Disliked{quote} All these gold bugs miss the biggest problem with staying on the gold standard.. If everybody is on it, then a let's say interest rate increase in Cyprus will affect the interest rates in the United States.. Maybe the U.S. didn't need that at the time Cyprus went about it.. Pretty much like we would all be on yuro... That worked great.. Anyway...Ignored
Staying on the gold standard, would have prevented, TARP, QE ( infinity and beyond) and the never ending budget deficits, 14 trillion in debt and growing. I could go on and on. Gold bugs see something most don't, a leash on government spending.
Well short dollar when the time comes....