Originally Posted by IndyCA35
There isn't enough gold to back the currency now.

You reveal your ignorance. You can still buy a good used car for an ounce of gold, about as good a used car as you could buy with a gold-backed twenty dollar bill back in 1930.

You can still buy a gallon of gas for a tenth of an ounce of silver, about what you could buy with a silver dime in 1930.

That's all you need to know to understand that your statement is absurd.

All they need do is reinstitute "Free Coinage," which means you give the Treasury Department an ounce of gold and they will give you a one ounce US Gold Coin, or a new gold-backed Twenty-Dollar Bill, at your choosing. Simultaneous with this, they would have to repeal the Legal Tender Laws. Voilà Done.