GOLD 0.51% $1,391.7 gold futures

return the gold standard as world unravels, page-21

  1. 1,635 Posts.
    lightbulb Created with Sketch. 123
    Janimot

    The real benefit of no gold standard is that all the Euro countries in debt trouble now would be benefiting from a rapidly falling currency which would stimulate exports, increase tourism (gee I bet Greece and Italy would love this) and increase their gdp without the need to intro draconian austerity measures that simply further slow an already faltering economy.

    With a gold standard in place this could not happen as efficiently.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.