Here are some interesting facts:
The US gold reserve officially stands at 8,133.5 tons although it has never been properly independently audited. At USD 1,300/oz, this would be equivalent to 340 billion dollars. The total US money supply is about 17,000 billion dollars. For each "gold backed" dollar today, there is thus 49 unbacked dollars. The gold price would thus have to increase 50-fold to USD 65,000 if the US Dollar were to be fully gold-backed by 16 June 2021.
You can read the rest @
http://www.zerohedge.com/news/2016-06-16/gold-price-usd-65000oz-5-years
Of course, the US dollar isn't backed by anything other than the full faith and credit of the government, which everyone knows is worth absolutely nothing. It's all smoke and mirrors.
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