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the secret return to a 'gold standard', page-5

  1. trade4profit
    15,276 Posts.
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    07/11/12
    19:48
    Post #: 10969865
    timber1956...

    From your post...

    "Restoring the US to the gold standard involves fixing the price of gold in US dollars. The only guaranteed way of doing that (though I am open to suggestions) is restoring convertability. That would require the US government to either buy a great deal of gold, or devalue the US dollar.

    1. They don't have the money to buy the gold; and
    2. Massive dollar devaluation would trigger chaos in world markets."

    There is an Option 3...

    Significantly increase the price of gold!

    Cheers!
    Value at posting: $0.00
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