How To By Gold

Frequently Asked Questions

1. QUESTION:
   How long has the Dollar not been backed by gold?
   Did you know that the Dollar is not backed by gold ? It's worth is assumed by the American public. I want to know for how long this has been happening?

   • ANSWER:
     The legislation that ended the gold standard was the Gold Reserve Act of 1934.
     A complete discussion of this act is available at the link below:

     http://www.answers.com/topic/gold-reserve-act

     Did you know that there is no currency anywhere in the world that is still backed by gold (including Switzerland)?

2. QUESTION:
   Who is out there that still believes the money is backed by gold?
   It hasn't been backed by gold in decades -- It isn't so much they lied to you it is just you weren't important enough to bother informing

   You could have checked on your own and they would have told you ..... but if you weren't informed enough to ask the right question the upper echelon believed it was your own fault you chose to live in ignorance

   Now -- how many people still believe that the money in your pocket is anything other than fiat currency pulled out of your national central bankers bottom ?

   • ANSWER:
     It's also not printed by the government.

     The Federal Reserve is independent of the government.

     The government does make coins though (US Mint)

3. QUESTION:
   Why were explorers in the 15th and 16th century motivated by Gold to explore?
   God Gold and Glory is what motivated explorers, but gold was obviously the main motivation. Can anyone help me find specific examples of why it was, and tips on how to organize these reasons so it will turn out to be 3 full length typed pages (double spaced)

   • ANSWER:
     to run a kingdom it requires money and manpower (soldiers generally). Servants and slaves also. This requires money to pay and feed the support staff. (kinder words for servants and slaves) The armed units are the ones you do not want to annoy.

     In the time of world exploration thre where many wars and land grabbing going on..

     So to fund all this, you can a: conqueror a neighboring country or B: send ships out to look for valued resources such as gold and trade able items. Countries funded these trips at lower costs looking for a Hugh return on their investment.

     Use the usual Columbus example and how he was turned down a few times before getting the funding and why.

4. QUESTION:
   We are arguing about ranking by gold or total medals. How about using point counts to decide?
   It works like this: Gold-5 points. Silver-3 points, and bronze-1 point. Could anyone tell me the ranking of US and China up to now using this method? I am just too lazy. Thank you.

   • ANSWER:
     If you use this point system with today's medal count, you would get the following:

     China:

     41 Golds = 205 points
     17 Silvers = 51 points
     25 Bronzes = 25 points
     TOTAL = 281 points

     US

     31 Golds = 155 points
     36 Silvers = 108 points
     35 Bronzes = 35 points
     TOTAL = 298 points

     I completely agree that we need to implement a point system so that we stop having this argument. We need to recognize all of the medals won, but we need to give them different values. Gold is obviously better than silver or bronze, but they are still worth something.

5. QUESTION:
   How much O2 does a regular fish tank water plant produce compared to oxygen consumption by gold fish?
   I basically just want to know how many small water plants I should put in my fish bowl to provide a decent amount of oxygen for my fish to live on, rather than putting in an air pump. Plants just seem more natural, and it would be kinda cool having a mini ecosystem in my fishbowl. lol.

   • ANSWER:
     A bowl huh? I don't know how many plants. Just put in whatever will fit. Make it look good. Everything should be just fine then.

6. QUESTION:
   What if money was backed by gold and platinum?
   How much could potentially be available to put in reserves to back the money??
   library of codex............whatever you say.....lol
   jehen...........Yes I understand that. But at least you couldn't print money like it grew on trees.

   • ANSWER:
     I don't know. How much gold is there and how much do central banks hold?
     But before Nixon closed the "gold window" countries settled their trade accounts in gold. This kept the US dollar stable relative to other currencies and didn't allow for the currency speculation that occurs now.
     The benefit to us was that the dollar was the reserve currency that other countries could settle their debts in as it was backed by gold.
     Ending the gold standard created fiat currency (currency on demand) that you can't do with gold backed money because you have to have the gold.
     Many feel that gold backed currency won't happen again until this present system totally collapses and a new one is formed. And in this insane system of debt and money creation, gold backed money is just too inflexable to work.
     But if we tried to go back, we would hit a wall as the only thing we have going for us at the moment is that other countries are still holding our greenbacks as reserve, for the moment. We just don't have nearly enough gold or anything else of value left in this country to back our currency. It is a joke.
     Bush began to purposely push the value of the dollar down while claiming to persue a strong dollar policy, another of his little lies.
     And the money creation to try and keep the banking system from collapse will push it down even more.
     The system is going to have to fail and then a gold backed or some other system will rise from the ashes.

7. QUESTION:
   How to get the U.S. dollar to be backed by gold again?
   Currently the U.S. dollar is backed by faith. Has any country successfully moved back to a gold standard?
   In studying the U.S. Constitution, and in light of the economic disaster, it should be plain to see that every State is violating the basic Law of the land -- and if States would go back to obeying the Constitution in this one matter, it would likely lead to an eventual reversal of the economic disaster.

   Some days when the market has a "rally" many other currencies still see it as a drop. Why? Dollar value dropping.

   • ANSWER:
     For some bizarre reason the myth of the currency pegged to the gold or silver price just refuses to die, although there is no rational economic argument to support the gold or any other commodity backed currency!

     The fundamental problem with the gold standard is the Liquidity Problem: there has to be an increase of the money supply as the economy grows. The money supply should roughly grow at the same pace as the general economy grows. The Bretton Woods currency system, which was the last remnant of the gold standard, collapsed in the 1970s because there was simply no reliable mechanism to increase the available gold reserves to keep pace with the growing world economy.

     Even before most countries abandoned the gold standard before the World War II, the monetary policy was highly dependent of the discovery and the mining of new gold reserves, resulting in out of control monetary policies.

     To quote Eichengreen how the gold standard contributed to the Great Depression of the 1930s: "Problems with the gold standard contributed directly to the collapse of output and to the increase in unemployment that began in 1929. [ ] The collapse of output and employment had preceded so far that the gold standard could no longer be supported. Once its provisions were finally removed from the international scene, economic recovery could commence."

     A return to the gold standard, advocated by some ketchup economists left behind by time and reality, would throw the economy into cardiac arrest, into deflation and a recession far worse than what the world has seen so far.

8. QUESTION:
   was the money that was printed out recently back by gold?
   i don't get it...can money be printed out of just plain air, or does it need to be backed up by something like gold or diamonds or precious metal...how does money that is newly printed have merit?...it has to be back up by something right?

   • ANSWER:
     we havent been on the gold standard since nixon

     printing money out of thin air is a good way to inflate the dollar and make it worth nothing. all you need is a printing press.

     the federal reseve bank loans us our money...they send the bill to the treasury dept. they print the paper money, and the us taxpayers pays interest off of every dollar bill that is printed. it is illegal (unconstitutional) and the federal reserve has been counterfeiting our currency since 1913. the constitution says that "only gold and silver are to be used as legal tender" and that congress is to coin our money...NOT a private bank full of international banksters that fund both sides of our wars and refuses to answer to conress or be audited. IN fact, they will not even disclose where our nations gold is.

     the federal reserve is the root cause of our economic crisis. all nations come to an end when their currency is destroyed. it is a historical fact.

9. QUESTION:
   Is it possible or realistic to have our American dollar backed again (by gold or silver, etc)?
   How would this be accomplished? If it's not possible, why not? please go into detail because I am very interested in learning it all. Economists welcome to answer! (as is everyone)

   • ANSWER:
     America went of the Gold Standard in either 1971 or 1972. It was ultimately precipitated by the British Ambassador showing up at the Treasury and withdrawing a sizable portion of the nations bullion in payment for Federal Reserve Notes. The Treasury had lost about 33% of its gold from the end of World War II until the collapse of Bretton Woods. It simply had to go off gold or risk getting so close to the legal reserves that you could have had an economic collapse.

     The gold standard was the cause of the Great Depression, all the other "causes," were really manifestations of the gold standard's effects. The nineteenth century was filled with depressions and boom periods. They were triggered by the supply shifts of precious metals and not real variables such as production changes or harvest changes.

     The problem with gold is that it is difficult to transport and supply is very inelastic. If we were on gold right now, under our current banking crisis, we would be facing certain collapse or we would be forced onto a "fiduciary," standard where the country left gold, but with the stated intent of going back.

     Right now, China holds about trillion in Federal Reserve notes. The entire American banking system only has about billion in reserves. If we went back to gold, even at a high gold to the dollar ratio, China's ambassador would simply show up at the Treasury and withdraw our entire gold supply. I am sure there would be nothing left. They are holders of the largest single global supply of American currency. If they wanted to they could simply place a bid for a trillion dollars in oil and they would get the entire market. No one beats a trillion dollar bid! No one, even the US government, has that much financial power, other than China.

     The positive side to this is that China pays the United States about 40-50 billion dollars per year in seigniorage tax by holding those dollars in their country. That is about equivalent to every citizen of China paying in tax to the United States every year. With gold, that could not happen.

     There are positive sides to gold, but we are in no financial position to switch back to gold.

10. QUESTION:
    10 points, this question is for those who want to abolish the federal reserve and back money by gold?
    if you have read harry potter you will know that they use gold as money

    do you think that is a reflection of just how logical gold as money is?

    even in a magical world, nothing is more honest and stable than gold

    i'm not saying the author purposefully but did it subconsciously, i

    think if anybody wrote a story , especially a fantasy one, gold is

    the only money they would use

    i think that is a reflection of our attitudes towards gold as money

    • ANSWER:
      Well in Star Trek, the Ferengi's measure their wealth in gold laced Latinum?

11. QUESTION:
    is there a full version of 99 red balloons by gold finger in english?
    i know that its in english but on a grand turismo 3 the whole song is in english most peope have heard the version that is in most english but the last part is sung in german if you know tell me how to get it

    • ANSWER:
      I'm almost certain there isn't. I've never found one anyways. There is only the half English half German version. The only full English version is Nena's version from the 80's.

12. QUESTION:
    how to avoid gold/silevr/platinum jewllery from being detected by gold detetctors?
    i have heard robbers using detetctors to steal precious jewellery , any trick they can be foooled?

    • ANSWER:
      Install a burgler alarm.

13. QUESTION:
    How many doctors are taken by gold diggers as soon as they graduate from medical school?
    I swear, I know a lot that get snapped up and marry more quickly than other guys my age. They are so stupid, it's so obvious. Many of these women aren't even good-looking, they just lavish a lot of attention on these guys and latch on like parasites. Usually these guys have no street smarts, so they don't see through these women. I'm seeing it now as a young guy, and I'm seeing the old guys with their horrible marriages to used-up party girls. I've heard quite a few doctor's kids tell me the SAME story of how their dad married a party girl because they were stupid and got into a nightmare marriage.

    I'm just wondering what the statistics are for guys that marry out of medical school or even in it. I bet they're quite high!

    • ANSWER:
      Latest statistics show 89.42%, up from last years numbers of 88.291%, of those numbers, 99.27% married women with big breasts and pouty lips.

14. QUESTION:
    how can money be backed by gold?
    Money used to be backed by precious metals such as gold, but since the Nixon administration, it's only worth the paper it is printed on. I don't understand how this works...how can it be "backed" by gold, and how is it only worth the paper it is printed on if the paper is nearly worthless? i mean, what do they base it on? and how did they bring about the change? Who were the parties that drove this change?

    any suggested books/movies that explain this are helpful thanks

    Thanks

    • ANSWER:

15. QUESTION:
    If the U.S. Currency is not backed by gold, what guarantees that the money is even real?
    When the U.S. Currency was backed by gold, you knew there was something there supporting our monetary system. Now that American money is not backed by gold, how do we keep things balanced? How do we know money is worth anything besides just its weight in paper? What's to keep it from just collapsing? Thanks!

    • ANSWER:
      To answer your question, absolutely nothing.

      If the Treasury department decided to print mass amounts of paper money and devalue the currency, there really isn't anything we can do about it. The only thing that makes American currency of value is the fact it is backed by the full faith and credit of the US Government.

      Backing a currency with gold or any other precious metal doesn't make a currency more valuable per se. What it does is keep a country from over producing its currency and devaluing it from over production.

      If you are interested in what would happen if currency were over produced, do some research on Nazi Germany at the end of WW2. They kept printing paper money to the point it was worthless. People would get paid every day because the currency would be worth less tomorrow.

16. QUESTION:
    How will the world economy change if scientists find a way to synthesize gold (or any precious metal)?
    A lot of currencies are backed by gold or silver, the way I understand it. What happens if we find a way to just manufacture those metals? Are we just going to go to the next valuable natural resource or something? What if we find a way to make those, too?

    • ANSWER:
      Few currencies are actually backed by precious metals in anything more than a symbolic relationship at most. Needless to say some method of synthesizing precious metals would collapse the precious metals markets as a means of investment. The economies of any nation that depends upon precious metals exports would do down the tubes of course. Countries whose economies lean towards the consumption end of those metals would probably suffer minimal ill effect and may even prosper in some sectors.

17. QUESTION:
    How high will gold go before Dec 31st, 2010?
    Many economics are predicting higher gold prices because of the amount of money the Federal Reserve is pumping into our economy. They also say that other nations (G20) are actually behind the scenes planning on converting over to a new global currency via Special Drawing Rights, and this will in part be backed by gold to be a stable currency. So given this information, how high will the price of gold soar by Dec.31, 2010

    • ANSWER:
      If I knew, I would be buying like crazy. Or selling like crazy.
      Seriously, switching to a global currency would require an amendment to the US constitution. It ain't happening.
      Having said that, about 40% of my investment portfolio is in precious metals right now, and that is because the events that triggered the current recession have done long term damage to the US dollar, and I think gold at 50 per troy ounce at the end of 2010 is reasonable.

18. QUESTION:
    Can you explain how Gold prospectors could find gold by using the technique below?
    Gold is a very dense, unreactive metal. Old-fashioned gold prospectors used to 'pan' for gold in streams by scooping up small stones from the stream bed and washing them in water, allowing them slowly to get washed out of the pan.

    • ANSWER:
      It's just the heaviness of the gold that makes this work. Gold is heavier than anything along that stream - so it will settle into the bottom of the pan as you wash the gravel. A more organized prospector would use a sluice box with little boards nailed across it - and as the water would run down there, gold would get trapped behind the little boards.

      But probably plenty of gold was lost back into the stream.

19. QUESTION:
    What is the basis by which RBI issues new money into the economy?
    say if the PM wants to buy 5MIG's from France, does he just approach the RBI who print say 5 crores and give it to him to pay Sarkozy for the same . Who decides how much money should be in circulation .How is the money backed? is it by gold reserves? where are the reserves held ? surely not in Fort Knox.

    • ANSWER:
      1970....nixon abolished gold reserve and the world followed . Ron Paul, an aspirant for 2012, says fort knox is empty.

      the world economy has entered a new phase and has abolished the classical economic theories in secrecy.

      the currency fliow is what any country's apex bank approves AS BRANCH OF WB. The base is very complicated but mostly relies on growth potential of the country above all, so mostly speculative. the procedure is to print bonds, sell them and call that input as asset in lieu of gold reserve and let the currency flow.

20. QUESTION:
    How many are buying Gold and Silver?
    With the "New World Order" taken shape faster with Obama, the dollar is in serious free-fall. The only true currencies are the ones backed by gold/silver. If the dollar falls and the Fed monetizes debt, hyper inflation will make it worthless. What are you doing to protect your wealth?

    • ANSWER:
      Krugerrands. About 00 each today, about 0 twenty years ago. Portable, safe, easily convertible. But, keep a Glock handy.

      .

21. QUESTION:
    grab a gold by globe, how many hours to return the regular gold given on each game?
    grab a gold by globe, how many hours to return the regular gold given on each game? because when i reach 1k gold it become 1 gold only given per each level, how long i need to wait to return it to 6 gold per level?

    • ANSWER:

22. QUESTION:
    How to make maroon and gold icing?
    How do you make maroon and gold icing for cupcakes?
    And by gold I mean yellow gold not gold as in the gold coins and stuff.
    If possible please include the number of drops that I need to use

    • ANSWER:
      wrong section

23. QUESTION:
    How does ridding the deficit sound by using all remaining money, and creating tons of fake $ for the citizens?
    What if citizens could pass around fake money or money backed by rice or barley and such, and not that of silver and gold, and instead giving all the real money or money backed by gold and silver toward the national deficit to pay it off. Would wars not end this way, counter global warming techniques could be funded, and everyone could become very equally rich.

    What is your opinion?

    • ANSWER:
      There are a few things wrong with your question.

      First, money is no longer backed by anything. Not gold, silver, barley, rice, or anything else. Money is backed by the fact that people trust in its value. For that reason, there is no reason to change the system as it wouldn't change anything.

      Second, even if money was backed by gold or another real asset, changing the system to money backed by barely wouldn't help. The currency would still be the currency, and changing what backs it would not change the fact that we still owe what we owe as a country.

      Finally, I am tired of hearing, as the other answerer said, that this is some giant conspiracy of the Federal Reserve to help out banks. The supply of money is NOT controlled by the Fed (though they do have a very strong effect), and they are also not setting interest rates to help banks. They set their rates the way they do to help the economy as a whole. Yes the richest get the biggest benefit (in nominal terms) when the economy does well, but that does not mean that the whole country does not benefit either! If the Fed was not doing it's job, you would not be able to go to Best Buy and get your TV and not have to pay anything for a year at low interest. The reason you are able to do that is because we have low inflation and stable prices. These are very complicated issues that people study for years to get good at. Not all of them agree on everything, they come from every political party, and every walk of life, but all of them agree on one thing, and that is that the Federal Reserve is not engaged in a giant conspiracy to help their banker buddies.

24. QUESTION:
    Any Serious Tips on How To Make The Color Of Gold By Mixing Paint?
    Trust me, I tried. And I wasted half an afternoon and a lot of paint and couldn't get it right. I came close to the right color, but couldn't get the 'sheen' or 'sparkle' from my blended paints.

    It pisses me off when I have to admit there are some things I simply can't do. After fighting my ego I finally I gave up and headed to Dick Blick's and bought a jar of the stupid stuff. Both Liquitex and Golden have 'Gold' paint, but it ain't cheap. Still, it was cheaper than wasting paint trying to get the right effect.

    So, in case the need should ever arise again, how would you mix the right colors (with acrylics) to get the shinny gold effect?
    Joy, what I didn't have is any iridescent white or iridescent anything. This I'll keep in mind and keep some in stock.

    Dragonfly, I did try both mixing Orange Oxide (which came close, with a touch of White and Naphthol) and both Yellow and Orange Ochre. Even using Mars Yellow (with Yellow and White) came close. But without the 'sheen' that I probably could have gotten with a light mixture of an iridescent medium. But I didn't get that far because I was getting pissed off at myself.

    • ANSWER:
      Sorry, Wats -
      you can get the colour right, but the metallic part is actually metallic particles... you just can't burp that up from nowhere.

      Here's what I do - invest in some iridescent white, and use that to add to any colour to make metallics. And don't be so dam cheap, man!

      

25. QUESTION:
    Does the possession of considerable quantity of gold by women help the economy of a country?
    Women invest considerable money in gold.Even 'hand to mouth' living poor women,who live below poverty line,have gold.How this gold help them?

    • ANSWER:
      I don't think it can help the economy of a country rather it will reduce the savings and investment of economy. I will call it just a hoarding i.e. unproductive retention of an asset because gold is a thing of consumption for them, not an investment. i am pretty sure that they will never sell it even in rainy days but exceptions are always there. it is transferred from generation from generation. if it were an investment for them, then why the consumption of gold has increased in India in few years from 800 tonne per year to 1000 tonne per year even at high prices.

      it is my opinion but my teacher told us three years before that if all the people including men and women in India sell their gold possession, our country will get rich.

26. QUESTION:
    How is the investment in Gold And Silver?
    I am Investing in Gold and Silver and alternative currencies (Money backed by gold and silver)
    The American Liberty Dollar http://www.libertydollar.org

    And I have been making Great Money I would like somebody to share their Experience or Opinion.

    • ANSWER:
      could u please email me and tell me how u do it? i am a young investor and i want to make alotta money before 22 could you help a fellow out? thanks i would greatly appreciate it

27. QUESTION:
    How to calculate the percentage of gold (by mass) in the mixture?
    You have a piece of gold weighing 9.36g. Its volumes is .657 cm^3 Assume that the metal is an mixture of gold and silver. which have densities of 19.3 g/cm^3 and 10.5 cm^3, respectively. Assume that there is no change in volume when the pure metals are mixed.

    • ANSWER:
      Let g stands for gold and s stands for silver. therefore
      g+s =9.36...................i
      v1 and v2 are their volumes and d1 and d2 are their densities
      v1 +v2= 0.657............ii
      v1d1+v2 d2=9.36
      19.3v1 +10.5v2=9.36.....iii
      Multiply ii by 19.3 and solve with iii
      19.3v1 +19.3v2 =12.6801........iv
      subtract iii from iv
      8.8v2=3.3201
      v2 =0.37728409..............v
      Using ii and v
      v1=0.27971591..............vi
      g=v1xd1=0.27971591x19.3=5.398517063gm............vii
      s =0.37728409x10.5=3.961482945 gm......................viii
      Therefore gold is ={5.398517063/9.36}x100=57.676%

28. QUESTION:
    If our currency was backed by gold and/or silver, how would that work?
    I know that the following figures are not quite accurate, but let's just say...
    If goverments or central banks have about 50,000 TONNES of gold = approximently 1.5 billion ounces of gold, AND
    let's just say there is about 150 trillion US dollars equivalent of all the currencies in the world.
    Then.. if these calcualtions are correct, this would make each one ounce of gold worth 0,000. (I suppose if they did something like this, they could make a 1/10th of an ounce coin , and then each 1/10th of an ounce would be worth ,000 an ounce) . And then use silver and other metals like nickel copper for smaller denominations.

    There still could be credit cards, paper money to back it so we don't need to lug around all these coins, and electronic wire transfers etc.(and we could turn our paper money in for the gold if we wanted to.) So nothing would actually be disruptive to our monitary system to the general public, except our money would just be backed by a REAL asset.

    Also, I heard a guest on Bloomberg News yesterday saying that they mine about enough new gold each year that it actually keeps up with the growing population of the world.

    What do you think of this senario? Or, do you have another senario of how it could work? Or do you have a reason why it wouldn't work?

    • ANSWER:
      you got it right

29. QUESTION:
    How many people are offended to know that USA currency is NOT backed by gold NOR silver?
    Ya! deleted my last question because it was offensive. I hope not to be offensive this time around.

    The USA dollar is not backed by gold nor silver deposits. The USA dollar is backed by the FEDERAL RESERVE, who has pledged the 'full faith and credit of the USA" in the ability to pay. The federal reserve is a PRIVATELY OWNED COMPANY. The USA dollar is CORPORATE PAPER.

    They create the problem, and then they have the solution.

    If the USA Treasury began printing their own money backed by USA gold and silver deposits, the federal reserve will go bankrupt overnight.

    They create the problem, and then they have the solution.

    The word AMERO would be a good google right about now.

    NWO

    I hope I did not offend.

    • ANSWER:
      I am. Printing currency with no backing is fraud. Inflation is an increase in the supply of currency or available credit. If it was not for the Federal Reserve's printing of fiat currency, we could still buy bread for a nickel, homes would cost about ,000 and we could be much more competitive in the global market, but because of the Fed's inflation our currency has become worth less and less. I've linked to an inflation calculator in my sources. Try it. See what a dollar was worth in these important years.
      1800: the earliest date on the calculator.
      1913: the year the Federal Reserve was granted the monopoly on the printing of currency.
      1972: the year Nixon ended the Bretton Woods agreement, severing the final tie to gold.
      2008: the latest year on the calculator.
      It is interesting to note that the dollar actually increased in purchasing power between 1800 and 1913. It began losing value after the inception of the Fed. The loss of value really began to skyrocket after 1972.

30. QUESTION:
    If money isn't even worth the paper that its printed on and is not backed by a single oz.of gold, then..?
    why is it illegal to make counterfeit money? They tell us its because the counterfeiter can destroy the economy. And that its because of this that our government fears counterfeiting even more than they fear communism.

    But how can this be true if money has absolutely very little or no value at all??

    Consider for a moment, if money was backed by gold, then money would be worth something right? But since it isn't backed by a single oz. of gold, then it has no real value and thus more money can be printed and put into circulation among the people. If money had value, then would the treasury-mint be able to produce vast amounts of it? If money was backed by gold, then would people still be able to win literally millions by playing the lottery?

    And so again I ask the big question, why do we have such sever penalties for counterfeiters if money has no real value?

    Ten points for the best answer!
    Billy Blaze: Ah, its you again. You were chewing on last time because I was arguing about the pointlessness of voting, LOL! Gold may not be entirely valuable in industry, but it is an excellent conductor of electricity and is used extensively in computers as it is a reliable conductor of the medium. Still, I do appreciate you taking the time to answer my question, thumbs up!
    Chris: Good answer, but even though theoretical is a proper way to describe money, I prefer to say that it gravitates a little more towards the realm of imaginary. I personally perceive money as being an imaginary thing which is imagined to have value. Since this is the case, money is then a powerful motivator.
    Uncle Pennybags: I don't understand how money will become worthless if counterfeiting it will not make it unstable. I honestly don't see how money can become unstable (whatever that means) and I don't see how counterfeit money can really hurt our economy if real money has no value.
    Deenie: http://www.dailypaul.com/node/73920

    • ANSWER:
      Money is only worth something because we all believe it is.

      However since we do, the money supply must be kept stable and with integrity. Flood it with counterfeit, and it will become worthless.

      UPDATE: Here's how it becomes worthless. Imagine the total money supply for the nation is 0 Billion. I'm just making up a number, it doesn't really matter. Now imagine that folks can print their own money without reprisal. Soon you'll have 0 Trillion in circulation. Well, the supply of goods and services has not changed with it, so you'll have 1,000 times the money trying to buy the same goods and services. The result will be rampant inflation as the excess money bids up the prices. And when that happens, people just print some more.

      And we've seen this happen in history, even without the counterfeiting. Governments have printed lots of money to monetize their debt and pay for things, and what you wind up with is folks walking around with paper sacks filled with cash to buy a weeks worth of groceries.

31. QUESTION:
    How can I remove gold paper stuck to an MDF frame ? I have a mirror which had a gold effect frame, this...?
    .. effect was created by gold paper stuck to the frame. I've tried dampening with hot soapy water this has only removed the edge pieces. What can I use ? Once the gold paper is removed I intend to paint the frame with an enamel paint.

    • ANSWER:
      Do you know how the paper is stuck to the frame? If you let the paper dry, it may be worth trying to sand it off with a coarse grit sandpaper (depending on how thick and well stuck on it is.) Start with a really coarse grit, like 60.

      http://diydiva.net

32. QUESTION:
    I am going to saudi arabia and i if i buy gold how would i check for authenticity?
    I will be going to ummrah for 7 days and i might buy gold but i dont want to be cheated by gold smith so how can i or what shall i look for when buying gold for genuine gold.

    • ANSWER:
      Rub it on floor if its color gone dull thank its not pure Gold

33. QUESTION:
    how much energy is needed to raise the temperature of a 5.0g sample of gold by 25 degrees C?
    assuming the specific heat of gold is 25.6

    i got 3,200 but i dont think thats right

    • ANSWER:
      q = 5*25*25.6 = 3200 = 3200 J = 3.2 KJ, yes your answer is correct.

34. QUESTION:
    How much gold ( by %) is there in 24K? What other metals are usually combined with gold to create jewlery?

    • ANSWER:
      24k is pure gold. Jewelers often add silver and copper to gold because by itself, gold is easily marked.
      Also that is how white gold and yellow gold is made different. So when you see something that is 16k, that means there is 60% gold and 10k (or 40%) of another metal.
      The system comes from old Germanic coins made out of gold. The ones that were pure had 24 karats (their unit of measure for weight).

35. QUESTION:
    How to make money by gold stock?
    i own online 1 share of Gold corp on a website called sogotrade.com and the commission is per buy and sell.. i was wondering if any1 know how with just 1 share how can i make money off of it and is there another site or way to buy and sell stock without having to pay any1 commission.. now im a average african american which meanz i dont have much money all the time so if any1 got any ideas or suggestions reply back and if u wanna hit me up wit a long strategy them email me at BusinessEmail20@yahoo.com thanx.

    • ANSWER:
      Here is how you get rich.
      Don't pay any interest to anyone.
      Did you know with a 100,000 house you can end up paying almost 3 times the cost just because of all the interest you pay?
      Save up for your first house and put down as much as you can - then try to pay it off.
      Don't make banks rich by paying interest - make yourself rich.

      Never:
      Lease a car
      Rent furniture
      Get a timeshare
      Finance any jewelry - if you can't afford it- don't buy it.
      Finance a vacation
      Co-sign for anyone
      /
      /

36. QUESTION:
    KOI ARP BEING BULLIED BY GOLD FISH & CATFISH?
    I have a 12inch longfin koi carp in a 300litre tank together with 4 comet goldfish approx 6inches long & a 2inch common goldfish. Oh & one common goldfish 2inches long. The issue is my Koi is being bullied by all other tankmates, especially the pleco catfish & the 2inch common goldfish. I have temporarily removed the koi carp from the tank to give him peace. This started recently after i reduced food rations following an acute ammonia poisoning suffered recently, (they are still recovering). Am afraid of losing my Koi carp due to stress. How can i contain the situation? Please please assist.

    • ANSWER:
      You're tank is too small for those fish. Koi require ponds and ideally comets do too. If you don't upgrade or place them in a pond the tank will stunt their growth and kill them assuming the water quality doesn't get them first.

      Plecos are notorious for sucking the slime off of koi and goldfish. They also require heaters when goldfish do not. All in all a bad set up.

37. QUESTION:
    How should Creatine Power Mix by Gold Nutrition be taken healthily?
    I just bought a 1 kg container of Creatine Power Mix from Gold Nutrition. It was 32 euros so I want to use it and not waste it. But each serving has 40 grams of "rapid-absorption" carbohydrates. I wanted to know if all of those carbs should be added to the daily value and if there are any necessary diet changes I need to make the supplement effective and not gain weight or add too many calories. Here's the info site on the product:
    http://www.prozis.co.uk/product_info.php?products_id=49

    • ANSWER:
      If you don't want to gain weight, you should buy creatine by itself. Those carbs have but one purpose... to help you gain weight.

38. QUESTION:
    What's the best album from before 2000 that was never certified Gold by the RIAA?
    If you don't know how to answer this, just take a guess so my question doesn't fail.

    • ANSWER:
      Black Star

39. QUESTION:
    Can you/ How do you use real money (i.e., paypal) to by gold on runescape?
    My son is on runescape all the time and I thought for a cool Xmas gift I could get him some more gold for his account. I ran a search and saw that some people will use their account (runescape persona) to rack up gold, sell it with payment through paypal, then meet up with the person in runescape to complete the trade.

    My question is: Do people really do this? And: How can I tell if someone is scamming me? Any help appreciated.
    Guilty Spark?? Are you serious? Your name is from Halo and you're a pokemon freak and you're having a conversation with yourself. And you're talking about ME wanting to get my son something different for christmas??

    • ANSWER:
      This could result in immediate termination of his account. This is against the rules not to say against the law as well. They are selling gold that is not even there property. Everything in runescape is property to Jagex (owners of the game)

      I did this. I had to learn the hard way. They banned my account forever and I never regained it. You could buy him a 6 month membership.

      Yes they really do it. You pay them and you chat with them on line and they'll meet you up in the game. Like I said before though this is against the law and rules!

      Bottom Line:
      Not to be rude but if your son really enjoys runescape he would probably explain to you that he could get banned forever if you complete this kind of trade.

      Thanks,
      Dan

40. QUESTION:
    How come so many people think that the US's currency is backed up by gold?
    Ever since the 1970's, the US decided not to back money up with gold. Therefore, it's not backed up with anything. Period! What are they teaching these kids in school today?
    Really! A kid told me that his teacher was "teaching economics" in his class today and she said that "gold and silver backs up the currency to make it worth something." Ahhh! I couldn't believe my ears.
    I know that we have gold reserves but what I am trying to say is that we don't make it a standard policy to back out currency with it, so we are not using it at all right now. I am not saying that we may never have to resort to it in the future. It's just there at our disposal if we need it.

    • ANSWER:
      hmmm i think that i was only ever taught that its backed up w/ gold during past time periods in history. i think most kids just assume it still is

41. QUESTION:
    Where can I find the tabs,not chords, to the intro of Streets of Gold by Needtobreath?
    I need to know how to play the intro, i know what chords they are using but I cant figure out the in between notes. Is there a place where I can find the tab for the song?

    • ANSWER:
      www.ultimate-guitar.com always works for me. Sometimes it takes a bit of searching through the results to find what you want, but it's good. ALWAYS look for the five-star results. They're the best and most accurate.

42. QUESTION:
    How to verify or detect the percentage(carat)of purity in the gold by general/scientific method?

    • ANSWER:
      There is X-ray fluorescence instrumentation available to test the karat measurement of precious metals and finished jewelry. These machines allow a karat gold measurement without damaging fine jewelry.Some can also accurately determine the element composition of gold jewelry including gold, platinum, silver, paladium, rhodium and related alloys.

43. QUESTION:
    Since our money is not backed by gold. What decides how much our money is worth?
    Because, if you ask me, our money is worth how much we THINK it is.

    To me, your money is hardly worth anything. With gas going up in prices, and people still able to fork over all this money for gas, it's about time the poor and middle class wisened up, and realise that only the rich will be able to afford gas. So if money isn't worth anything to the poor, who will do the rich people's dirty work?

    The poorer the poor get, the less money is worth. I think the time is now.

    HORDE YOUR MONEY!!! This will force the government to print more, and bring itself into ruin. It won't matter how much money those elitist have, if we won't take it, and no one else will!

    • ANSWER:
      Since 1913, when the Fed was established, the dollar has lost approximately 95 percent of its value. A dollar just doesn't buy what it used to. By contrast, when the country was on a real gold standard, there was no long-term increase in price levels, as we have experienced for the past 65 years or so. In fact, price levels in 1929 were about the same as those in 1800.

      In addition, while the consumer price index, a major measure of inflation, increased a fairly modest 3.4 percent last year, pay and benefits increased only 3.1 percent—the lowest since 1996—meaning that people are not even keeping up with inflation.

      An even better gauge of inflation is the increase in the money supply. Rapid increases in the money supply have been going on for some time, but have been particularly sharp since the mid-1990s. In just the last nine years, the supply of M3—the broadest measure of money supply—has more than doubled. Note that when an individual tries to print his own money, it is illegal; when the government does it, it is monetary policy.

      What is the effect of pumping all this money into the economy?

      By flooding the economy with money, the government, acting through the Fed, is effectively reducing the value of all the existing dollars out there. There is a general rise in prices as the increased amount of money in circulation makes people feel richer (though this is an illusion). Banks reduce interest rates and extend more credit. Since credit is cheaper, people take on more debt. In recent years, many people saw housing prices rise and used their home equity to finance greater spending. Businesses borrow to invest in projects, particularly long-term projects such as new equipment and plant expansion.

      The trouble is the economic "boom" has arisen not through increased savings, but rather through the expansion of credit. Sooner or later, the bills will have to be paid and individuals and businesses will realize that their borrowing and spending are unsustainable. The longer the credit expansion caused by increasing money supply, the greater the distortion in savings (not enough) and business investment and consumer spending (too much), the greater the malinvestment in the economy, and the more severe the "bust" will be when the economy inevitably corrects.

      Last year, the personal savings rate turned negative for the first time since 1933, when the nation was mired in the Great Depression. The savings rate averaged 7.6 percent from 1929 to 2005, although it has been below that average now for 13 consecutive years. Household debt continues to rise. The divide between savings and consumption rates is growing. Add to this the emerging weaknesses in numerous housing markets.
      Boom-and-bust economic cycles are not mere happenstance; they are caused by inflationary monetary policies. Inflation reduces the value of money and thus erodes wealth. This is why it is often referred to as a "hidden tax." Easy money policies may make us feel richer in the short run (that is why they are so popular with politicians and Federal Reserve Board members), but they necessitate painful corrections in the longer run.

44. QUESTION:
    How long will it take to deposit 0.00235 moles of gold by the electrolysis of KAuCl4
    using a current of 0.214 amperes

    • ANSWER:
      Au3+ + 3e- >> Au

      0.00235 x 3 = 0.00705 Faradays

      0.00705 x 96500 / coulombs / Faraday = 680 Coulomb

      680 Coulomb / 0.214 coulomb/s = 3179 seconds

45. QUESTION:
    How to get get Habbo coins from gold? 10pts BEST ANSWER!?
    I have coins in tradeable mode. I want to make by gold coins not in tradeable, but on my account. I have a coin in by inventory but it says 0 coins...

    • ANSWER:
      To exchange your money into your account you have to first set habbo credits down. Next, you have to click on them multiple times until a box appears asking you if you want to exchange your habbo money (credits). Then pick yes. Unfortunately, you will be charged 1 extra coin for exchanging credits. I kinda didn't understand your question very well so I'm sorry if I didn't answer your question correctly.

      Hope it helped.

46. QUESTION:
    How is the medal count tallied: by most gold medals or by total medals?
    In order to determine which team wins the Olympics to they go by most gold medals or most total medals? Or do they even keep track of who "wins" the Olympics? Is the Olympics even a contest over who wins, or is it true that nobody cares who wins? In the past, was there some rivalry between the USA and the USSR, and if so, was there a way that they determined who won the Olympics between the USA and the USSR? Did they go by most gold medals or by most total medals?

    • ANSWER:
      correct!most gold and then so on.so a country can have more total medals but its the most gold and believe me everyone cares,its bragging rights for the next 4 years.

47. QUESTION:
    How Can I create a pokemon hack just like Pokemon shiny Gold by Zel?
    I want a step by step walkthrough, because really, I want to try his idea too... except I won't copy what he did...

    • ANSWER:
      You need a rom template and then you need the special download, but I can't find the link, sorry...

48. QUESTION:
    please tell me how to find out the percentage(karat)of gold by using chemicals.?
    I have got the hobby of collection of old coins.In my collections i have found a coin of 2 annas of indian coin(period of Emperor GeorgeVI) the goldsmiths are saying that there is only gold coating , but i am not satisfied by their answers.

    • ANSWER:
      Look here
      http://www.nationaljewelerssupplies.com/gold-acid-testing.html
      but realize that this will not test whether the thing is solid gold or plated, it will only test the plating for carat.
      What you need to do is accurately measure the density of the piece. You do this by first getting the weight with great accuracy (a coin is small so you are talking fractions of a gram. Then you fill a small container in a saucer to the rim with water, wiping up any that spills, and add the coin on a thread. The amount of water that over flows is the volume of the coin. You may have to collect it with a syringe to measure the volume.
      Density is weight per volume.
      This page gives density for pure gold (19.3 gm/ml) and for various carat weights, explaining the variation.
      http://www.24carat.co.uk/densityofgoldandothermetalsframe.html

49. QUESTION:
    This is a riddle. How do you tell between real gold and fake gold by weight?
    There are 10 bags of gold. One of them is fake. The only way to tell the difference between the fake and the real is that the fake bag weighs one tenth of one pound more than the other nine. You are allowed to make one weight measurement. What do you do to make the distinction? If you are correct the gold is yours!

    • ANSWER:
      put all the bags on the scale and take them off one by one

50. QUESTION:
    How to invest on gold by online?

    • ANSWER:
      Invest in Gold bees, which is available online.