Republicans Eye Return to Gold Standard
Gold Standard Idea Is ‘Nonsensical’
Ralph Silva, director at Silva Research network and Moorad Choudhry, head of treasury at the corporate banking division of RBS, described the US Republicans idea of returning to the gold standard as ‘nonsensical’ and ‘ludacris’.
The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.