Good Morning gwr1 et.al.

I too like, and appreciate Jim Rickards, but I guess I also fall into the "Doubting Thomas" category.

"Show me how you arrived at your conclusion to satisfy the QED, and I will be 100% on side".

When it comes to a new price for gold-backed U.S. $'s, suggest the first order of business is to audit the gold-holdings of the U.S. and to prove the following;

1. The amount of gold.

2. The gold belongs to the U.S. people, and unencumbered by outside claims (I still have a nagging suspicion that the private owners of the FED have some kind of claim against the U.S. gold)

3. The gold is pure and not contaminated.

Second order of business is to have an accurate account of the quantity of U.S. $'s in circulation, both physically and digitally.

The total U.S. debt, unfunded liabilities etc. imo, have to be included in the above total, and also a complete reconciliation of the value of the government-owned or backed derivatives.

Yes, there are counter-parties, but if the value is neglegible? and they still are recorded at market-value, they need to be "cleaned up", especially those that the U.S. government is directly responsible for.

In other words, if a new gold standard is to be agreed to, let's do it right, for a change.

Good Luck to all!