A brief history of the gold standard
The gold standard was a monetary system under which almost all countries fixed the value of their currencies according to a certain amount of gold. But why was it abolished? And will it come back? 11Onze agent, Aitor Canudas, gives us a summary.
In a scenario where the continued printing of money has led to too much of it circulating, which has devalued its value and caused a bubble in the sovereign debt of states, we take a brief look at the history of the gold standard and its possible viability at the present time.
As Aitor Canudas explains, there are several reasons why President Nixon put an end to the gold standard. Experts in geopolitics have divergent opinions when it comes to identifying the causes behind this paradigm shift or, even the possibility of returning to this monetary system.
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