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Do you believe the US dollar should be backed by gold again?

  • Of course.. That will give value back to Dollar, and keep it there..

    I agree with both of you guys,.. Nothing else to say..It would be a good thing if the Us dollar was backed by gold.This would allow the dollar to retain its value which would only fluctuate with the value of gold.This would also gain respect around the world in an economic sense because international allies could rely on a stable value... The reason why the US dollar has fallen in the previous years is because it has nothing to be backed up by. When it is backed up by the gold, the strongest currency to date, it will always remain strong in dollar value and people all over the world can benefit from using the dollar.

  • It would be a good thing if the us dollar was backed by gold.

    It would be a good thing if the Us dollar was backed by gold.This would allow the dollar to retain its value which would only fluctuate with the value of gold.This would also gain respect around the world in an economic sense because international allies could rely on a stable value.

  • The US dollar should be backed by gold

    The reason why the US dollar has fallen in the previous years is because it has nothing to be backed up by. When it is backed up by the gold, the strongest currency to date, it will always remain strong in dollar value and people all over the world can benefit from using the dollar.

  • Only if other currencies are as well

    Taking the dollar off the gold standard was a mistake, I believe. However, if we go back to it now, we will be wildly out of step with other nations, and this is a dangerous precedent since we are such a huge economic power. It will also result in some quite catastrophic inflation from what I have seen.

  • No, the US dollar should not go back to gold.

    If the US dollar were to be backed by gold again instead of the current system, gold would be used to much for the wrong reasons of today. Gold is an important resource for medical science and computer science. If these resources were to be taken up to hold value for a person's money, then it would likely be harder and more expensive to use such a resource.

  • It isn't practical

    The gold standard would have been an interesting thing to have seen continue to this day, but now, due to the huge amount of currency floating around, there simply isn't enough gold in the world today, let alone in the US, to back that much currency in the economy today.


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