In response to:

To Get Rich Is Glorious: Is the Gold Standard Emerging in China?

David4 Wrote: Oct 03, 2012 8:37 PM
Worth a historic review: 1) How and why do nations adopt a hard-currency standard. 2) How and why do nations stay on a hard-currency standard, rather than "getting bucked off", as Britain got bucked off the EU "snake" back several years ago.

As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod to gold — is the most prominent element of the 2012 GOP platform still being heard to “reverberate around the world.” Meanwhile, it continues to gain impressive momentum in the United States.

CNN’s Kevin Voigt writes, in The China Post, “Currencies: Re-evaluating the ghost of...