Comment: The U.S. shouldn't return to a gold standard

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The U.S. shouldn't return to a gold standard

It should let the free markets decide.

In a free market, when one commodity gets too expensive, ie because someone is hording gold and manipulating prices,the free market chooses something else just as good - for instance silver. Other alternative currencies, etc. The market participants choose by the nature of the markets, not fiat demand on what to use on high.

Since golds price is fixed in London everyday - which was just in the news a week ago, when Greenspan use to say as Federal Reserve chairman he was going to follow the lead of gold, it was just saying he was going to abdicate to the will of the bankers in London. The prices weren't based on a free market, but are manipulated.

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