What would the effect on the economy be if gold became abundant?

[Vesayen]

For some reason, a large amount of gold comes into the world economy and continuously to enter into it, I could not say how, suppose someone figures out how to turn paper towels into gold and posts the easy to follow instructions on how to do so with house hold chemicals, on the internet.

What effect would a suddenly and continuing abundance of gold in the global/national economics have?

[Jon Miller]

Not much long term effect on most nations. It might confuse/upset a few of the crazy people though.

JM

[LordShiva]

Teh gold standard is dead, thankfully.

[Aeson]

There would be a huge number of "dives" taken in various finals in the upcoming Olympics.

[Grandpa Troll]

Might give a few +2 gold on plots of 2 gold..

Plus its **SHINEY**

(Shameless plug for DanQ our Canadian hero)

[Skanky Burns]

The price of jewelry not made with gold would go up.

[DanS]

Re: What would the effect on the economy be if gold became abundant?

Originally posted by Vesayen
For some reason, a large amount of gold comes into the world economy and continuously to enter into it, I could not say how, suppose someone figures out how to turn paper towels into gold and posts the easy to follow instructions on how to do so with house hold chemicals, on the internet.

What effect would a suddenly and continuing abundance of gold in the global economy have, on the and on national economies?

India would have one continuous We Love The President Day.

[Winston]

South Africans, as a last resort, will declare war on the rest of the world.

[Heraclitus]

South Africa uber ales!

[SlowwHand]

What about diamonds? What if people decide they like quartz better?

[chequita guevara]

No worries there.

[Ecthy]

The real question is what would happen to the world economy if oil became abundant, in drain countries that is.

[LordShiva]

Why is that a real question and teh other one not?

[Ecthy]

Ever heard of Wittgenstein you PUNK

Because it's a better question. Gold and the economy are not related. Gold and oil are

[Ecthy]

So make that: what would happen to gold if the world economy became abundant in oiliness.

Much more of a point can't possibly made in this thread.