If you're like me, you're concerned about our national debt. You're concerned that our debt is the highest it has ever been. You're concerned that it has gone over $12,000,000,000,000. That's a lot of zeroes. So, the main question is, how should we remove this debt? There are those who say we should sell our gold. After all, what's it doing for us? Just sitting around in a stockpile. So, shouldn't we sell our gold for the $288 billion that it's worth? Does anyone have a better idea? I think I do.
JUST ABOUT ANYTHING ELSE!!!
If anyone with intelligence has read this article over on Parade.com/gold they've more than likely noted a small flaw in its reasoning. We USE gold to BACK our money! Sure, gold used to be our currency and now we use paper and coins, but the only reason that is worth anything more than the materials used to make it (and in the case of the penny, it isn't even worth that much) is because of the gold it represents!
How would you like it if the government told you that you could have some gold any time you wanted to collect it, with an I.O.U. or something, and then sent the gold to another country? They don't have any gold now, so what exactly is that I.O.U. worth? Not a thing, because the promised gold is gone. This is the exact reason why “selling” our gold is the dumbest thing any government can do. It's been known to happen at times, specifically for paying the national debt, but where the debt is now we'd be throwing a stick at a brick wall and hoping to crumble it.
How dense must someone be to think selling our gold for “money” is a good idea? What exactly would our money be backed by? Silver? Gas would jump to $50 a gallon if not more. Simply mentioning selling our gold would show a significant lack in intelligence on the government's part.
Parade.com and all others who think this way need to pull their heads out of the ground and look past the small green I.O.U. in their hands. It's only paper, and worth so much more with the backing intact. While I do believe we should do away with our money, this isn't the way it should be done. Regardless how much gold we have or how much of it we're entitled to, the gold is needed for our current trade.
After all, it's a very good stick.
Posts
