29.02.2012 - Return to gold standard would be damaging
A return to the gold standard would be impractical and could even be damaging to the financial system, even though it can serve as a hedge against declining values of fiat currencies and plays a role as a reserve asset, a think-tank said on Tuesday. The price of gold, which last year hit a record high above $1,920 an ounce and on Tuesday traded near $1,780, has been rising for the last 11 years, driven by widespread appetite for the metal including from central banks, whose purchases are at their highest for at least two decades...............................................Full Article: Source
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