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No, we are not going back to the gold standard
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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