The market will choose the next standard, if only for the short term. Currently the choice is gold.
All currencies are a confidence game and fiat is going down hard. It may take some time to re-establish trust in goevernments and their paper funny money, it's still early days yet but people are getting nervous. Depending on how far the contagion spreads the powers that be may be forced into a corner. They will need to re-establish confidence and they may well have to peg back to gold if in name only.
The Swiss franc is backed 40% by gold, currently it's performing as the strongest curreny on the planet. Why do you think that is?
return the gold standard as world unravels, page-26
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some