Can the Gold Standard Help Improve the Economy?

international gold
Written by Mike Hammer

Proponents of a gold standard were quick to publish their views following Jerome Powell’s negative remarks on gold. These “debates” usually take the form of someone says one thing publicly, then someone else gives the opposite (or moderating) view. It’s too bad that very seldom such debates are in-person, responding to the same questions, with follow-up and real-time point-by-point from both sides.

Because when it’s article-by-article, the reader has to piece together what each side says about what, only to find too often that they talk about different points – and then how do you actually compare the two?  It’s like a hellish nightmare of compare-and-contrast essays from high school (shudder).

As you can read Powell’s views in the article linked above, today’s featured article is a decently-measured look at the benefits of returning to a gold standard, without diving too much into the “how” details.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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