Home › Forums › The Fiat Standard › Why is there not a single country in the world on a gold standard TODAY? › Reply To: Why is there not a single country in the world on a gold standard TODAY?
HendrikMemberApril 4, 2023 at 08:14
Wouldn’t it give the country who starts to do this first a jump start?
Say Switzerland does this. They are the 7th biggest gold holder but only the 20th biggest economy worldwide. I don’t see how they wouldn’t benefit but someone smarter than me needs to chime in on this. I have tried to google a good answer but couldn’t find anything.
Here is a list of who holds the most gold and the west dominates the statistics
(Pretty surprised to see Germany and Italy at 2 and 3 respectively.)