“Bring Back Gold Standard” Says Jim Grant – 11 May 2011
On the goldnews area of the Bullionvault web site we find a quick article pointing out that Jim Grant calls for a return to the GS. Here is a part of the article:
Jim Grant, publisher of Grant’s Interest Rate Observer, the long-running finance journal, told a conference in Edinburgh that returning to a gold standard would “restore the price mechanism to its proper place.”
“Central bankers prefer the brute methods of command and control to the delicate simplicity of the price mechanism,” said Grant, adding that a “true gold standard…favors no one nation, but synchronizes the balance of payments between all.”
Forbes Predicts U.S. Gold Standard Within 5 Years – HUMAN EVENTS
A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS.
Read the full article here: http://www.humanevents.com/article.php?id=43439