Is The Gold Standard Now Alive Or Dead?

For the first time in 40 years, inflation has spiked in developed markets, reaching double digits in many countries. Calls for a return to a gold standard are getting louder. The list of supporters includes names such as President Donald Trump, the American Institute for Economic Research, and U.S. politician Ron Paul. In 2022, U.S. Congressman Alexander Mooney went as far as introducing a bill to “define the dollar as a fixed weight of gold”. Alan Greenspan, former chairman of the Federal Reserve Bank, in a 2016 interview stated “If we went back to the gold standard as it existed…