The Instigator
Pro (for)
The Contender
Con (against)

Gold Standard

Do you like this debate?NoYes+1
Add this debate to Google Add this debate to Delicious Add this debate to FaceBook Add this debate to Digg  
Challenge Expired or Declined
ramramgeorge either declined this challenge, or never responded to it. If you are ajg897, login to see your options.
Voting Style: Open Point System: 7 Point
Started: 3/31/2015 Category: Politics
Updated: 7 years ago Status: Challenge Declined
Viewed: 9,309 times Debate No: 72671
Debate Rounds (3)
Comments (6)
Votes (0)




I am pro for the gold standard, Americas money does not lie in purchasing power but it lies in credit which can be changed by a large central bank.Your very simplistic argument of 'to much money, to little gold' is not sufficient to dealing with economic affairs of the country.The key ideal we are looking at is inflation rates, very simple idea, more money = less purchasing power, less money = more purchasing power.Do you not think that it is sad that the amount of money surpasses the amount of gold in the United States? I do not believe gold should be the only metal used to back up are currency, silver and platinum should also be used.Keep in mind that the federal reserve loans money to the federal government at a intrest rate and then the citizens have to pay the money back via. taxes, Would you want to pay your taxes to a bank which can print money freely and manipulate credit and inflation as they please, or a bank that is spending money wisely and not loading citizens with perpetual debt that could never be paid off because they cant just print money there money needs worth.We can keep are national currency and low inflation rates, I hope you accept my debate.
This round has not been posted yet.
Debate Round No. 1
This round has not been posted yet.
This round has not been posted yet.
Debate Round No. 2
This round has not been posted yet.
This round has not been posted yet.
Debate Round No. 3
6 comments have been posted on this debate. Showing 1 through 6 records.
Posted by Martinz 2 years ago
What is the value of gold?

Aside from the fact that William Jennings Bryan gave the now famous, "Cross of Gold" speech; A gold standard for currency is simply unworkable. The US has gone from each bank issuing it's own currency to a Gold Standard to a Silver Standard to a Federal standard. One of the biggest advantages that the US economy has is a common currency across many individual states.

Silver at least has some value in photographic processes. Gold is only valued because it is traditionally valued. Any value that gold might have can be easily accomplished much more cheaply with lead. The heavy metal poisoning that lead produces can also be produced with gold. Gold just looks prettier.
Posted by BillyG 3 years ago
"How would you provide gold to 300 million people? " 300 million people; where did you get that number from?
Posted by Schwanton 3 years ago
the point of the Gold/ precious metal standard is not to get rid of money, It is to change the current system so that the US dollar has backing in some amount of precious metal. For instance, You could say that 5 dollars is a quarter sized amount of silver and stuff like that. Quarter size of gold? 500 dollars. You give the dollar a set amount that it is worth and then no longer change it. This should go a long way to stabilizing the economy.
Posted by SourceBaker 3 years ago
Without gold money has no real value. You just pretend that it does. Others, More objective and less biased ones, Prefer to live in reality rather than fantasy world.
Posted by Youngastronomer 3 years ago
How would you provide gold to 300 million people?
How would banks do this?
Posted by asta 3 years ago
If Gold was the system of currency, how much would 6.25 g (about the weight of a Quarter) of gold be worth? Wouldn't it be worth more than the amount of money needed for daily transactions (about $500)? A piece of silver the size of a coin this big would b worth about $5. This seems too expensive.

Money on the other hand, allows people to artificially determine how much money a dollar is worth, irrespective of how rare it is because it's rarity, unlike that of metals, can be controlled.
This debate has 6 more rounds before the voting begins. If you want to receive email updates for this debate, click the Add to My Favorites link at the top of the page.

By using this site, you agree to our Privacy Policy and our Terms of Use.