Quote:
Originally Posted by GatorB
First of all all the gold the US would only pay of a very small portion of the debt. Secondly as soon as the US started flooding the market with gold the price of gold would drop thus earning the US even less money.
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im not so sure actually.
i think countries holding gold would be forced to buy it
or see their worth diminish
you could flood the market with 50k tonnes of gold...and 2-3 countries bought it all...i dont think the price would be affected that much