timber1956...
From your post...
"Restoring the US to the gold standard involves fixing the price of gold in US dollars. The only guaranteed way of doing that (though I am open to suggestions) is restoring convertability. That would require the US government to either buy a great deal of gold, or devalue the US dollar.
1. They don't have the money to buy the gold; and
2. Massive dollar devaluation would trigger chaos in world markets."
There is an Option 3...
Significantly increase the price of gold!
Cheers!
- Forums
- ASX - By Stock
- GOLD
- the secret return to a 'gold standard'
the secret return to a 'gold standard', page-5
-
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)