
Until early in the 20th century, gold played a central role in the world of money. Gold had an incredible run – almost three thousand years. And why not? After all, Professor Roy Jastram convincingly documents in
The Golden Constant just how gold maintains its purchasing power over long periods of time. But, since President Richard Nixon closed the gold window in August 1971, gold has not played a formal role in the international monetary regime. Today, the “regime” is a chaotic non-system. It is time to reconnect the world's money to gold.
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