A return to a gold standard could address the negative impacts of a fiat currency system. Authored by Mike Maharrey via Money Metals,Could the world be creeping closer to a monetary gold standard? Franklin D. Roosevelt took the first steps to abandon the gold standard in the 1930s. According to the World Gold Council, central banks' net gold purchases totaled 1,037 tons in 2023. Financial analyst and investment banker Jim Rickards also sees the world tilting toward a gold standard.

Source: Forbes June 01, 2024 15:03 UTC