[sargon]

There’s not enough gold in the world to make a gold standard feasible.

Nonsense. The proper price would eventually be arrived at.

The alternative is to have fiat currency based on "fractional reserves". When governments want more money, they just print it, and consequently they enable the massive deficit spending policies required to implement and maintain authoritarian socialism.

I'll take the gold standard, warts and all. The fact that the banksters oppose it is a perfect sign of what a great idea it is. It makes deficit spending at least somewhat more difficult.

[Vendome]

Well, since we gave the Chinese about $1 Trillion in gold reserves, I guess they’ll be making the rules.