I agree strongly with you about going back to the gold standard ...won't , can't happen for the reason you mentioned and also because governments lose some degree of control .
If a country's economy goes sour it's currency drops encouraging exports and discouraging imports and partly offsetting the original problem .
If a currency is tied to gold that can't happen .
With Greece when their debt was rising they had the same currency as the rest of the EU and it again it couldn't happen .
However I am still a gold bull .
China is the biggest gold producing country and they are keeping all of it . Lot's still being imported to help back their currency .
Other countries eg Turkey , seem to be doing deals for gold .
Many people/institutions want a portion of their portfolio in precious metals as a hedge .
Ridiculous levels of debt in US,Europe , Japan etc . and lots of potential black swans in the world .
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