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…

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Thanks. The fact that a party who would promote this can not promise voters the same short term benefits as a party who can keep printing money is something I have overlooked. I suppose that would also go back to the fact that parties in a democracy are usually only elected for 4 years.

With that I now wonder if there are any parties in any…

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I realize governments prefer to print their own money. It gives them more control.

But if sound money is superior how is there not a single benevolent president or king or whoever who decided it would be best to 100% back their countries currency with gold after 1971?

Is it the fact that every other country would have to play along or what am…

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@kiocla I think you are spot on.

There is this calculation that was pretty eye opening to me.

Say you make 50usd per hour and you want to outsource all of your work that renders less than 50usd / hour, then you could hire 5 people and pay them each 10usd/hour and even if they are only a fith as productive as you are, it would still make sense…

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