May 10th, 2010
mr.effie asked: Die Hard: With a Vengeance was on TV today and it got me thinking, what would happen to the price of gold if an extremely large amount of it was stolen from a federal (or international) reserve? Would it plummet, skyrocket or stay the same? What’s your reasoning?
What people are saying makes sense, the price of gold would probably remain the same.
However what would be interesting is what would happen to the price of the dollar. Paper money is just a representation of gold in the reserve right? If that gold is not there then the paper that represents it is now worthless is it not?
danna
Posted in Economics | 7 Comments »