Suddenly, the millionaires are richer and the guy with the savings acct got his money diluted.