world bank calls for reinstatement of gold standard

[DR_1]

Au reaches a new high...seems like gold is slowly becoming the flavour of the month. I can still remember when I worked on the mines as we struggled with prices..in those days early 90's, $250 was considered a good price...

[SimonPB]

not the world bank .. one official at teh world bank .. sall but important difference ..

[Fredsed]

Jogs the memory of when the gold standard was dropped and I got a job on the re-equipping at Crown Mines. 1971 was it? Anyway it was just a few years after Neil Armstrong took a stroll on the moon.

[shares]

Not to be funny but if you look at why the gold standard was dropped then you'll realise it's not exactly feasible to re-implement it. A better idea might have been to keep an eye on asset price inflation when giving reserve banks a mandate of inflation targeting.