Mate there are gold standards of all sort of varieties, but they have all one thing in common. They were all created to impose monetary discipline, BUT AT A PRICE.
One current de facto gold standard is the Euro., which according to some is even worth than the formal one.
http://au.businessinsider.com/paul-krugman-reddit-chat-2012-5
By the way. To go into a gold standard you don't need any gold or precious metals. Just pass a law saying that the money printing machine can only function at the same growth rate as that of gold extraction.
- Forums
- ASX - By Stock
- GOLD
- a bit of respect.
a bit of respect., page-15
-
- There are more pages in this discussion • 22 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)