Quote from: erre on November 04, 2014, 10:22:31 PM

Quote from: twiifm on November 04, 2014, 09:26:54 PM

Quote from: camponez on November 04, 2014, 08:51:41 AM

Quote from: twiifm on November 04, 2014, 02:36:12 AM

Quote from: camponez on November 03, 2014, 09:01:25 PM

Does anyone have an idea on what happen if a country decide to go back to a Gold standard?

Imagine that there is no threat to this country come from the others. It's a middle sized economy.

Its economy would become strong. It would not be able to inflate there currency for obvious reason.

What are the pros and cons? A fly solo like this is even possible/imaginable?

I'm just curious to know what you guys think it might happens.

Read what happened when England went back to Gold Standard in 1925. Results werent good and they went off it in 1931

I don't think the same apply. We are much more global now. The effects could be better or worse.

What's the reason to use gold standard? Historically, countries went off gold standard because there wasn't enough gold to back the monetary demand.

What would probably happen is that boom & bust cycles would be extreme and you get things like Great Depression

Why you say so? You can divide 1g.of gold indefinitely, just as btc!

In theory yes. Nobody would use gold, but gold certificate instead. However, it would be difficult to get your gold back for very little amounts