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IPFS News Link • Gold and Silver

The Golden Revolution: How to Prepare for the Coming Global Gold Standard

• http://www.dailypaul.com, P.Au.L
 A reserve currency can only function as such if there is a general consensus that it provides a stable store of value. Without this trust, money, no matter what form it takes, will be abandoned--either suddenly in a crisis, or gradually over time--in favor of something else. The Golden Revolution looks at how the world is now moving rapidly toward some form of global metallic standard, in which money, at least in official, international transactions, is linked directly to gold.

The practical reality of the transition to the coming global gold standard is going to be substantially different from the global fiat monetary and financial regime of today. It is not just money that is going to change. The nature and business of banking will also be affected, as will finance in general.