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Written by Gabriel M. Mueller
- Gold Money |
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Wednesday, June 22, 2011 |
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I recently came across this hit-piece on the gold standard. According to the author, the gold standard would be a bad monetary system because gold mining companies, not central banks, would control the supply of money (i.e., gold). As a result, prices would constantly be fluctuating as gold discoveries would ebb and flow. Therefore, the author predicts, the economy would have sporadic moments of inflation and deflation because everything would depend on whether gold was found or not found.
The author’s point is si Read more |
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Written by Gold Research Analysis by GoldMoney
- GoldMoney.com |
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Sunday, February 27, 2011 |
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The debate concerning the succession of the dollar system is slowly gathering momentum. Both gold and the SDR, the unit of account used by the IMF, are being mentioned. Strangely enough, many economists seem to prefer the use of the SDR to the use of gold.
The reason why gold is such a good international standard of value is that all the gold ever mined is still amongst us today. It has practically not been consumed and has always been recycled. Because of this fact, gold’s stock-to-flow ratio, the total above gr Read more |
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