iran vs us confrontation, page-7

No ive always said something similar to the comment above. i did expand on issues the gold standard has caused throughout history. In the opposite cycle to now when gold is in vogue it causes a number problems of its own.

Spain for instance created their own demise when they found gold in Latin America or the deflationary period of the 19th century US until gold was discovered in California.

Poor periods so of monetary management under a gold standard lead to its abandonment for a fiat/credit standard, which in turn collapses and causes a change to a gold standard commodity.

I would like to see a hybrid with gold and silver as say 30% and 70% various other commodities. The challenge is that gold has a history of unfairly penalizing nations with none and no means to obtain it. Empires tend to hoarde gold and use it to strengthen their position