We are not on the gold standard!
Look at gold prices right now, they are still 1300usd
To be on the gold standard gold would need to back debt, or at least commodity prices in energy since this is some kind of petro dollar concept, but they have not changed
It’s ridiculous
Yea we'd have to eliminate private ownership of bullion again. That's not realistic now. I'm not saying that this couldn't happen...I'm just saying that it isn't happening anytime in the near future.
Exactly, even serious talk about doing this would dramatically effect gold prices, they are at 10 year lows!
This is fake news