Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    Brian, a financial crash in the Eurozone would most likely affect the US economy and the British economy too.
    Eurozone countries and America both have a severe currency problem, as too many paper values are backing up colossal debt-systems.

    The idea of backing the euro up, and the dollar, with what is seen as a safe asset in financial terms, namely gold, could just avoid a major financial crisis.
    As mentioned, our economy would fare well from it too, as we have little gold, and so the pound would devalue to an extent against the euro.

    So both the Eurozone and Britain would gain.

    But the point of yesterday's post here on this thread was to make aware that in the USA, this idea of using gold to back currency, in this case the US dollar, is making headway among prominent economists.
    I posted an article about 2 weeks ago on the Web, and it seems to be catching on.

Report Post

 
end link