Return of Gold Standard: Why Soros is Buying the Precious Metal
SputnikNews.com
19.05.2016
Demand for gold has jumped almost 21 percent in the first quarter of 2016, causing some to question whether paper money is doomed and if the gold standard is due for a comeback.
In their latest Liberty Report, former US Republican congressman Dr. Ron Paul and American political analyst Daniel McAdams focused their attention on the fact that the idea of reviving the gold standard has recently caught its second wind.
Although the US financial establishment has repeatedly attacked gold, claiming that it “is not money,” the price of the precious metal has made leaps and bounds over the past sixteen years, soaring from $300 per ounce in the early 2000s to more than $1,400 an ounce.
The former congressman stressed that “it is just utterly silly to say [gold] is just a commodity, and not special, no difference, and therefore it would only hurt people because how would it preserve the financial market.”
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