Perhaps all thats needed to achieve a gold standard is for a weakening of the petro dollar. Is that unthinkable? Let some of the treasuries mature in conjunction with the largest trade deficit in the world. China has the largest trade surplus. What are they going to buy with their petro dollars? More petro dollars or gold? The Chinese are already offloading treasuries through Belgium.
Ultimately, this chain of thought is not unreasonable. Skol, you pride yourself on reasonable thoughts. I know that right now the gold standard would be impossible but if the deficit continues with treasuries maturing then if the world does not drop the petro dollar then China would easily buy gold.
