Re: AN INTERESTING AND EXCITING READ

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mercian9

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Re: AN INTERESTING AND EXCITING READ

in response to

AN INTERESTING AND EXCITING READ

mercian9

posted on Apr 29, 2009 07:20AM

In uncertain times, all that glisters is a gold standard
by Gillian Tett; The Financial Times

"...the logistics of embracing a new gold standard would be mind-boggling. UBS, for example, calculates that the US reserves of gold are so small, relative to its monetary base, that a price above $6,000 an ounce would be needed to reintroduce a gold standard. To implement that standard in Japan, China and the US, the price would be more than $9,000."