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Should more economies be driven by the gold standard rather than stock markets?

  • Yes they should

    Yes Gold will remain more stable than the stock market and it is not as heavily regulated as the stock market and there are more corrupt people in the stock market. The crooked politicians that can throw their weight around and cause the market to fall very easily that they do currently.

  • All that glitters is not gold

    As of 2013, no country is using the gold standard. There are many reasons why that is so. There is and will always be an unequal distribution of gold. It hinders economic growth. As an economy's productive capacity grows, then so should it's money supply. A gold standard REQUIRES that the money be backed in gold, so the scarcity of the metal would always hinder economic growth.

  • No, the gold standard is no longer relevant.

    Gold is no more or less valuable as a monetary system than one based on a different precious metal, or on seashells, or anything else that we choose to place value in. Basing your monetary supply on any commodity is problematic. Though it can help bring long-term monetary stability, commodities are subject to short-term price volatility. This in turn can lead to economic instability, as lenders become reluctant to issue debt that they do not know the future value of with the certainty. If a home loan is worth 115 ounces of gold today, but is likely to be worth 130 ounces of gold next week, perhaps the bank would rather keep that money on hand then lend it out to a home buyer.

  • No it should not

    How the economy is the United States of America and the rest of the world we should not go back. The world has operated in a market based setting for many years and more countries are adding onto this system. It would make things harder if we were to change things again.


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