Monday, March 30, 2009
Russia backs return to Gold Standard to solve financial crisis - Telegrap.co.uk
Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.
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2 comments:
A spoon full of gold to the SDR world currencies soup does not make a gold soup or a return to the gold standard.
True. Still, I find it most interesting that big holders of dollars such as China are speaking up about finding a substitute at the world reserve currency - and that it be backed by gold..Bill Murphy of GATA must be doing cartwheels..
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