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The question of course is how much gold does the US Government have? Given that Ft. Knox has never been properly audited. What a great question - Why in the world would the US Government, currently the world's largest debtor, hold on to physical reserves of gold? (that it confiscated from private...
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http://seekingalpha.com/article/190560-a-greek-fable-about-the-gold-standard Does it matter what kind of currency you use when you are spending irresponsibly? Wouldn't there be enormous inflation if Greece had its own fiat currency right now to monetize its debt and pay for deficits? Lastly does...