Why should we return to a standard that is based solely on gold? Wouldn't it be prone to instability (simply look at the change in gold prices over the last few decades)? If we were to return to some sort of standard, wouldn't it make more sense to return to some sort of standardized pool of storable commodities (e.g. a mix of gold, silver, platinum, copper, iron, nickel, oil, wheat, etc.) in an effort to reduce volatility? I just don't see what makes gold unique or particularly useful for the role as a standard for currency.
Dumb question about returning to the gold standard...
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