Myth: Gold Makes Boom-Bust Cycles Worse
The gold standard, if not abused, is not conducive to boom-bust cycles.
The gold standard, if not abused, is not conducive to boom-bust cycles.
A monetary crisis is coming. Will gold or crypto replace the dollar?
A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.
In March 1968, a crisis of confidence in the dollar on the free gold markets led the United States to effect a fundamental change in the monetary system.
Ron Paul's 1982 book on monetary reform.