Fed’s Powell explains why a return to the gold standard would be so damaging to the economy

PIMCO: "Currency Cold War" May See Gold Soar Higher

] “If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says. Though Powell distanced himself from the Fed nomination process, his comments put him at odds with the writings of Judy Shelton, a current nominee to the … Read more

US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard

] US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries … Read more