You can fondle the cube, but it will not respond.

You can fondle the cube, but it will not respond.

the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be about $9.6 trillion. Call this cube pile A.
Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?

though Rasmussen did find that 57 percent of likely voters agreed with the gold standard after they were asked this follow-up question: “Many say that adopting the gold standard would dramatically reduce the power of central bankers and political leaders to steer the economy. If you knew that returning to the gold standard really would reduce the power of central bankers and political leaders to steer the economy, would you favor or oppose returning to the gold standard?” However, framing the question like that is hardly a neutral wording of the question.

Embracing unorthodox tax plans

The Republican field is filled with potential candidates who have called for radical overhauls of the tax code, the abolition of the IRS, an end to the Federal Reserve central bank— and even a return to the gold standard.

From Politico

Unorthodox is polite for crank. Fair discussion, far more fair then I would be.