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There is a call for returning to gold standard by some groups. It is good that someone actually looked at the financial system under gold standard which gold bugs forget to mention.
Hullo there Investor, and once again many thanks for your suggestion re "The Power of Gold", by Peter Bernstein. I have read and re-read that book, and found it to be one of the most insightful and fascinating books regarding finance and monetary systems that I have yet encountered.
The fact would appear to be that the world has yet to invent a bulletproof monetary system- gold or anything else.
Reply to @Old_Joe: You are welcome and you are quite right. There is no perfect monetary system. I am posting these because it looks like people have forgotten the problems and economic crisis because we were tied to gold standard.
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The fact would appear to be that the world has yet to invent a bulletproof monetary system- gold or anything else.
Regards- OJ