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>> Gold standard fell apart because it was a bad way to manage currency in a modern industrialised society Gold market is heavily manipulated by big player suc
by vmfunction 3y ago
>> Gold standard fell apart because it was a bad way to manage currency in a modern industrialised society
Gold market is heavily manipulated by big player such as Chase, or if you go back far enough by city state like the Venetians.
Having a gold back currency is just a insurance against the central banks to not just print money too erratically. If you look around the US, several states have already created bullion repositories. Not to mention countries such Russia, China, Germany have being repatriating gold for quite some times now.