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  • No, we are not going back to the gold standard

    From raymondjames.com

    Over the last several months we have answered several questions from clients regarding renewed speculation on the U.S. dollar as well as about other countries in the world potentially moving back to a ‘gold standard,’ as if the gold standard was a sort of panacea that would save us, that is, save the U.S. and/or the global economy, from its current problems. We have heard stories that countries around the world have been accumulating gold since the 1970s in a process that ‘points to adopting the gold standard’ again. As we navigate the first days of 2023 it means that, if this process was actually true, it ... (full story)

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There at least 31 trillion reasons (and counting) why we should go to a true gold standard.

Mises.org
Probably not as Gold remains refuge of last resort against economic chaos.

However fate of USD will be affected by what just happened in US House of Representatives as new speaker in acceptance speech toed a line on spending. Those counting on continued profligate US Government fiscal stimulus will be making changes in their analysis.

Coupling ongoing inflation fighting by Fed and withdrawing runaway Federal Government spending are going to restrain nominal GDP growth.
US wage growth is slower then inflation which leaves only debt assumption to keep up consumer spending.
Highly indebted consumer leaves little room for increase in capacity to spend.
hahahahah, people still believe these zombie economic numbers. look, i am scientist and say 2 x 4 = 22. what you gonna do about it ?
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  • Story Stats
  • Posted: Jan 6, 2023 3:15pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,447

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