GOLD 0.11% $1,311.6 gold futures

"the gold standard is not feasible because of the environmental...

  1. 7,263 Posts.
    lightbulb Created with Sketch. 70
    "the gold standard is not feasible because of the environmental impact of mining it"

    While that is a good case against a gold standard from an environmentalists point of view, there are better economic reasons against a gold standard. If the purpose of monetary policy is to maintain constant prices it is a better idea to link money supply to changes in the level of economic activity, rather than the level of gold production.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.