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Why a gold standard is still a bad idea

Posted on 28 November 2011

I have always stood firmly against a gold standard, but I remain a long-term commodity bull (yes that includes gold). I believe that while individuals should hold some precious metals or precious metal linked investments in their portfolios as a hedge against asset inflation, a gold standard introduces too many unnecessary rigidities in the system which creates economic volatility.
I came out against a gold standard back in December 2008, and I stand by my previous comments. There are numerous problems with a gold standard, which is another form of fixed exchange rate regime………………………………………Full Article: Source


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VRS - who has written 36199 posts on Opalesque Commodities Briefing.


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