Switch to gold standard could stabilise prices – Philadelphia Fed research
It is just a matter of time. We will be returning to a gold standard. Do they wake up and do it BEFORE hyperinflation wipes out everyone and destroys the system or do they wait until AFTER that happens and they implement it in the aftermath of a chaotic collapse? This is how it gets started. First one of the regional Fed banks issues a research paper as a trial balloon. It will be rejected by some and considered and discussed by others. Let’s see how well it is or isn’t received. https://www.centralbanking.com/central-banks/monetary-policy/7961027/switch-to-gold-standard-could-stabilise-prices-philadelphia-fed-research
Wait, but, Fort Knox has been emptied! No real inspections for decades!
Canada has none!
Would they access gold from one of the 3-letter agencies? BIS, etc…
From a traded gold fund like CEF, GLD…?
https://www.sas.upenn.edu/~jesusfv/A_Model_Gold_Standard.pdf