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Notes to myself, possibly of interest to others.
-- Bill Northlich

Saturday, November 29, 2008

Proposal to return to a gold standard

Paul Brodsky of QB Partners proposes a return to the gold standard. Many others are proposing same. The article presents many cogent reasons why a gold standard would be good. It touches on why it would be politically hard, both in and outside of the US. Worth a read.

Note - if a gold standard is adopted in the nearish term, a case is made that that would value gold in US dollars at $7000/oz.

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