Is $5000 Gold Necessary to Re-establish A Gold Standard? : MunKnee.com
Understanding the Old Gold Standard Basics. The 18th century gold standard system that so many people view as a free market alternative to central banks determining credit conditions, money supply, etc., was not really a free market. … Since then many things have impacted gold markets including the Russians selling their gold stocks, other central banks selling gold, technological improvements in gold mining, Japanese stagnation, India legalizing private gold holdings …
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