Footsteps Toward A Gold Standard

More than a decade of costly instability in financial markets worldwide has naturally led to awareness of a need for a better way, a way that promotes stability. That need has led to a reawakening of interest in the international gold standard. Not on the part of the United States, custodian of the world monetary base, which at the moment rules the roost of dollar hegemony, but in other world capitols, especially Beijing. In this study of the gold market developments we find evidence that planning for a gold standard is well advanced and the sound of footsteps not merely illusory.